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Red Hat Inc  (RHT)
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 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 187
 Employees 7,300
 Revenues (TTM) (Millions $) 3,483
 Net Income (TTM) (Millions $) 462
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 84

Red Hat Inc
Red Hat Inc. is a multinational software company founded in 1993 by Bob Young and Marc Ewing in Durham, North Carolina, United States. The company is a leading provider of open source solutions, including Linux operating systems, cloud infrastructure, middleware, management, and storage solutions. Red Hat's primary focus is on developing and distributing enterprise-grade software solutions that are built on open source technologies.

The company's flagship product is Red Hat Enterprise Linux (RHEL), which is one of the most widely used operating systems in the world, providing a secure, flexible, and stable platform for enterprise applications. The Red Hat OpenShift cloud computing platform is also a key product, which enables developers to create, deploy and manage applications in a hybrid cloud environment.

Red Hat is recognized as a leader in the open source community, contributing significant resources to the development of open source technologies. The company is also a member of numerous open source organizations and initiatives, including the Linux Foundation and the OpenStack Foundation. In addition, Red Hat regularly works alongside other tech giants such as Microsoft, Google, and Amazon, to help shape the direction of the industry.

Red Hat has a global presence with more than 12,000 employees spread across 35 countries. The company's revenue primarily comes from its subscription-based business model. This model focuses on providing services such as technical support, training, and consulting in addition to license sales, giving customers a comprehensive solution for their IT needs.

In October 2018, Red Hat announced that it would be acquired by IBM for $34 billion. This acquisition marked a significant milestone for both companies, with IBM looking to expand its cloud computing capabilities, and Red Hat benefiting from IBM's extensive resources and long-standing reputation in the industry.

Overall, Red Hat Inc. is a highly respected technology giant that has revolutionized how businesses operate using open source technologies, and continues to be at the forefront of the industry's technological advancements.


   


Customers Net Income fell by RHT's Customers Net Profit Margin grew to

-1.96 %

9.12 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AAPL        0.28% 
CSCO   -1.6%    
HPQ   -1.84%    
IBM   -3.08%    
INTC   -5.59%    
MSFT        0.49% 
• View Complete Report
   



Phi Group Inc

Phi Group Inc Faces Financial Challenges: Q4 2023 Report Reveals Declining Revenue and Net Shortfall



Phi Group Inc, an Internet Services and Social Media company, has recently released its financial report for the October to December 31, 2023 period. The results are nothing short of abysmal, indicating a significant decline in revenue and net shortfall compared to the previous year. Moreover, the substantial stock price drop in March 2024 and the stock's continuous decline over the past year are alarming signs of an underlying issue. This article aims to delve into the reasons behind Phi Group Inc's dismal performance and provide insight into the bearish outlook for the company.
1. Declining Revenue and Net Shortfall:
Phi Group Inc revealed only $0.005 million in revenue for the October to December 31, 2023 span. This figure signifies a worrisome decline compared to previous periods, creating doubts about the company's ability to generate consistent income. Adding to this concern is the substantial net shortfall of $-1.712 million, which is significantly larger than the $-0.617 million reported a year ago. This indicates that Phi Group Inc is struggling to effectively manage its financial resources, leading to significant losses.

Gan Limited

Gan Limited Faces Challenges as Fourth Quarter 2023 Earnings Show Decrease in Revenue

Gan Limited, a leading North American B2B technology provider and International B2C operator in the gaming industry, has reported its unaudited financial results for the quarter and year ended December 31, 2023. The results show a decrease in revenue compared to the previous year, but also highlights the company's efforts to reduce its deficit per share and its growth potential under new leadership.
In the financial interval ending December 31, 2023, Gan Limited reported a loss of $0.21 per share, an improvement from $3.45 loss per share in the previous year. However, there was a slight increase in deficit from $0.18 per share in the prior reporting season. The company's revenue also declined by 16.867% to $30.72 million from $36.95 million in the comparable reporting season a year ago, but sequentially it saw a 3.012% surge from $29.82 million.

System1 Inc

System1 Inc Faces Financial Challenges in Fourth Quarter of 2023

System1 Inc, an omnichannel customer acquisition marketing platform, recently released its financial report for the fourth quarter of 2023. The company experienced a significant decrease in its returns, with a loss of $0.31 per share compared to a gain of $0.92 per share in the previous year. This decline follows a loss of $1.40 per share in the prior financial reporting period. Likewise, the company's net loss for the period from October to December 2023 amounted to $34.955 million, contrasting with net proceeds of $97.676 million in the same period the year before.
Operating earnings also took a hit, falling by 92.26% to $8.773 million, resulting in a considerable decrease in System1 Inc's operating margin from 94.54% in the fourth quarter of 2022 to -934.29%. The company's accounts receivable declined to $56.1 million, which some analysts attribute to slowing demand.

Rackspace Technology Inc

Rackspace Technology Inc. Takes Bold Steps to Strengthen Financial Position Amid Revenue Decline



In a recent update, Rackspace Technology, a leading end-to-end hybrid, multicloud, and AI solutions company, has made significant announcements regarding offers to eligible holders for the exchange and funding of its existing senior secured notes. These strategic moves aim to enhance the company's financial position and support its growth objectives, assuring investors of a sound future despite some recent turbulent financial results.
Financial Performance:
Despite a decline in revenue during the fiscal fourth quarter of 2023, Rackspace Technology managed to achieve a remarkable turnaround by posting an impressive earnings per share (EPS) of $0.13, as opposed to a previous $-1.00 deficit. In comparison to the same quarter the previous year, revenue deteriorated by 8.513% to $720.00 million from $787.00 million. It is important to note that this drop in top-line revenue is in contrast to the rest of the Internet Services and Social Media industry, which witnessed a revenue rise during the same period.

Baidu Inc

Baidu Inc. Surpasses Expectations with Strong Fourth Quarter Performance

The financial results for the October to December 31, 2023 period for Baidu Inc showcase a strong performance with a significant increase in both revenue and net earnings. The company reported a revenue growth of 5.728% to $18.96 billion compared to $17.93 billion in the same quarter a year ago. Additionally, the bottom-line saw a remarkable increase of 178.02% to $3,036.000 million from $1,092.000 million in the previous year.
Moreover, Baidu Inc highlighted the improvement in profit margins, with the net margin rising to 16.01% and the operating margin edging up to 16.24%. Although the operating earnings improved by 33.42% to $3,078 million, the top-line rise was slightly below the industry average at 15.44%.






 

Red Hat Inc's Segments
 
Americas
 Segment     of total Revenue
Other foreign
 Segment     of total Revenue
Asia
 Segment     of total Revenue
Subscriptions
 Segment     of total Revenue
Training services
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Red Hat Inc does not provide revenue guidance.

Earnings Outlook
Red Hat Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Asia
EMEA




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