IBM Beats Q2 Estimates, Sees Cloud Growth
“Our clients see the value of IBM’s hybrid cloud platform, based on open technologies, at a time of unprecedented business disruption."
IBM Sales Slump for Fifth Straight Quarter
“The company’s cloud business hasn’t been able to make up for declining sales in its services, hardware, and financing businesses."
Red Hat Fires CFO Over Workplace Standards
Eric Shander, who had been with the software firm since 2015, helped guide it through its acquisition by IBM.
IBM Sells Software Products to HCL for $1.8B
The deal includes the Lotus Notes, Domino, and Portal products that were at one time major contributors to IBM's enterprise business.
Red Hat Shares Dive on Disappointing Guidance
After five strong quarters where the enterprise software firm beat and raised estimates, "it came back to earth a bit," one analyst says.
Red Hat CFO Pursues Cloud Agenda
The new finance chief is leveraging his technology experience at IBM to further a business transition by the open-source software provider.
CFOs on the Move: Week Ending April 21
HanesBrands, Red Hat, Armstrong Flooring, Jack in the Box, Devon Energy, CIT Group, Pangea Logistics, TriNet, USA Truck, HomeStreet
CFOs on the Move: Week Ending Dec. 23
Pitney Bowes, FARO Technologies, Red Robin, Cliffs Natural Resources, Inventus Power, Red Hat, Bunge, Employers Holdings, Harte Hanks, Amedisys
Major Reform Needed to Boost Investment in U.S.
Significantly lowering the corporate tax rate is among four recommendations by Red Hat CFO Frank Calderoni.
CFOs on the Move: Week Ending June 26
Aflac, Red Hat, Digital River, 99 Cents Only, Dollar General, Edible Arrangements, Ryland Group, Brookdale Senior Living, Macquarie, Northwest Natural Gas
‘Venom’ Bug Found in Virtual Machine Software
Cloud computing companies have been working to patch the bug, which could be used by hackers to take control of cloud netwworks.