Enterprise Revenues Power Red Hat Past $2bn Barrier

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Red Hat is in the enviable position of having become the first open-source firm to break the $2bn revenue barrier. The Linux spinner has reported full-year revenue $2.05bn, an increase of 14 percent from subscriptions, training and services. Net income was up 10 percent to $199m.

For its fourth quarter Red Hat reported $543m in revenue – growing 17 percent year on year – with net income of $53m, up 11 percent on 2015.

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