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IBM Results Red Hat
Red Hat Enterprise Linux jumps on IBM Power Systems
Red Hat and IBM have expanded their partnership with Red Hat Enterprise Linux support on IBM Power Systems. The move will enable users to deploy and manage their workloads on IBM Power Systems using the latest Red Hat Enterprise Linux distribution. IBM Power Systems are designed to provide high performance and scalability for enterprise workloads, and Red Hat Enterprise Linux is one of the most widely used Linux distributions in the world. This partnership will make it easier for users to take advantage of the benefits of both platforms.
IBM Results Red Hat
IBM has reported its financial results for the fourth quarter and full year of 2022, showing strong growth in its Red Hat business. Red Hat revenue grew by 19% in the fourth quarter and by 18% for the full year, driven by strong demand for its hybrid cloud and open source products. IBM acquired Red Hat in 2019 for $34 billion, and the acquisition has been a key part of IBM's strategy to shift to a hybrid cloud model. IBM has been investing heavily in Red Hat, and the results of this investment are now starting to show.
Expansion of Partnership
IBM and Red Hat are expanding their partnership to bring Red Hat Enterprise Linux to IBM Power Systems. This will allow users to deploy and manage their workloads on IBM Power Systems using the latest Red Hat Enterprise Linux distribution. IBM Power Systems are designed to provide high performance and scalability for enterprise workloads, and Red Hat Enterprise Linux is one of the most widely used Linux distributions in the world. This partnership will make it easier for users to take advantage of the benefits of both platforms.
Growth of Red Hat Business
IBM has reported its financial results for the fourth quarter and full year of 2022, showing strong growth in its Red Hat business. Red Hat revenue grew by 19% in the fourth quarter and by 18% for the full year, driven by strong demand for its hybrid cloud and open source products. IBM acquired Red Hat in 2019 for $34 billion, and the acquisition has been a key part of IBM's strategy to shift to a hybrid cloud model. IBM has been investing heavily in Red Hat, and the results of this investment are now starting to show.