Language Selection

English French German Italian Portuguese Spanish

Winning: Q&A with Jim Whitehurst, Red Hat CEO

Filed under
Linux
Interviews

When Red Hat CEO Jim Whitehurst said in 2008 he planned to get the company to $1bn in annual sales by 2011, up from $500m at the time, there were those who scoffed. But as the open source vendor just closed its fourth quarter with sales of $244.8m, up 25%, it's almost certain he will achieve his ambition, even if the firm's first billion-dollar year will actually be its fiscal 2012, not 2011. Who's counting?

As Whitehurst said at the time of the recent earnings announcement: "With record bookings and billings in the fourth quarter, we are on a run rate to become the first pure-play open source company to achieve a billion dollars in revenues next fiscal year, a milestone achievement for Red Hat and the open source community."

As well as the revenue milestone, Red Hat's profitability has enabled it to squirrel away over a billion dollars in cash and other investments, while its market capitalisation on Nasdaq has soared to over $8.7bn. The firm has proven that it is possible for an open source company not just to survive, but to thrive.

CBR caught up with Whitehurst in London recently. Here are some of the highlights from our conversation, but see below for a link to the entire podcast interview.

rest here




More in Tux Machines

PuppEX Linux Live CD Now Based on Puppy Xenial, Compatible with Ubuntu 16.04 LTS

Arne Exton informs us about the availability of a new stable build of its Puppy-derived PuppEX Linux Live CD distribution, version 160822, which is now using the latest kernel and software applications. Read more

KDevelop 5.0 Open-Source IDE Officially Released with New C/C++ Language Support

After being in development for the past two years, the open-source KDevelop IDE (Integrated Development Environment) software has finally reached the 5.0 milestone. Read more

Open source drone controller has an FPGA-enhanced brain

Aerotenna has launched an open source, $499 “OcPoc” drone flight controller that runs Linux on an Altera Cyclone V ARM/FPGA SoC. Lawrence, Kansas based Aerotenna, which bills itself as “the leading provider of innovative microwave sensors and flight control systems,” describes OcPoC (Octagonal Pilot on Chip) as a ready-to-fly, open source flight control platform. The system integrates an IMU, barometer, GPS, and a CSI-camera interface. Read more

Linux Kernel 3.16.37 LTS Is a Massive Update with Tons of Networking Changes

Immediately after announcing the release of Linux kernel 3.2.82 LTS, maintainer Ben Hutchings proudly informed the community about the availability of the thirty-seventh maintenance update to the Linux 3.16 LTS kernel series. Read more