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Red Hat makes one billion dollars in open source revenue

Red Hat thanks the extended Linux community for helping to prove that open source is viable as a business, posting revenue of one billion dollars for the last fiscal year

Yesterday, Red Hat announced that they were likely going to post over one billion dollars in revenue, a record and a milestone for any company who deals solely with open source software. Today these hopes were realized not only for Red Hat, but the open source community as a whole.

Posting on the Red Hat blog, President and CEO Jim Whitehurst talked about this victory for open source advocates everywhere:

“Our fight has always been about something greater than just access to software code. The open source movement is rooted in shared values about knowledge; it is founded on ideas that are both ordinary and revolutionary. As members of this community, we elevate transparency over secrecy. We prize freedom rather than control. This is the open source way: sharing ideas and information, contributing to an intellectual commons that leads to greater innovation and benefits us all.”

Whitehurst also laid out plans to donate $100,000 to open source groups that he felt represented the future of the movement, which included Creative Commons, the Electronic Frontier Foundation, Software Freedom Law Center, and UNICEF Innovation labs