Friday, September 30, 2005

Fri - Red Hat has strong Q2

Red Hat, a leading open source software and services vendor has just announced a strong Q2 and has increased their revenue and earnings guidance for fiscal 2006. They exclaimed that the open source software movement is one of the few high growth areas of the corporate software sector.

They may not be that far wrong. Open source software should start to see its day dawn. We expect that 2006/2007 will see open source become more main stream amongst corporate and government buyers. Not so good for Microsoft, but good for leading open source vendors such as Red Hat and Novell.

No comments: