Red Hat CEO looks to maintain double-digit growth in second year at helm
https://techcrunch.com/2021/04/27/red-hat-ceo-looks-to-maintain-double-digit-growth-in-second-year-at-helm/
Red Hat CEO Paul Cormier runs the centerpiece of IBM’s transformation hopes. When Big Blue paid $34 billion for his company in 2018, it was because it believed it could be the linchpin of the organization’s shift to a focus on hybrid computing.
In its most recent earnings report, IBM posted positive revenue growth for only the second time in 8 quarters, and it was Red Hat’s 15% growth that led the way. Cormier recognizes the role his company plays for IBM, and he doesn’t shy away from it.