Red Hat becomes the first Linux company to be worth over a billion dollars (edit for clarity: I meant take in over a billion dollars in revenue) with $1.13 billion in revenue last year.
Red Hat, Inc. is an open source software company based in Raleigh, North Carolina. The company’s identity is primarily with their current flagship product, Red Hat Enterprise Linux — and a Cornell University lacrosse hat. The company also sponsors and holds liability over the Fedora Project which counterbalances Enterprise Linux by providing a free and community-supported operating system.
Just for clarification, that’s a rich penguin, not a rich drake.
Red Hat reported earnings of $1.13 billion dollars in revenue with $146.6 million in earnings. Subscriptions of Red Hat Enterprise Linux were declared responsible for $965.6 million dollars of their total revenue.
ZDNet has also reported that Linux is progressively eating market share from UNIX and Windows for servers shipped with preinstalled operating systems. Red Hat and other Linux vendors are progressively getting more of the same treatment as Microsoft has enjoyed in the past.
The future is bright for Linux, which is unfortunate due to the hole in the Ozone layer over Antarctica. Maybe the rest of the $1.13 billion is sales of sunscreen?