Who says you can’t make money from Linux? Not Red Hat!
In its 2013 second quarter, Red Hat saw total revenue for the quarter of $374 million. That was an increase of 16 percent in US dollars from 2012’s second quarter. Subscription revenue for the quarter was $327 million, up 17 percent in U.S. dollars year-over-year.
“We are a market leader for new innovations based on open source technologies that are driving the transformation of the data center toward an open, hybrid cloud infrastructure.” stated Jim Whitehurst, Red Hat’s President and CEO during the earnings conference call.