Red Hat hits $1 billion in revenue, a milestone for open source

Red Hat дўпўRed Hat today announced that it has crossed the billion-dollar mark in revenue, with $1.13 billion in the fiscal year that ended February 29.

Red Hat is unique in becoming the first vendor of its size to make all or nearly all of its money from building, maintaining, and selling open source software. We examined the company's long journey in the recent article, "How Red Hat killed its core product—and became a billion-dollar business." Red Hat's quarterly earnings announcement today shows that the company did cross a billion, as expected, with $297 million in fourth quarter revenue, up 21 percent over the previous year's fourth quarter.

For the entire 12 months ending Feb. 29, Red Hat pulled in $965.6 million in subscription revenue, and $167.5 million in training and services, for a 25 percent year-over-year improvement. Net income was $35.97 million for the quarter and $146.6 million for the full 12 months. Linux Foundation Executive Director Jim Zemlin praised Red Hat in a blog post today, saying "This achievement will finally put to bed the argument that 'nobody can make money with open source.'"

Red Hat is most famous for Red Hat Enterprise Linux along with its contributions to the Linux kernel, but the company builds and sells many enterprise software products in addition to its flagship distribution. As we noted in our previous story, the only Red Hat technology that hasn't been completely released under open source licenses is the OpenShift platform-as-a-service software, which is based largely on the 2010 acquisition of Makara. Red Hat has good news on that front too—the source code for the core technology behind OpenShift will be released on April 30.

Source: Ars Technica

Tags: Linux

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Apple might be looking to trial the feature on the iPad before iPhone
 
Toshiba, which released the world’s first 14TB nearline 3.5-inch and 26.1mm-height HDDs with 9-disk
 
The new Windows 10 browser will run on the Chromium engine
 
PCI-SIG will be able to meet its goal of doubling bandwidth—from 16 GT/S to 32 GT/s—in a record less than two years
 
The regular S10 will sport a 6.1-inch panel with the same front-facing camera design
 
Device-draining downloader used for ad fraud could have recovered other malicious files
 
Google Play Services will deprecate the aging OS in newer releases
 
The new 64-bit version of Firefox will be optimized to run on these computers for better performance
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
      1
2345678
9101112131415
16171819202122
23242526272829
3031     




Poll

Do you use microSD card with your phone?
or leave your own version in comments (11)