Emerging Tech Growth Proves Red Hat Is Here to Stay in Hybrid Cloud World; Lifting FVE to $145
Narrow-moat Red Hat reported fourth-quarter results that came in well ahead of our expectations, as the firm’s expanding portfolio of hybrid-cloud-enabling technologies continues to prop up subscription growth. While Enterprise Linux remains the firm’s dominant economic driver, Red Hat exited the year with Application Development and Emerging Technology representing more than 25% of subscription revenue in the fourth quarter, yielding 39% growth versus the prior-year period. As Red Hat solidifie...Red Hat is a provider of open source software solutions, using a community-powered approach to develop and provide operating system, virtualization, management, middleware, cloud, mobile and storage technologies. The company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through its certified cloud and service providers. The company's products and services include: Infrastructure-related offerings, which consist of Red Hat Enterprise, Red Hat Satellite, and Red Hat Virtualization; and Application Development-related and Other Emerging Technology Offerings, which consist of Red Hat JBoss Middleware, and Other Emerging Technologies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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