How much of Red Hat’s $2 billion in revenue will come from cloud?
September 22, 2015
Grazed from Fortune. Author: Barb Darrow.
Red Hat, the company behind a flavor of the Linux operating system popular with businesses, should hit $2 billion in revenue this year, chief executive Jim Whitehurst told analysts on the company’s second quarter earnings call Monday. But how much of the pie will come from Red Hat Enterprise Linux (RHEL), OpenShift, or other products running in the cloud is an open question.
Some history: Red Hat RHT 0.00% which sells support and service for RHEL and other software, hit the $1 billion mark in 2012 making it what some called the first billion-dollar open-source company. And now, Red Hat, like every other tech company, is managing a shift in customer workloads from on-premises facilities to cloud deployment where the customer may not own or operate the servers running its workloads…
Some of those workloads are flowing to shared public cloud infrastructure run by Amazon AMZN -1.82% Web Services, Microsoft MSFT -0.45% , Google GOOG -1.88% or perhaps another provider…
Read more from the source @ http://fortune.com/2015/09/22/red-hat-hits-2b-in-revenue/