Red Hat Becomes World S First Ever 2 Billion Open Source Company Techworm
Open-source software like Linux allows the developers to access the basic source code and customize it if need be. That process frowned upon in the proprietary software world where source code is a closely guarded secret. Red Hat reported after the markets closed Tuesday that revenue for the quarter that ended February 29 increased 17 percent to $544 million compared with a year ago. Subscription revenue hit $480 million (£338m), up 18 percent year-over-year, accounting for around 88 percent of Red Hat’s total revenue....