Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Revenue outperformance in the quarter can be attributed to ongoing momentum in the core RHEL segment along with an increase in cross-selling opportunities from emerging technologies and consulting services, Panigrahi noted. In addition, infrastructure-related subscription revenue grew 13.5 percent year-over-year and app development and emerging technologies saw a re-acceleration in revenue growth.
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- Continued adoption of Red Hat Linux for mission-critical workloads.
- Cross-selling opportunities from its emerging technology group to the large installed Linux base.
- Expected demand for OpenStack-based hybrid cloud.
- Large deal renewals expected to begin in the bottom half of fiscal 2018.
Bottom line, Red Hat "pioneered" the open-source model and dominates the Linux operating system market but now has "extended its success to a broad stack of technology for private cloud deployment."
At last check, shares of Red Hat were up 4.56 percent at $110.59.
Related Links:A Tip Of The Cap To Red Hat's Strong Quarter: Sell-Side RoundupA Stellar Q1 For Red Hat ______Image Credit: By Harald Hoyer from Schwerin, Germany - Dripping, CC BY-SA 2.0, via Wikimedia CommonsCrypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.