The global economic downturn has compelled a growing number of companies to search for ways to reduce IT costs. Uptake of open source software is climbing in this environment, which means more opportunities for the companies that have built their businesses around the open source Linux platform.
Red Hat, one of the most prominent commercial Linux vendors, reported its quarterly earnings Thursday and revealed that its total annual revenue was $652 million, an increase of 25 percent over the previous year. Subscriptions to Red Hat's commercial support service, which accounts for $541 million of that revenue, were up 20 percent. Red Hat CEO Jim Whitehurst, a former Delta Airlines COO who joined Red Hat in 2007, cites the recession as a factor that has contributed to the company's success.
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