Red Hat revenues rise but not enough for Wall Street
Found on The Register on Thursday, 28 March 2013
Though the earnings saw big increases year-over-year, they were slightly below Wall Street's expectations of revenues of $349.4m, causing a 7 per cent slump in the share price.
Red Hat is previewing a version of OpenStack for enterprise customers at the moment, and plans to eventually release a commercial version, allowing the company to apply the same tactics to OpenStack that it so successfully applied to Linux.
That's all the Wall Street cares about: numbers, numbers, numbers. The higher the better. Short sighted thinking like that favors empty promises which are made to increase expectations with nothing but hot air. If the bubble bursts it's not a problem for the manager because he already has moved to another company.