Red Hat Linux Software Earnings Miss Head of IBM Aquisition

Open source Linux software provider Red Hat, who will be acquired by IBM reported earnings after the close Monday, missing on earnings and on revenue. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.

IBM Raises Earnings Guidance on Strategic Imperatives and Cloud Segments

Technology giant IBM reported better than expected Q4 earnings after the close Tuesday. $IBM raised future guidance and also reported full-year revenue of $79.6 billion, up 1% and the first year-over-year growth in 7 years.