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Red Hat At $1 Billion   
Wednesday, December 01 2010 @ 12:58 AM CST
Contributed by: Linegod

General NewsBased on the run rates of the current quarter, Red Hat will likely reach $1 billion in annual revenue in 2011. Only a handful of companies, probably less than 20 software firms, have ever hit this milestone. Red Hat will be the first open source-focused company to break the billion dollar barrier.

Read the full thing at http://blogs.forbes.com/ciocentral/2010/11/30/red-hat-at-1-billion/


As a sidebar, a local Telco just hit $1 Billion a year ago or so.

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