Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For an "Executive Decision" segment, Cramer sat down with Eric Shander, CEO of open-source software provider Red Hat Inc. (RHT) - Get Red Hat, Inc. Report , which just posted a 10-cents-a-share earnings beat with bullish guidance -- news that sent shares up 4% on the day.
Shander painted a very bullish picture for Red Hat, saying the strength this quarter was across the board and not limited to just one sector or geography. The investments Red Hat has made in its platform are paying off, he noted, and that can be seen in its strong growth.
When asked for more details on the business, Shander added that sales to the federal government remain strong and have not been capped as some had feared. He also called out Europe as a growing market for his company.
The discussions with companies regarding the cloud are changing, Shander said. Initially, moving to the cloud was all about saving money. But today, companies like Key Corp (KEY) - Get KeyCorp (KEY) Report are looking to speed development by containerizing applications into manageable pieces. Red Hat has all of the components these companies need for a successful deployment, Shander said.
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