Posts tagged “Linux”
Shares in Red Hat haven't been this hot since the go-go days of the "dot com" boom when the company went public and its shares soared to $105. On Thursday, shares soared 11 percent to a new 52-week high of $76.70 after a strong earnings report on Wednesday. And Wall Street analysts are impressed.
Red Hat delivered another quarter of revenue growth in 4Q14, increasing a reported 15% from the year ago quarter to $456 million. This marks the 11th straight quarter of year-to-year revenue growth for the vendor. So what's driving growth? Technology Business Research analyst Andrew Smith offers his detailed insight.
The Red Hat of today is a far cry from the still-small team of entrepreneurs that unveiled 20 years ago what would evolve into Red Hat Enterprise Linux. Not only is RHEL one of the most widely used support platforms on Wall Street, it is also a global brand. Red Hat veterans remember the "Halloween" release 20 years ago.
Facebook and Red Hat made appeals to other technology companies to further embrace Open Source and recruit more women at the All Things Open Conference. While Facebook adds IBM, Microsoft and Yahoo to its OS group, Red Hat's chief people officer calls for more women to get involved in technology - period. WRAL TechWire's Allan Maurer has the details for our Insiders.
When you start a company with a product or service to sell, Bob Young, co-founder of Red Hat and Lulu.com, told a packed room at the All Things Open conference at the Raleigh Convention Center: "You don't sell a product's features, you sell benefits." He also offers more advice. What is it? WRAL TechWire's Allan Maurer has the details for our Insiders in this exclusive report.
Inside the All Things Open conference: Open source software is on the rise even in enterprise settings, Forrester Research analyst Jeffrey Hammond told a packed room as the All Things Open conference got under way at the Raleigh Convention Center on Wednesday. WRAL TechWire's Allan Maurer has the details for Insider subscribers.
Many of the world's top open source experts converge on Raleigh Wednesday and Thursday Oct. 23-24 for the second All Things Open Conference. Speakers include James Pearce, head of Open Source at Facebook, Dwight Merriman, co-founder of MongoDB and DoubleClick, and Jonathan LeBlanc, Emmy award-winning software engineer and head of developer evangelism at PayPal.
Red Hat says a malware attack exploiting vulnerabilities it disclosed last week and now known as "bash bug" and "shellshock" is underway. The company is telling firms to make sure their systems are "fully patched" to defeat the attack. Meanwhile, Red Hat also updates its patches which it knows says were "incomplete."
Internet security experts are warning that a new programming flaw known as the "Bash Bug" may pose a serious threat to computers and other devices such as home Internet routers. Even the systems used to run factory floors and power plants could be affected. So, is it time to panic? Here are some common questions and answers about the latest security scare.
Remember the "Heartbleed" security scare earlier this year? Well, just in time for Halloween, an even bigger nightmare has surfaced - and it threatens the "Internet of Things" from cameras to networks, a security expert warns. Red Hat disclosed the "bash bug" on Wednesday.
Red Hat, which is shifting its focus over time away from Linux solutions to cloud-based computing, will continue its transition without Chief Technology Officer Brian Stevens. Red Hat says Stevens is resigning, but tech news service ZDnet says "staffers suspect friction in the executive suite."
Analysis: Red Hat improves cross-sales execution and hones in on ecosystem engagement for diversified growth. With a focus on Linux evolution and OpenStack monetization, Red Hat will deliver double-digit revenue growth through 2015.
Red Hat's latest earnings report tops Wall Street analysts expectations in both revenue - by nearly $10 million - and earnings per share - 34 cents rather than 33 cents as projected. Shares immediately jumped nearly 4 percent in after-hours trading.
Wednesday's $95 million deal to buy Paris-based eNovance commits Red Hat even more deeply to OpenStack "cloud computing" solutions as its bet for the future. Two Red Hat executives spell out the reasoning for the deal in a WRAL TechWire Insider exclusive.
Microsoft tops Cisco; Ubuntu beats Red Hat; 'conflict minerals' in RTP; new Fedora leader; smart home interest grows
The Bulldog wrapup: In a new survey, Microsoft tops Cisco for the first time in collaboration-related sales; Ubuntu leads in OpenStack, not Red Hat; tracking conflict minerals in RTP; a new Fedora Project leader; 43% of homes with broadband eye smart home services.
Analysis: Inktank's Ceph Enterprise platform positions Red Hat to enable the full range of software-defined object, block and file storage on commodity hardware -- building on Red Hat's October 2011 acquisition of open-source scale-out public and private cloud storage platform provider Gluster.
Joe Freddoso, the executive who spearheaded efforts to turn the North Carolina Research and Education Network into a state-wide fiber optic highway, is leaving the CEO post at MCNC. After seven years in the job, the former Cisco executive says "I believe it's time for next generation leadership to take over for the good of the organization."
The Linux Foundation is launching a "multi-million dollar project" to improve security in the wake of the Heartbleed OpenSSL crisis. Big-name tech companies are contributing to the fund - but Red Hat, a backer of OpenSSL and the global Linux commercial leader, isn't among the listed funders. Red Hat says it "supports" the initiative but remains mum on specifics. The Hatters do acknowledge that their director of security response is a "founding member" of OpenSSL. They say Red Hat OpenSSL problems have been fixed but won't say anything else about the new program.
Analysis: Red Hat's success in linking core middleware and Linux platforms to cloud and OpenStack, as well as its focus on generating cross-selling opportunities through its "land and expand" initiative, is evidenced by the firm's consistent mid-teen year-to-year revenue growth and record number of deals exceeding $1 million during its FY14--with four of its top seven deals being entirely middleware. Krista Macomber of Technology Business research offers her insight into where Red Hat is headed.
Red Hat will forever be known as the company that commercialized open source Linux, but it's quickly becoming the driver in OpenStack - or open source - for cloud computing. CEO Jim Whitehurst says in a conference call: "Yes, obviously there is substantially more interest in OpenStack, frankly than there has been in really any products since Linux."
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