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Red Hat's Fortunes Rise on Cloud, Virtualization

Red Hat has its eyes on the clouds. Thanks in large measure to a growing business line from its cloud-computing offering, the Linux vendor posted a 20 percent year-over-year increase in revenues for the second quarter of fiscal 2011.

In particular, the company has big plans for its Red Hat Enterprise Virtualization (RHEV) technology, powered by KVM, as well as its work with the Cloud Foundations initiative. Datamation takes a look.

For Linux vendor Red Hat, the road ahead is about looking up to the cloud as it ramps up business efforts to profit from new virtualization and service-oriented initiatives.

Red Hat (NYSE: RHT) reported its second quarter fiscal 2011 financial results this week, posting solid revenue growth across its operating-system and middleware business units.

Read the full story at Datamation:
Red Hat Sees Real Money in Virtualization and Cloud