Red Hat: The first $1-billion-a-year open source outfit (almost)
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The money just keeps rolling in at Red Hat, and it looks like this year will be even better as the company is poised to become the first open source software company to break through the $1bn mark. In the fourth quarter of fiscal 2011 ended on February 28, the commercial Linux and middleware distributor posted $209.3m in subscription revenues, up 23.7 per cent compared to the year ago quarter. Training and services revenues rose by 32.9 per cent, to $35.5m. Overall sales increased by a flat 25 per cent, hitting $244.8m. (This was better than the $236m at the high end of Red Hat's guidance from three months ago).
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