Red Hat CEO Jim Whitehurst welcomed partners to the Raleigh, N.C.-based open-source software leader's North America partner conference in Las Vegas with some good news.
On the first day of the summit, Red Hat released impressive fourth-quarter earnings that sent its stock soaring. Those better-than-expected financials were powered by strong subscription revenue, not just in its flagship Red Hat Enterprise Linux operating system, but across the portfolio of cloud-enabling technologies, with especially strong growth across an emerging application development platform.
Specifically, Red Hat reported revenue of $629 million for the quarter, up 16 percent year over year. That beat expectations of $619 million, sending Red Hat's stock up 5 percent.
The day after speaking to investors in an earnings call, Whitehurst sat down with CRN to discuss two prominent open-source technologies that Red Hat is championing: application containers and the OpenStack cloud operating system. Red Hat has leveraged its dominant position as a Linux vendor to become a driving force in delivering both collaborative projects to the enterprise.