Red Hat forecasts double-digit growth in Latin America in fiscal 2012

- Monday, December 12, 2011

Red Hat forecasts double-digit growth in Latin America in fiscal 2012

US Linux operating systems provider Red Hat (NYSE: RHT) expects to see double-digit growth in Latin America during its fiscal 2012, ending in February, the company's marketing director for Latin America, Alejandro Raffaele, told BNamericas.

"We're having a very solid performance in Latin America," the executive said, adding that regional revenues grew 58% in fiscal 2011.

Raffaele also said Latin America's contribution to the firm's global revenues is above the regional average for IT companies, which is some 3-4%. The executive did not provide hard figures.

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"Our goal is for the region to contribute significantly to the company. I think that this is achievable, as the region is performing well in terms of economic development compared to other territories," Raffaele added.

The largest regional markets for Red Hat are Brazil, Argentina, Mexico, Chile and Colombia, the executive said.

Red Hat is seeing very high adoption of open source technology in Brazil's government segment, where "it's strange to see proprietary software in the public sector in this country," the executive added.

In the private sector, the company is seeing activity in certain verticals across the region such as telecoms and banking, he said.