Red Hat (RHT) might be looking at an encore. The enterprise software company could post a strong fiscal Q4 after the market close Wednesday. Such a report would follow its Q3 beat in December, which sent the stock rising nearly 11%. Red Hat is best known as the No. 1 provider of open-source Linux-based operating system software and related services. Companies migrating from older Unix-based systems and Microsoft (MSFT) Windows systems use Linux.
Red Hat (RHT) is helping the European Space Agency (ESA) reach the cloud. The enterprise software company said Tuesday that it has developed an on-premise, private cloud infrastructure with advanced IT services that includes its open-source Linux operation system for the space agency’s user communities. Red Hat is the No. 1 provider of Linux, which has become a preferred alternative to the Unix systems that Microsoft (MSFT) and Apple (AAPL) have
Analyst concerns about Red Hat’s growth prospects appeared to all but disappear last month after the enterprise software company reported third-quarter earnings that beat Wall Street views. Red Hat (RHT) is the No. 1 provider of open-source Linux operating system software and support, helping enterprises migrate from older Unix-based systems. The company more recently is expanding its efforts in middleware, storage software and cloud computing.