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4-Traders Homepage  >  Equities  >  Nyse  >  Red Hat Inc    RHT

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RED HAT : Powers $2.5 Million in Cost Savings for Santos

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06/14/2011 | 02:05pm CEST

Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that Santos, a leading supplier of oil and gas for Australia and Asia, has achieved cost savings of $2.5 million with Red Hat Enterprise Linux. In addition, the energy pioneer has gained greater stability and faster performance, helping the company reduce its global carbon footprint.

With more than 5,000 staff and headquartered in Adelaide, Southern Australia, Santos delivers a high-performing business through strong oil and gas production in the Asia-Pacific region. In 2009, Santos was tasked with finding a new application delivery system that would improve performance and reduce cost. With a complex environment to manage, an increase in data, mounting licensing costs and a deficiency in support, Santos sought out a direct replacement for its main proprietary thin client system in order to avoid the license outlay and the cost of replacing its workstations. After extensive investigation, Santos turned to Red Hat Enterprise Linux and an open source thin client solution, and has been reaping the rewards since the migration.

"For what we need, Red Hat Enterprise Linux was always going to be the underlying system for us, both from a development and production environment perspective," said Andy Moore, IS Manager, Santos. "Red Hat has been a platform of choice for the oil and gas industry for some time because it's a preferred development platform for the major geoscience software vendors."

In addition to achieving immediate savings, Red Hat technology has allowed Santos' highly valued geoscientists the ability to perform their jobs more efficiently, making them more productive as the company looks to increase its oil and gas reserves. Additional benefits also include a reduction of more than 300,000 KWh in environmental power per year, reduced office cooling requirements and a reduced carbon footprint through workstation removal.

"Red Hat has been a refreshing change for Santos because it immediately delivered a faster, cheaper, and more stable platform, but it also offered many other operational benefits that quickly became apparent," said Moore. "Necessity is the mother of invention and we managed to come up with the solution that would simplify administration, boost performance, lower costs, add functionality, improve security, and even save power, all in one open source step -- a huge success all round. Introducing Red Hat has really provided us with a win-win situation."

To learn more about how Santos is using Red Hat technology to be a high-performing organization, read the full case study at www.redhat.com/customersuccess.

For more information about Red Hat, visit www.redhat.com. For more news, more often, visit www.press.redhat.com.

About Red Hat, Inc.

Red Hat, the world's leading provider of open source solutions and an S&P 500 company, is headquartered in Raleigh, NC with over 65 offices spanning the globe. CIOs ranked Red Hat as one of the top vendors delivering value in Enterprise Software for seven consecutive years in the CIO Insight Magazine Vendor Value survey. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with virtualization, applications, management and Services Oriented Architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: http://www.redhat.com.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending, the effects of industry consolidation, uncertainty and adverse results in litigation and related settlements, the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Annual Report on Form 10-K (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as the earthquakes and related events in Japan. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Red Hat, Inc. Red Hat, the Shadowman logo and JBoss are registered trademarks of Red Hat, Inc. in the U.S. and other countries. Linux is a registered trademark of Linus Torvalds.

Red Hat, Inc.
Karin Bakis, 978-392-1096
[email protected]


© Business Wire 2011
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Financials ($)
Sales 2018 2 746 M
EBIT 2018 640 M
Net income 2018 295 M
Finance 2018 1 684 M
Yield 2018 -
P/E ratio 2018 52,44
P/E ratio 2019 44,47
EV / Sales 2018 5,13x
EV / Sales 2019 4,45x
Capitalization 15 781 M
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Average target price 94,7 $
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