September 24, 2009, 10:09 am
The big money software companies, like Microsoft, still rely on proprietary software for their profits. Things are changing, though. While businesses like Microsoft and Sun are seeing their profits and growth decline, pure open-source play companies like Red Hat are actually gaining customers and profits in a down economy.
Take Red Hat for example. In Red Hat's latest quarter, which ended on August 31st, the company reported higher than expected revenue and profits. "Profits minus one-time expenses and including a 4-cent per share tax benefit hit $39.4 million, or 20 cents per share, up more than 30 percent from 2008."