Red Hat CEO: Oracle/BEA Deal is Helping Us
Jun 26, 2008, 12:45 (0 Talkback[s])
(Other stories by Sean Michael Kerner)
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"Business continues to be good at open source vendor Red Hat
despite the economic slowdown in the U.S. Part of the good times at
Red Hat are the result of new product introductions that are
helping to grow revenues and part comes from the actions of others,
in particular Oracle.
"During Red Hat's first quarter fiscal 2009 conference call, Red
Hat CEO Jim Whitehurst outlined his company's financial performance
and credited the Oracle acquisition of BEA as being a driver for
Red Hat's revenue growth.
"Red Hat's first quarter fiscal 2009 ended on May 31. Revenues
at the Linux vendor for the first quarter of fiscal 2009 hit $156.6
million, which represents an increase of 32 percent over its first
quarter fiscal 2008 performance..."