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Tech Layoffs Up Over 300% Month-Over-Month In January: 3 Companies With The Most Employees Laid Off So Far In 2024
Wednesday, January 31, 2024 - 3:40pm | 833Read More...After a noticeable declining trend in tech layoffs during the second half of 2023, the trend appears to be reversing. The number of employees laid off in the tech sector increased by 304% in January 2024 as compared to December 2023. Restructuring, cost-cutting, leaner organization, efficiency —...
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IBM Is Getting Ready To Fight For A Place In The Cloud Universe
Tuesday, April 7, 2020 - 1:05pm | 831Read More...It all started when International Business Machines Corporation (NYSE: IBM) joined forces with the open-source software giant Red Hat. The deal was closed in July 2019, after IBM acquired Red Hat for $34 billion. This deal, one of IBM's biggest acquisitions ever, aimed to help the company...
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Red Hat Reports Mixed Q4 Earnings
Monday, March 25, 2019 - 4:28pm | 185Read More...Red Hat Inc (NYSE: RHT) reported a mixed fourth-quarter report after the close Monday. Earnings came in at $1.16 per share, beating estimates by 15 cents. Sales came in at $879 million, missing estimates by $4.85 million. "Enterprise organizations are continuing to move to hybrid cloud...
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IBM To Buy Red Hat In $34B Deal, IT Stocks Surge
Monday, October 29, 2018 - 8:16am | 559Read More...IBM Common Stock (NYSE: IBM) announced it will purchase Red Hat Inc (NYSE: RHT)'s issued and outstanding common shares for $190 per share in cash. The $34 billion deal — the culmination of a 20-year partnership — prompted a 51-percent pop in Red Hat, a 2.7-percent decline in IBM....
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Red Hat CEO Says Q2 Marks Enterprise Linux 'Bottom'
Monday, September 24, 2018 - 10:37am | 460Read More...Open source solutions provider Red Hat Inc (NYSE: RHT) reported second-quarter results klast week that mark "the bottom" of poor performance in its core enterprise Linux operating system business, CEO Jim Whitehurst told CNBC's Jim Cramer. What Happened Red Hat showed a miss...
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Analysts Like Red Hat Post-Earnings
Monday, March 30, 2015 - 10:27am | 428Read More...Red Hat Inc (NYSE: RHT) posted its fourth quarter 2015 earnings results on March 25 after market close, beating Wall Street's expectations. The computer software company has seen sequential growth for the past 52 consecutive quarters and has beaten analysts' estimates for the past 5...
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Red Hat CEO: 'Cloud Adoption Is Happening Faster Than People Thought'
Thursday, March 26, 2015 - 9:28am | 304Read More...Open Source software firm Red Hat Inc (NYSE: RHT) reported its fourth-quarter earnings on Wednesday afternoon, following which shares of the company were trading up in the premarket. Revenues for the fourth-quarter stood at $464 million, up 16 percent year-over-year, while GAAP EPS was $0.26,...
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Red Hat Up 5% After Hours; Beats Q1 Street Views
Wednesday, June 18, 2014 - 4:40pm | 134Read More...Red Hat (NYSE: RHT) rose sharply in after-hours trading after the company beat Wall Street's fiscal first-quarter earnings expectations. The open-source software maker's adjusted earnings rose 3.2 percent to $64 million, or 34 cents a share. from $62 million, or 32 cents a share in the year ago...
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Red Hat Rises 11% After Q3 Earnings Beat
Thursday, December 19, 2013 - 5:48pm | 271Read More...Red Hat (NYSE: RHT) is trading up more than 11 percent in after hours trading after the company announced its third quarter results. The company reported a Q3 EPS of $0.42 versus the Street estimate of $0.35. Earnings per share were up 45 percent from the year-ago period. Revenue arrived at $396...
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Red Hat Q2 Beats Estimates (RHT)
Monday, September 23, 2013 - 4:48pm | 425Read More...Red Hat (NYSE: RHT) has reported a second-quarter EPS of $0.35, beating the Street's estimate of $0.33 by $0.02. Earnings per share were up 25 percent from the same quarter in 2012. Red Hat's revenue came in at $374 million versus the Street estimate of $372.11 million. Sales were up 16 percent...
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Red Hat Jumps on Q1 Results (RHT)
Wednesday, June 19, 2013 - 7:06pm | 215Read More...Linux software vendor Red Hat (NYSE: RHT) released its fiscal first-quarter earnings results after the closing bell on Wednesday. The company reported both earnings per share and revenue that were ahead of Wall Street expectations. In late trading, Red Hat shares were last up almost 4 percent to...
