I've said it before: open source needs Red Hat to succeed. Fortunately for those of us in the open source world, it has/is/will. As can be seen in its latest earnings announcement, Red Hat is proving that you can make a lot of money by giving software away.
Total revenue for the quarter was $118.9 million, an increase of 42% from the year ago quarter and 7% from the prior quarter. Subscription revenue was $103.0 million, up 44% year-over-year and 7% sequentially.
Net income for the quarter was $16.2 million, or $0.08 per … Read more