“The company’s cloud business hasn’t been able to make up for declining sales in its services, hardware, and financing businesses."
Eric Shander, who had been with the software firm since 2015, helped guide it through its acquisition by IBM.
The deal includes the Lotus Notes, Domino, and Portal products that were at one time major contributors to IBM's enterprise business.
After five strong quarters where the enterprise software firm beat and raised estimates, "it came back to earth a bit," one analyst says.
The new finance chief is leveraging his technology experience at IBM to further a business transition by the open-source software provider.
HanesBrands, Red Hat, Armstrong Flooring, Jack in the Box, Devon Energy, CIT Group, Pangea Logistics, TriNet, USA Truck, HomeStreet
Pitney Bowes, FARO Technologies, Red Robin, Cliffs Natural Resources, Inventus Power, Red Hat, Bunge, Employers Holdings, Harte Hanks, Amedisys
Significantly lowering the corporate tax rate is among four recommendations by Red Hat CFO Frank Calderoni.
Aflac, Red Hat, Digital River, 99 Cents Only, Dollar General, Edible Arrangements, Ryland Group, Brookdale Senior Living, Macquarie, Northwest Natural Gas
Cloud computing companies have been working to patch the bug, which could be used by hackers to take control of cloud netwworks.
Could you tolerate a customer that took more than 200 days to pay their invoice? Many suppliers to large companies do.
Charlie Peters, a finance chief since age 31 in 1985, is on a wild growth ride with the open-source software company. The biggest problem: managing the growth.
