Michael Dolan Dot Com

Wednesday, June 27th, 2007

Congratulations Red Hat - Beats Wall St. Estimates (again)

http://www.redherring.com/Article.aspx?a=22739&hed=Red+Hat+Beats+Street

Red Hat on Wednesday reported first-quarter results that beat Wall Street expectations, an indication that corporate IT departments are slowly migrating from proprietary to open technology, the company’s chief executive said.

Linux growth overall, not just Red Hat’s specific gains, might be poised to do damage to Windows and the Unix operating systems. Pointing to his company’s last several years of growth, CEO Matt Szulik told Red Herring that an increasing number of companies are ready for Red Hat’s—and the Linux community’s—alternative operating systems.