Red Hat Looking to Expand Into Indonesia and Cloud-Computing
May 17, 2014
Grazed from GuardianLV. Author: Nicholas Grabe.
Red Hat Inc. has spent the past decade becoming one of the dominant commercial providers of the Linux operating system, but it is now looking to expand by exploiting opportunities in Indonesia, and in the field of cloud-computing systems. Red Hat Inc., which generated approximately 1.5 billion dollars in revenue last year, is expecting double digit revenue growth over the next year.
This would follow 48 consecutive financial quarters in which Red Hat has shown revenue growth, but it is nonetheless a very optimistic expectation on the part of David Yap, Red Hat’s country manager for Malaysia and Brunei. This optimism, however, is strongly supported by indicators from the Asian Pacific market…
Last year the Asia Pacific region contributed 13 to 15 percent of Red Hat’s total revenue, and this number is expected to increase significantly in the near future. This expected increase is due to the fact that total IT spending in the region has been predicted to increase by 4.2 percent, to a total of 758 billion dollars. Total IT spending in Malaysia is expected to grow even more, with Gartner, an IT research and advisory firm, predicting that Malaysian spending on IT will grow by 10.2 percent, to almost 21.24 billion dollars, by the end of 2014…
Read more from the source @ http://guardianlv.com/2014/05/red-hat-looking-to-expand-into-indonesia-and-cloud-computing/