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Red Hat: Nearing $1 billion in revenue; Not bad for free software

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Linux

Red Hat delivered a strong fourth quarter and is on track to be the first pure play open source company to hit $1 billion in annual revenue.

The open source software provider reported fourth quarter net income of $33.5 million, or 17 cents a share. Non-GAAP earnings were 26 cents a share for the fourth quarter was $244.8 million, up 25 percent from a year ago. Red Hat’s earnings were boosted by 2 cents a share due to a research and development tax credit. Wall Street was expecting earnings of 22 cents a share on sales of $236 million.

For the year ended Feb. 28, 2011, Red Hat reported net income of $107.3 million, or 55 cents a share, on revenue of $909.3 million, up 22 percent from a year ago.

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So basically Bradley Kuhn gave a talk at FOSDEM '17 about GPL enforcement and I was like, wow, it sucks how many companies and people think that enforcing the GPL is a bad idea. I mean, if you disagree with copyleft that's fine (though I personally would argue with that position), but then you should use a suitable license. Like MIT. The very idea that we shouldn't enforce the GPL just doesn't make sense to me because it suggests that the text of the license is watery and unimportant. I don't know about you, but when I say I want my programs to respect users' freedom, I mean it. So GPL enforcement is important. It seemed to me that there are probably a lot of developers out there who want to support GPL enforcement but don't have a good way to voice that support. gplenforced.org is essentially a quick and dirty hack I wrote to make that dead-simple. Read more

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