Posts tagged “Red Hat”
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 again exceeded Wall Street expectations, reporting fourth-quarter 2014 earnings of $48 million, or 26 cents a share, compared with $45 million, or 24 cents a share in the year ago quarter. The Hatters also announced a $500 million stock buyback program.
Red Hat's latest earnings report on Wednesday demonstrates the broadening reach of the Hatters' open-source based wealth of products with new offerings helping boost revenue for the 52nd consecutive quarter. Technology Business Research Analyst Andrew Smith provides an in-depth analysis.
Surprising Wall Street on earnings report day has become quite the habit at Red Hat. But will the Hatters have a disappointing surprise this afternoon when they report how business went in the last quarter? Analysts and media have plenty of ideas and speculation. If Oracle's earnings are an indicator, currency could play a big role.
Epic's grants; Microsoft-Google co-develop in Java; Red Hat's cloud Atomic Host; Google's wireless (Lenovo) phone and insurance move
In today's Bulldog wrapup on technology news: Epic Games awards its first grants from a $5 million pot; Microsoft and Google unveil co-development plans for Java; Red Hat launches a new operating system for Linux in the cloud; Google to offer one phone for wireless service and it's made by Lenovo's Motorola; Google begins offering car insurance quotes.
Red Hat's 'cloud' practice; AT&T, Cisco link cars; Uber's buy; AT&T's mobile health move; Sony VR headsets coming
In today's Bulldog wrapup of technology and life science news: Red Hat launches a "cloud" practice offering services and technology; AT&T and Cisco team up to connect vehicles; Uber buys a mapping firm; AT&T moves into mobile connected health; and Sony to launch virtual reality headsets next year.
Cisco's $100M for French startups; Lenovo's AMR server move; another Cree breakthrough; Red Hat's Enterprise Linux cloud; AT&T tops rankings
In today's Bulldog wrapup of technology news: Cisco aims to invest $100M in French startups and to rain 200,000 people; Lenovo pursues development of ARM servers; Cree unveils new LED lighting array advance; Red Hat takes Enterprise Linux to the cloud; McClatchy backs new media incubator; and AT&T tops wireless survey.
Red Hat threw analysts a curve ball when announcing earnings last month, disclosing in a conference call that long-time chief financial officer Charlie Peters was retiring. Their comments reflect respect on the Street for what Peters has helped the Hatters accomplish. So what did they have to say?
In the first of three special reports, analysts at Technology Business Research offer a detailed analysis of what is likely to happen across the data center industry. Transformation will reach "unprecedented levels" in a market were Red Hat, Cisco, NetApp, IBM, Lenovo, Oracle and many others are major players. And each of the mentioned firms has a major presence in the Triangle. WTW Insiders can read the details.
Jim Whitehurst, CEO at Red Hat, calls 2014 a "great year," expresses his thanks and offers his insight into the IT industry for 2015 in a blog post provided by the Hatters.
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.
#WTWTrends for Wednesday: RTP and The Frontier, Digital Learning, Red Hat and IBM, Jobs Trending in the Triangle
Trending in the Triangle: Get the pulse of technology in the Triangle with the best in local technology, venture, biotech, and life science news on Wednesday, Dec. 17, 2014 as curated by @WRALTechWire.
Lenovo to top Samsung in mobile computing; AT&T offers VR headsets; regulators OK Duke Energy solar projects; IBM idea to power poor villages; Red Hat downgrade
In today's roundup of technology news: Lenovo to pass Samsung for No. 2 in mobile computing sales, report says; AT&T offering virtual reality headsets; Duke Energy wins regulatory approval for three solar projects; IBM says use old laptop batters to power poor villages; and Red Hat stock gets a downgrade.
TransEnterix exec leaves; Red Hat adds former GE exec to board; IBM sees big mobile shopping record; AT&T-Verizon on VoLTE; Google's $1B NASA deal
In today's Bulldog wrapup of science and technology news: The COO at TransEnterix has resigned; Red Hat adds a woman to its board; IBM sees big mobile shopping season; AT&T and Verizon talk next-generation wireless voice service; and Google signs a $1 billion lease with NASA.
Sponsored content: If you're a member of the Triangle technology community, you'd likely have to be living under a rock to not be aware of next week's Internet Summit being held at the Raleigh Convention Center Tuesday through Thursday.
The renowned lab that confirmed the existence of the elusive "God particle" has selected an Italian physicist who played a key role in that research to be its new director general.
All's fair in love, war - and executive recruiting? Red Hat recently announced a partnership with Cisco to drive "cloud" computing but now has lured away a senior Cisco executive to lead its operations in India.
If you were wondering why Red Hat, IBM, Cisco, NetApp and so many other tech firms are so enthralled with "cloud" computing, just follow the data. Cisco's latest "Global Cloud Index" report forecasts hosted data will nearly triple over the next four years to more than 8.6 zettabytes per month. And most of that is going to the cloud, not traditional data centers.
- US stocks move lower a day after big jump
- IBM's new $3B 'Internet of Things' unit bringing weather analysis to your business, phone
- Quintiles forming joint venture to take on LabCorp in clinical trial services
- US home prices rise modestly, weigh on affordability
- US consumer confidence rises in March