Displaying items by tag: Jim WHitehurst

IBM-owned open source provider Red Hat has appointed Paul Cormier as its president and chief executive, succeeding Jim Whitehurst who has become the president of IBM.

Tech giant IBM will sell one of its remaining divisions and disappear into the company it acquired last year — open source firm Red Hat — the veteran technology scribe Robert X. Cringely says in his annual tech predictions.

IBM and Red Hat have announced they have closed the deal under which the former acquired the open source firm for approximately US$34 billion in an acquisition announced last October.

Open source company Red Hat has recorded an increase of 15% in its revenue year-on-year for the first quarter of the 2020 fiscal year which ended on 31 May.

Open source firm Red Hat, now owned by IBM, has crossed the US$3 billion annual revenue line for the first time, raking in US$3.4 billion, an increase of 15% year-on-year, for the financial year that ended on 28 February.

Tech services and hardware vendor IBM has acquired open source company Red Hat for a sum of about US$34 billion, the two companies announced on Sunday, US time.

Red Hat is a successful, public open source software company. It’s the first open source company to crack US$1 billion in revenue and is closing in on US$3 billion. Here is some advice from the chief executive for your own business.

Open source company Red Hat crossed the US$2 billion mark in annual revenue some time ago and indications are that the 24-year-old firm will soon cross the next revenue milestone – US$3 billion. There is, thus, no reason for the company to continue to do deals with the NSA, given that the philosophy it advocates in public stands in marked contrast to what the NSA does.

Open source company Red Hat has announced revenue of US$772 million for the fourth quarter of the 2018 financial year which ended on 28 February, bringing it very close to recording US$3 billion in annual revenue.

Red Hat is on track to record a third year of US$2 billion-plus revenue, with results for the second quarter of fiscal 2018 showing the company had raked in US$723 million, an increase of 21% on the corresponding quarter a year ago.

Open source provider Red Hat has beaten analysts' expectations in its results for the first quarter of the fiscal year 2018.

Microsoft chief executive Satya Nadella appears to have an incredibly short memory. Else he would be the last person who talks about trust being the most pressing issue in tech in our times.

Red Hat has reported earnings of US$600 million for the second quarter of the current financial year, an increase of 19% year-on-year.

Red Hat chief executive Jim Whitehurst has published a book called The Open Organisation which, it is claimed in a promotional video, mirrors the way Red Hat operates.

Linux and open source solutions provider Red Hat, has reported a net profit of US$48 million for the first quarter of its current fiscal year, an increase of 26 per cent on the corresponding quarter in the previous fiscal year.

Red Hat Linux, the free and open source software company that recently reported its first billion-dollar-plus year of revenue, has donated $100,000 to four prominent FOSS organisations.