2011 is already looking to be a good year for enterprise Linux vendor Red Hat, which is looking forward to a new release of its flagship product, new customer tools, and a profitable partnership with Cisco, which allows its Unified Computing System (UCS) to be deployed on Red Hat’s wares.
The past year has been a good one for Linux vendor Red Hat, and as it looks forward to its fiscal 2011, the outlook remains strong. That’s due at least in part to new customer wins and partnership initiatives the enterprise Linux player unveiled this week.
Red Hat is set to report its first-quarter fiscal 2011 earnings today after market close. The earnings report comes during the Red Hat Summit, where the open source software vendor is hosting customers and partners to discuss their latest innovations.
For Red Hat’s first quarter fiscal 2011, Wall Street analysts project earnings of $0.18 per share, according to Thomson Reuters. Company executives’ own earlier guidance during Red Hat’s fourth-quarter fiscal 2010 analyst call provided revenue projections in the range of $202 million to $204 million.
Among the growing areas of Red Hat’s business is its JBoss middleware division, which Red Hat acquired in 2006 for $70 million. This week during the Red Hat Summit, Red Hat announced that NYSE Euronext is a customer and user of JBoss Enterprise Middleware, although it did not disclose what the value of the NYSE Euronext JBoss deal.