WRAL Tech Wire

Red Hat profits beat Wall Street expectations

29% surge in revenue drives Linux software and services provider profits to $21.1M, 2 cents a share about Street forecast.

(Update) Analyst's earnings-day jolt for Red Hat: ‘Lots of headwinds, a few tailwinds’

Update: Linux software leader beats Street earnings forecast after Jefferies & Company already cut future revenue, price targets.

Red Hat acquires Qumranet, continues efforts to transform virtualization

Red Hat has acquired Qumranet, Inc. for $107 million, according to terms of the transaction released Thursday.

'Solid start': Red Hat’s earnings match Street expectations

Drive by surge in subscription revenue, Linux software developer reports 27% increase in revenues.

Red Hat Appears to Be Flying Friendly Skies with New CEO Whitehurst

Jim Whitehurst, the 40-year-old wunderkind chief executive officer at Red Hat, didn’t don a red fedora. He didn’t sing. He didn’t dance. But the man following in the footsteps of Bob Young and Matthew Szulik still made an impressive debut at his Triangle coming out party of sorts on Thursday

So What Gives with Red Hat Stock? Analysts Are Divided

Jim Whitehurst, the new chief executive officer at Red Hat, makes in many ways his Wall Street debut today when the Linux software developer and services provider announces fourth-quarter earnings.

Red Hat's New CEO Headlines Speakers for NCTA Conference

New Red Hat CEO Relishes Challenge of Battle with Software Giants

Jim Whitehurst, who replaced Matthew Szulik on Jan. 1, pledges commitment to open source, Red Hat’s culture and to Triangle community. He also plans to ‘tap’ Szulik for advice, counsel as he takes over world’s top Linux provider.