Red Hat's Growth and New Fedora Packages
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Red Hat continues steady march toward $5 billion revenue goal
The last time I spoke to Red Hat CEO Jim Whitehurst, in June 2016, he had set a pretty audacious goal for his company to achieve $5 billion in revenue. At the time, that seemed a bit far-fetched. After all, his company had just become the first open-source company to surpass $2 billion in revenue. Getting to five represented a significant challenge because, as he pointed out, the bigger you get, the harder it becomes to keep the growth trajectory going.
But the company has continued to thrive and is on track to pass $3 billion in revenue some time in the next couple of quarters. Red Hat is best known for creating a version of Linux designed specifically for the enterprise, but it has begun adapting to the changing world out there with cloud and containers — and as its RHEL (Red Hat Enterprise Linux) customers start to change the way they work (ever so slowly), they are continuing to use Red Hat for these new technologies. As Whitehurst told me, that’s not a coincidence.
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New packages in Fedora: rtags, renderdoc
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