From the economic rubble, open source will emerge stronger
Red Hat president and CEO Jim Whitehurst expects the enterprise open source software business to emerge from the economic crisis stronger than the proprietary market.
In August Red Hat posted second quarter revenue 29 percent higher than the same quarter a year ago, while its subscription revenue also enjoyed double-digit growth to beat analysts’ estimates. Whitehurst said that while predictions of a recession will likely mean fewer new projects, the economic benefits of going open source are already encouraging proprietary customers to switch.
Red Hat CEO: From the economic rubble, open source will emerge stronger | Computerworld
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