Posts tagged “Linux”
Red Hat has changed the name of an open source project called JBoss Application Server, but the Java-oriented project will remain free and open, the Hatters declare.
Some of the biggest names in networking technology are joining forces with Red Hat and the open source world to form a coalition designed to help drive adoption of the emerging technology known as software-defined networking.
Announcements about partnerships between businesses are as common as pine pollen in North Carolina, but occasionally a deal rises to the top of the pack. Such is the case of Red Hat's expanding relationship with the world's No. 1 PC maker, huge server manufacturer and growing IT services provider.
At its partner conference in San Diego, Red Hat announces a number of new and expanded offerings for its channel partners who are growing increasingly important to the Linux firm's growing revenue stream.
In a conference call to discuss its quarterly earnings and the $104 million acquisition of ManageIQ, Red Hat's top two executives acknowledge that "cloud computing" is becoming an increasingly important business driver. But Goldman Sachs throws sold cold water on the cloud hype.
The world's top Linux software and services provider says fiscal third quarter revenue improved 18% from a year ago to $343.6 million. Analysts had expected a slightly smaller increase. Billings jump 18 percent and subscription revenue surges 19 percent.
Analysis: Customers should take note of Red Hat's targeted acquisition strategy; it is technology driven and aimed at maximizing feature and functionality advances within the Red Hat portfolio. Technology Business Research sees Red Hat, with cloud, virtualization and management products at its disposal, as an attractive partner for cloud-minded companies.
The consortium works with firms to provide access to Linux open source developers to share intellectual property.
In his keynote address at the annual Red Hat summit, Jim Whitehurst sees the breaking of software into separate pieces will drive next wave of change. The Hatters are offering a new consulting practice to help clients embrace and capitalize on the trend.
"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."