Local Tech Wire

RALEIGH, N.C. – Bloomberg Businessweek’s “50 Top Performers” includes Red Hat.

Red Hat (NYSE: RHT) ranked 22nd.

The list is based “on our ranking of the 50 top-performing stocks in the Standard & Poor’s 500-stock index over the past five years,” the magazine said.

Red Hat showed a 168.3 percent return as of March 31.

“Red Hat has thrived throughout the global recession, posting double-digit growth in revenue, profitability and employment for the past twenty four months,” said Red Hat Chief Executive Officer Jim Whitehurst in a statement. “The opportunity for Red Hat continues to look promising as enterprises integrate technologies, including virtualization and cloud computing, to improve performance and functionality while holding down costs.”

For the list,

In other news on a busy Tuesday:

• Amdocs (NYSE: DOX), one of the world’s largest providers of customer experience systems, has picked Red Hat (NYSE: RHT) Enterprise Linux as its recommended Linux platform.

The agreement was announced at Red Hat’s annual Summit in Boston.

• TheStreet named Red Hat as one of its top tech stocks so far this year.

"The company’s stock has risen 9.7% during the last six months and the software maker is still getting plenty of analyst love," TheStreet’s James Rogers wrote.

Red Hat announces quarterly earnings today after the markets close. Analysts surveyed by Thomson Reuters expect a quarterly profit of 18 cents per share.

Red Hat is putting an emphasis on partnerships at the Summit event. The company, which is the world’s largest provider of Linux software and related services, also has an announcement scheduled for Wednesday with Cisco (Nasdaq: CSCO). A webcast is scheduled for 12:30 p.m.

Amdoc plans to expand its own use of Linux in support of such services as business, operational, customer and network-connected solutions.

Financial terms were not disclosed.

For details about the Amdocs agreement,

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