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Red Hat: The first billion dollar Linux company has arrived -
2012-03-29 18:03:36 GMT
"Depending on how you look at these things, Red Hat has long been a billion dollar company. With a market cap of almost $10-billion dollars, Red Hat, the biggest of Linux companies, has long been open-source’s shiniest success story. The gold standard of business success, though, is making a billion dollars in revenue in a single fiscal year and Red Hat has just pulled this feat off. ... Remember when people used to talk about how you couldn’t make money from Linux and open-source software? About how you couldn’t make money by “giving” things away? Recall, Bill Gates in 1999 saying “We think of Linux as a competitor in the student and hobbyist market but I really don’t think in the commercial market we’ll see it in any significant way.” Funny, you don’t hear much of that nonsense anymore."
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