Red Hat, a computer software provider, recorded 24% of losses in its earnings, because of the announcement by Oracle that it cut down its prices.
Oracle is the second biggest computer software provider in the world, and this movement is a competitive way for Red Hat.
Red Hat has been getting money from service and support to its customers. However, Oracle, the competitor of Red Hat, declared that it gives services to Red Hat’ products with half price compared with that of Red Hat.
Although Red Hat insisted the security risks for its users can be increased and compatibility can be damaged, the market price of Red Hat has been decreasing.
Jason Maynard of Credit Suisse pointed out that Red Hat’s customers have benefits that they can save their money and get well-organized services from Oracle.
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