Red Hat appoints new CFO
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Linux distributor Red Hat Inc. has appointed a new chief financial officer following the resignation of former CFO Kevin Thompson and the recent restatement of its revenue after an accounting policy change.
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Credit Suisse made the surprise  appointment of investment banking head Brady Dougan as new  chief executive after posting stronger-than-expected results on  Thursday, sending its shares sharply higher.
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Red Hat Inc. RHAT.O, a Linux  software distributor that in July said it would restate three  years' of financial results, on Thursday named Charles Peters  as chief financial officer.
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OCTOBER 01, 2004  - After his company announced that it&#39;s acquiring security and authentication tools from Netscape Security Solutions to bolster its software arsenal (see story), Red Hat Inc.
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Jan Norman has been appointed new Chief Financial Officer and member of Group Management at Framfab AB, where he will succeed Christian Luiga.
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Company co-founder explains why the Linux company chose the name Red Hat.
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The introduction of a new version of its Linux distribution and new JBoss software helped Red Hat Inc. increase profit to US$16.2 million, or $0.08 a share, on revenue of $118.9 million, in its fiscal first quarter ended May 31, the company reported Wednesday.
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TechWeb - Red Hat's Enterprise Linux operating-system and software subscription sales soared over the past three months, leading the company to strong revenue growth and profits for its fiscal 2005 second quarter.
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Longtime Red Hat CEO Matthew Szulik is being replaced, the company announced on the same day it posted a quarterly revenue gain of 28 percent.James Whitehurst, formerly the COO for Delta Airlines, will take on Szulik&#39;s leadership positions and a seat on the board starting in the new year. Szulik, currently president and CEO, will remain as chairman of the board.Szulik had been Red Hat&#39;s CEO for the past eight years and is one of the most prominent business executives in the open-source world.Whitehurst joins Red Hat as the company works through a transition aimed at helping it compete better with giants like Oracle and Microsoft. The company is best known for its Linux server distribution, but that market is getting increasingly crowded. As a result, Red Hat is trying to reach out into other areas or beef up existing offerings, like its services.Despite the competitive landscape, Red Hat managed to produce solid results for its third quarter ending Nov. 30. It posted revenue of $135.4 million, an increase of 28 percent over the same period last year.Net income reached $20.3 million or $0.10 per diluted share, compared with $14.6 million or $0.07 per diluted share in the corresponding quarter of 2006.The company highlighted its JBoss Advanced Partner Program, launched during the quarter, aimed at offering support services to value-added resources in North America.&#160;Red Hat bought JBoss last year&#160;as part of its efforts to expand its offerings.
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Jeremy Coote gets the boot as new CEO absorbs role.
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Red Hat said it hired the former COO of Delta Airlines to serve as president and CEO.
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Despite the competitive pressures, Red Hat is staying focused on the fundamentals - improving compatibility between Linux and Windows, for instance -- and on some advanced technology the company is starting to introduce to enterprise customers, according to Red Hat's chief technology officer.
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Longtime Red Hat CEO Matthew Szulik is being replaced, the company announced on the same day it posted a quarterly revenue gain of 28 percent.
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The Motley Fool - On Wednesday, Sept. 27, longtime Linux leader Red Hat (Nasdaq: RHAT - News) released Q2 2007 earnings for the period ending Aug. 31, 2006.
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Red Hat Inc. , a Linux software distributor that in July said it would restate three years&#39; of financial results, on Thursday named Charles Peters as chief financial officer.
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Credit Suisse made the surprise appointment of investment banking head Brady Dougan as new chief executive after posting stronger-than-expected results on Thursday, sending its shares sharply higher.
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UK bank Alliance & Leicester names finance director David Bennett as its new chief executive.