Red Hat Succeeds At Becoming $2B USD Open-Source Firm
Written by Michael Larabel in Red Hat on 23 March 2016 at 08:28 AM EDT. 34 Comments
RED HAT --
Red Hat has become the first open-source focused company to have two billion dollars in annual revenue.

Red Hat was expecting a few months ago they'd be able to break $2B USD in annual revenue and they've now succeeded -- merely four years after they became a billion dollar open-source firm.

More companies moving to the cloud have been a big help to Red Hat's stellar financial performance. More details on Red Hat's two billion dollar milestone can be found at Fortune.com.
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Michael Larabel is the principal author of Phoronix.com and founded the site in 2004 with a focus on enriching the Linux hardware experience. Michael has written more than 10,000 articles covering the state of Linux hardware support, Linux performance, graphics drivers, and other topics. Michael is also the lead developer of the Phoronix Test Suite, Phoromatic, and OpenBenchmarking.org automated benchmarking software. He can be followed via Twitter or contacted via MichaelLarabel.com.

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