Red Hat Shakes Off Economic Meltdown

“In a conference call with analysts after the market closed
today, Jim Whitehurst, Red Hat’s president and chief executive
officer, bragged that Red Hat was able to weather the economic
storm by being a provider of “low cost, high value” software and
services, and said that the company renewed the top 25 accounts
that were up for renewal.

“He added that with companies looking around to cut costs, as
they did when Red Hat was a relative youngster back in the 2001 IT
recession, Red Hat was in better shape since it had a much broader
and deeper product line, as well as a global company with
operations in 65 offices in 28 countries.”

Complete Story