UPDATED 23:53 EDT / JUNE 30 2016

NEWS

Red Hat showing solid growth; poised for more, analysts say | #RHSummit

As the three days of the 2016 Red Hat Summit drew to a close, theCUBE analysts pointed out that this year’s show brought out a very interesting mix of people as well as ideas. “Going to space,” “helping to cure cancer” and “communication with doctors” were just a few the diverse topics discussed in the various keynotes.

Stu Miniman (@stu) and Brian Gracely (@bgracely), cohosts of theCUBE, from the SiliconANGLE Media team, broke down the event happenings. “… We saw people saying, ‘I’m running mission-critical applications; I’m running banking applications; I’m running transportation applications.’ There was a lot of sense of reality to this show. It was this mix of reality and inspiration,” Gracely stated.

Red Hat’s ‘comfortable’ overall market position

This year’s conference offered ample opportunities for the analysts to evaluate Red Hat’s overall strength in the market, as well as to analyze how the company is poised to compete going forward. Gracely pointed out that Red Hat, Inc. is facing some very strong competition, not only from Docker in the containers market, but also from the Cloud Foundry Foundation in terms of creating an open-source industry standard cloud platform.

Since everything Red Hat does and has ever done is open source, Gracely thinks the company feels right at home competing against anyone on their playing field. “They are who they are, they’re comfortable with who they are, but they’ve got challenges as well as opportunities,” he said.

Miniman echoed that sentiment. “Absolutely. Red Hat is committed to open source,” he said. “It goes back to what Jim Whitehurst [president and CEO of Red Hat] said. They’re not looking to lead [the open-source movement]. They’re looking to catalyze it.”

Watch the complete video interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of the Red Hat Summit.

Photo by SiliconANGLE

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SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

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