IBM Reports Significant Mainframe Linux Growth Korea’s First Open Source City Finding Success
Dec 22

Despite the onslaught by Oracle and Microsoft Redhat prevailed this quarter and beat Wall street estimates with revenue rising 45 percent to $105.8 million. It is encouraging, however, I do not believe that the have felt the brunt of the two front battle that Microsoft and Oracle have started.

Notwithstanding the changing dynamics of our market, we are cautiously optimistic that competitive efforts by some of the largest technology companies in the world are actually expanding our opportunity,” Red Hat Chief Financial Officer Charlie Peters told an analyst conference call.

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