Red Hat recorded impressive revenue growth at the end of its second fiscal quarter last month, but the figure fell short of Zsulik's figure of 78 per cent. However, if the slump continued, Red Hat could be in trouble.
But Andy Cash, IBM's European head of Linux services for the financial sector, told Reuters he expects 20 to 30 per cent of all banks to work with Linux in just a few years time. As well as offering information and support services for the open...
Leading Linux seller Red Hat has raised $600m through a bond offering, bringing its cash reserves to about $1bn. Red Hat announced a plan last week to sell $400m of the bonds, but when they were priced on Tuesday, there was demand for $500m worth...
Faced with new competitive challenges from Microsoft, Novell and Oracle, Linux seller Red Hat has begun promising protection against intellectual-property lawsuits. Mark Webbink, Red Hat's deputy general counsel, said: "As with any indemnification...
Red Hat has released the second beta of its upcoming enterprise Linux offering. Red Hat Enterprise Linux 5 (Rhel v5), the final version of which is due to debut early next year, will include integrated server and storage virtualisation and failover...
JBoss, another successful open-source software company, was acquired for more than $400m by Red Hat in 2006. Investors include Benchmark Capital, Index Ventures, IVP, Intel, SAP and Red Hat. And though many of the more traditional companies use...
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