Making money The Redhat way
We all believe that open source is associated with free, as in free speech, software. As a layman, I started thinking about the sanity of people who work so hard to produce such quality software products and then allow anyone to simply download and use them for free. What the heck!! Where the hell do they make money ?? How can so many people simply be doing charity ??
I did a little check on the popular open source companies, to find out their source of income, and it turned out that these open source zealots have a very sane mind in their heads. Open source companies are indeed making huge money. In this article I'll give a brief of the money Redhat is making.
I started with checking the financial results of Redhat. Revenues of $118.9 million in a Quarter !!! Holy god. Now this is real big money, do people actually pay even for free software ? Looking further, a 42% increase in revenue -- thats simply incredible. How many traditional companies can boast of such a huge increase in revenue. I can almost bet that even Microsoft cannot.
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