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Red Hat Crosses $2B in Revenue as OpenStack Cloud Grows

Written By
SMK
Sean Michael Kerner
Mar 23, 2016

Red Hat announced its fourth quarter and full year fiscal 2016 financial results on March 22, becoming the first pure-play open-source vendor to generate over $2 billion in annual revenue. The move to cross the $2 billion threshold comes just four years after Red Hat recorded its first $1billion year back in 2012.
SMK

Sean Michael Kerner

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