SlideshowRed Hat Speeds Toward $3B in Revenue Thanks to Cloud

Banking on cloud
(Source: Red Hat)
Banking on cloud
(Source: Red Hat)

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Michelle
50%
50%
Michelle,
User Rank: Light Sabre
12/31/2017 | 11:32:08 PM
Re: RHT
Or a time machine...

That kind of an increase isn't common, right? 
kq4ym
50%
50%
kq4ym,
User Rank: Light Sabre
12/26/2017 | 8:50:41 AM
Re: RHT
If we only had a crystal ball, wouldn't all our stock picks be great. But nonetheless, Red Hat seems to be on a streak here with "operating income of $118 million, a 47% increase," nothing to sneeze at. I wonder how much the collaborations with Alibaba Cloud is helping the numbers, which one might guess will be increasing over time with that giant company moving the cloud business ahead.
Ariella
50%
50%
Ariella,
User Rank: Light Sabre
12/20/2017 | 7:21:22 PM
Re: RHT
@danielcawrey well, if they would not make money on it, it wouldn't be sustainable. So they have to plan to keep it profitable. 
danielcawrey
50%
50%
danielcawrey,
User Rank: Light Sabre
12/20/2017 | 6:55:10 PM
Re: RHT
Good to see a company like Red Hat embracing enterprise open source. I know that's always been their motto, but great to see them advocating for this type of technology. And since they make money doing it, I think that's postivie for the community. 
Ariella
50%
50%
Ariella,
User Rank: Light Sabre
12/20/2017 | 9:58:17 AM
RHT
<In terms of GAAP net income, Red Hat Inc. (NYSE: RHT) posted $101 million or $0.54 per share compared to $68 million or $0.37 per share a year ago.>

That's a most respectable increase. It would have been a good investment -- unlike the stocks I select that tend to plummet within months of purchase. 
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