Based 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.