Red Hat CEO Explains Open Source Success
NEW YORK (TheStreet) - Red Hat (RHT) CEO Jim Whitehurst said the company has been so successful in open source software because of its vast army of engineers and because it places support behind its releases.
"We have a team of engineers that are behind supporting open source, and we are able to monetize the support and customer service," Whitehurst said in an interview Tuesday.
 |
| Red Hat CEO Jim Whitehurst |
"Red Hat has been successful in open source where others have not because when we release a new system every two years, we pledge to support it for 10 years," Whitehurst noted.
The Raleigh, N.Cc-based company reported earnings earnings Monday that beat Wall Street estimates; it also raised fourth-quarter and full-year guidance.
On the conference call following the release of the earnings, Red Hat said it expected fourth-quarter revenue in the range of $289 million to $292 million. It expects earnings of 26 cents to 27 cents a share. Wall Street's current consensus view is for a profit of 26 cents a share in the quarter on revenue of $292.5 million.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
