Open Source Hybrid Cloud Sends Red Hat Past $2B Revenue Mark for 2016

Posted by Mcusanelli on Mar 24, 2016 2:59 PM EDT
www.thevarguy.com; By Chris Tozzi 		Mail this story
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Red Hat reported $2.05B in annual revenue for fiscal year 2016, a new mile stone for an open source company, which reflects open source hybrid cloud growth.

If there was any question about just how profitable an open source business can be, Red Hat (RHT) answered it this week by releasing financial reports that show it has become the first open source company to cross the $2B revenue threshold.

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