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Latin America sales for US Linux provider Red Hat (NYSE: RHT) have expanded an average 50% a year in the last three years thanks to the company's partnerships and channel associates, Red Hat country manager for Chile, Ezequiel Picardo, told BNamericas.
The IT industry's global growth is 10%, and in Latin America this percentage is 25-30%, according to Picardo. As such, Red Hat's rates are "extremely positive. Latin America is one of the fastest growing regions in the world."
Latin America is a key market for Red Hat, not only because of the speed of its growth, but also because of the variety of countries and cultures that give the company a unique opportunity to implement its open source product, he added. "That's why we're doing so well in the region, especially in the middleware business, where there's a really good opportunity for growth."
Red Hat posted a US$32.5mn global net profit for its fiscal 1Q12, ending May 31, up 34.9% from US$24.1mn for the same period a year ago, the company said in a statement.
Total revenue reported for 1Q12 was US$265mn, which represents a 27% year-on-year increase.