Red Hat Closes in on $1 Billion in Revenue, Closing Barn Door on Rivals

Posted by red5 on Mar 24, 2011 10:37 AM EDT
InternetNews.com; By Sean Kerner 		Mail this story
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Three years ago, Red Hat(NYSE:RHT)CEO Jim Whitehurst predicted that his company would be the first pure play open source vendor to hit $1 Billion in revenues. Red Hat is now nearly there.

The earnings growth comes as Red Hat locks down its Enterprise Linux kernel in an effort to impede competitive efforts.

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