Red Hat At $1 Billion
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Based on the run rates of the current quarter, Red Hat will likely reach $1 billion in annual revenue in 2011. Only a handful of companies, probably less than 20 software firms, have ever hit this milestone. Red Hat will be the first open source-focused company to break the billion dollar barrier. Certainly Richard Stallman did not envision this when he created the paradigm of Free Software. Such an event may be more in tune with what Eric Raymond, Tim O’Reilly, and others had in mind when they reframed Free Software as Open Source.
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