CEO Jim Whitehurst is bragging that Red Hat’s (NYSE:RHT) Linux OS is a prevalent pick for cloud server deployments. Red Hat adds its tools and applications to Linux, such as Java Enterprise Edition deployment tools. He also states Microsoft’s (NASDAQ:MSFT) cloud offerings are a little late. This comes after strong FQ2 results and raising its FQ3 and FY12 predictions.
Whitehurst said, “Developers have in general moved past the Microsoft stack. If you go to Silicon Valley and talk to any venture capitalist, and talk to any startup about what are they running on, they’re running on an open-source stack. Certainly, they [Microsoft] have made progress with what they are doing, but the world has moved on, on the development side, to open source platforms. So many other companies are falling all over themselves to say they are open source, including VMWare (NYSE:VMW), and others. But as far as Microsoft, that ship has sailed.”
Red Hat’s stock is up 2.98% to $41.49 on the news. Shares are down 9.11% year to date. The stock has traded in a 52-week range between $31.77 and $49.00.