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Red Hat becomes the world’s first billion-dollar Linux developer
With $297 million in sales in the fourth quarter alone, Red Hat became the first open-source company in history to post over $1 billion in revenue for a single fiscal year on Wednesday. Unlike rival developers like Canonical, which releases its “Ubuntu” Linux distribution for free, Red Hat uses an annual subscription model for distribution of its creations. That model allows for more accurate revenue projections, giving the company the ability to project that they’d hit $1 billion in revenues way back in June of last year.  (Photo by Jared Smith) source
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With $297 million in sales in the fourth quarter alone, Red Hat became the first open-source company in history to post over $1 billion in revenue for a single fiscal year on Wednesday. Unlike rival developers like Canonical, which releases its “Ubuntu” Linux distribution for free, Red Hat uses an annual subscription model for distribution of its creations. That model allows for more accurate revenue projections, giving the company the ability to project that they’d hit $1 billion in revenues way back in June of last year.  (Photo by Jared Smith) source

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March 28, 2012 // 18:06 // 2 years ago
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    Their offices are right across...street. Hopefully they will start throwing money out
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