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Red Hat Software

+ - Red Hat Nears $1 Billion, Closing Door on Clones->

Submitted by darthcamaro
darthcamaro (735685) writes "Red Hat almost at its goal of being the first pure play open source vendor to hit $1 Billion in Revenues. Red Hat reported its fiscal 2011 revenues this week which hit $909 million. Going forward Red Hat has already taken steps to protect its business by changing the way it packages the Red Hat Enterprise Linux 6 kernel, making it harder for Oracle to clone.

"We are the top commercial contributor to most of the components of the Linux kernel and we think we have a lot of value and we want to make sure that, that value is recognized," Red Hat CEO Jim Whitehurst said. "In terms of competition, I don't think we necessarily saw anything different from before but I'd say better to close the barn door before the horses leave than afterwards."

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Red Hat Nears $1 Billion, Closing Door on Clones

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