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

Why business should bet on open source

Among the benefits of OSS is that it is hardly ever a standalone product. Most OSS is built on other open-source projects. Because of the way it is licensed, these enhancements are then passed back to the open-source community, so the software constantly evolves. So, if such open-source technology is readily available, and has proved its scalability in webscale businesses, why reinvent the wheel? Open source is certainly more accepted in the enterprise, said Tony Lock, distinguished analyst at Freeform Dynamics. “It is suitable for all businesses, not just for webscale businesses.” Read more

Lubuntu 15.10 Beta 1 Still Doesn't Use LXQt, Now Powered by Linux Kernel 4.1 LTS

The development team of the Lubuntu Linux operating system were among the last to announce the release of the first Beta build of the Ubuntu 15.10 (Wily Werewolf) release for opt-in flavors. Read more

NetworkManager 1.0.6 Adds Support for Wake-on-LAN Configurations, More

Lubomir Rintel informs users about the release and immediate availability for download of the sixth maintenance version of the open-source NetworkManager network connection management utility for GNU/Linux operating systems. Read more

GNOME 3.17.91 beta tarballs due (and more) (responsible: jjardon)

We would like to inform you about the following: * GNOME 3.17.91 beta tarballs due * String Freeze Tarballs are due on 2015-08-31 before 23:59 UTC for the GNOME 3.17.91 beta release, which will be delivered on Wednesday. Modules which were proposed for inclusion should try to follow the unstable schedule so everyone can test them. Please make sure that your tarballs will be uploaded before Monday 23:59 UTC: tarballs uploaded later than that will probably be too late to get in 3.17.91. If you are not able to make a tarball before this deadline or if you think you'll be late, please send a mail to the release team and we'll find someone to roll the tarball for you! Read more