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Five Companies That Came To Win This Week

For the week ending March 25, CRN looks at five companies that brought their 'A' game and made moves to beat out competitors.

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Red Hat On Track To Surpass $1 Billion In Revenue For First Time



Red Hat, riding the industry wave of data center and cloud computing spending, breezed past Wall Street's revenue and earnings forecasts in its fiscal fourth quarter. More importantly, Red Hat said it's on track to become the first open source software vendor to surpass $1 billion in yearly revenue. Investors reacted by sending shares of Red Hat up more than 18 percent in after hours trading Thursday.

"We believe the strong demand we experienced was largely driven by customers who are modernizing their data centers and preparing their infrastructure for cloud computing," Red Hat CEO Jim Whitehurst said in a statement. "The comprehensive portfolio that Red Hat has developed with platform, virtualization and middleware products provides enterprise customers with a foundation to deploy the next generation infrastructure."

 
 
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