Red Hat: on track to become a billion dollar open source software company

Amid all the reports about Red Hat's very strong performance in the second quarter ending 31 August, only one site seems to have picked up on an intriguing comment made by the vendor's CEO Jim Whitehurst in the statement accompanying the results announcement.

Slashdot quite right draws attention to Whitehurst's suggestion that Red Hat will have reached an important milestone by the end of its current fiscal year (end of February 2012). "We believe Red Hat remains well positioned to finish fiscal 2012 as the first billion dollar open source software vendor," he stated.

Sounds pretty impressive all right and a concrete endorsement of the open source software philosophy. The next big question, assuming Red Hat makes it, is who will do it next? Assuming, that is, anyone else can.

This was first published in September 2011

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