Posts tagged “Linux”
"We see a very strong pipeline for us," Jim Whitehurst tells The Street.com. "The spending outlook for the rest of the calendar year is very strong for Red Hat. Operating cash flow grew 38 percent year-over-year, the core metrics look fantastic, and we continue to be optimistic."
The development of Linux as an alternative to proprietary solutions such as Microsoft Windows led to the launch of Linux-based companies such as Raleigh-based Red Hat, now the world's largest provider of Linux-based solutions and services.
Lenovo's Bollywood star; new CFO at Motricity; Fedora targets cloud; Epic and Wii?; Cisco tablets out
Inside the Bulldog Blog: Lenovo lands a top Bollywood star as its ambassador in India; Motricity names a new CFO; Fedora's latest release targets cloud; will Epic's new game engine embrace Wii?; Cisco drops Cius tablets.
The Hatters have been a very active contributor to the OpenStack project - but behind the scenes due to concerns about the governance of the project. Those concerns have been addressed, Red Hat's CTO says.
The Fedora operating system, which is free and is sponsored by Red Hat, adds numerous features for cloud computing, virtualization and collaboration.
Jim Cramer, host of "Mad Money" on CNBC, likes Red Hat stock. In the rubble of recent Wall Street chaos, Cramer says Chief Executive Officer Jim Whitehurst and company are coming off a "spectacular quarter." But the stock is lagging under analysts' price targets.
The deal for Gluster positions the Raleigh-based developer of Linux software and solutions with technology for use in big data storage. Pandora music service is a Gluster customer.
Jim Whitehurst delivers an upbeat keynote address on the state of open source software and also says companies such as Google should be thankful for the creation of Linus Torvalds.
The world's top Linux open source software developer and services provider reports revenues of $265 million and a profit of 24 cents per share for the first quarter of its new fiscal year. Stock jumps 3 percent on news.