Red Hat’s open source model thriving in downturn
While some might argue that it’s too early to call, Red Hat’s open source model seems to be paying dividends despite the soft economic climate. Could penny-pinching managers looking for cheap solutions be a boon to the open source industry?
Red Hats revenue grew 22 percent to $165.3 million in the third quarter over the same period last year. This resulted in net income of 24 cents per share, which beat Analysts’ expectations of 18 cents a share.
Red Hat’s open source model thriving in downturn | TECH.BLORGE.com
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