RedHat became the first open-source company with $2 billion in revenue

RedHat became the first open-source company with $1 billion in revenue four years ago. Now it becomes the first open-source company with $2 billion in revenue, with its market value exceeding $13 billion. RedHat's fourth quarter revenue was $0.544 billion, up 17% year-on-year, and service order costs were $0.48 billion, up 18% year-on-year. Its subscription service accounts for 88% of its total revenue, with a total revenue of $2.05 billion last year. RedHat's revenue mainly comes from providing support services to enterprises. Its software is basically free, and it is the main tool for Linux kernel development.

Red Hat became the first open-source company with $1 billion in revenue four years ago. Now it is the first open-source company with $2 billion in revenue, with a market value of more than $13 billion. Red Hat's revenue in the fourth quarter was $0.544 billion, up 17% year-on-year, and the service order fee was $0.48 billion, up 18% year-on-year. Its subscription service accounts for 88% of its total revenue, with a total revenue of $2.05 billion last year. Red Hat's revenue mainly comes from providing support services to enterprises. Its software is basically free of charge. It is a major contributor to Linux kernel development and employs a large number of kernel developers, centOS is one of the most popular server releases.

For more information about RedHat, see RedHat topic page http://www.linuxidc.com/topicnews.aspx? Tid = 10

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