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Red Hat CEO Whitehurst On Soaring Stock Success, Open-Source Technologies And Being The 'Last Man Standing' In OpenStack

Red Hat CEO Jim Whitehurst sat down with CRN at the company's North America partner conference to discuss strong financial results and the massive opportunity for the channel around Red Hat's open-source portfolio.

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Open-Source Success

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.

 
 
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