Cloud Computing: Red Hat targets China for R&D
November 5, 2012
Grazed from China Daily. Author: Tuo Yannen.
Red Hat Inc, the No 1 Linux developer in the United States, is considering investing more in its research and development and sales team in China, said the company’s President and Chief Executive Officer Jim Whitehurst. In its fiscal year 2012, Red Hat’s revenue exceeded $1 billion. The company wants to reach $3 billion in the next five years. An exhibition focused on the cloud computing industry in Nanjing, Jiangsu province. The sector is booming in China. [Photo/China Daily]
In order to fulfill this goal, the US-based open-source software company said it will place greater emphasis on the Chinese market, where IT spending and cloud computing technology are booming. "The open-source Linux system is the hero behind the scene. Most of the stock exchange market systems are based on the Linux system," said Whitehurst…
He explained that China has a bigger market potential than other developed countries such as the US for cloud computing development because the country isn’t burdened by the old system, making it easier to build a new one.
Although China has yet to contribute a big share to Red Hat’s global revenues, lagging behind Japan, Australia and the US, the market still has huge potential, which cannot be underestimated, the CEO said…
Read more from the source @ http://www.chinadaily.com.cn/business/2012-11/05/content_15874520.htm