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Technology Stocks : RedHat Linux distributor -- IPO

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From: JakeStraw	9/21/2016 4:20:29 PM
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Red Hat Reports Second Quarter Results for Fiscal Year 2017 finance.yahoo.com “Red Hat's second quarter revenue results were highlighted by 18% in year-over-year growth for our Infrastructure offerings combined with 33% in year-over-year growth for our Application development and other emerging technologies," said Jim Whitehurst, President and Chief Executive Officer of Red Hat. "Digital transformation and hybrid cloud computing are changing how applications are built, deployed, and managed. As organizations adopt agile application development technologies such as Linux containers, they are able to rely on Red Hat as their strategic partner to modernize their infrastructure and application development platforms.” “In the second quarter, we continued to benefit from solid demand and strong overall execution,” stated Frank Calderoni, Executive Vice President, Operations and Chief Financial Officer of Red Hat. “We continued to close a record number of deals over $1 million in our second quarter, which are up more than 60% year over year. This further demonstrates our customers’ commitment to Red Hat and the broad demand for our expanding technology portfolio as enterprises embrace digital transformation and the hybrid cloud."

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