Red Hat Drives IBM’s Software Growth, Stock Slips on Weak Infrastructure Business Revenue

By Panos Mourdoukoutas IBM’s software revenue growth accelerated in the third quarter owing to a strong showing in Red Hat’s revenues. Software revenue came at $6.5 billion, up 9.6 percent at constant currency, driven by a 14 percent jump in Red Hat revenues, up from 8 percent in the second quarter. Red Hat, a provider of […]