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.
Red Hat Open Source Software Earnings Beat But Revenue Miss
Open source Linux software provider Red Hat who recently agreed to be acquired by IBM reported earnings after the close Monday, beating on earnings but missing on revenue. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.
Red Hat Earnings Surge on Linux Open Source Cloud Software
Open source Linux software provider Red Hat reported better than expected Q4 earnings after the close Monday. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.