Only four years ago, Red Hat had become the firstLinux companyto cross the $1 billion mark.
That process frowned upon in the proprietary software world where source code is a closely guarded secret.
Correspondingly, subscription revenue from infrastructure-related products grew 15 percent to $391 million in the quarter.
tool development-related subscriptions grew an eye-popping 38 percent.
Adjusting for currency fluctuations, the gains were even greater.
Looking ahead for its 2016 FY Red Hat expects to see between $2.380 billion to $2.420 billion.
At this rate, Red Hat should easily become the first $3 billion open-source company.
source: www.techworm.net
