Red Hat Nears $1 Billion In Revenues, Closing Door On Clones

darthcamaro writes "Red Hat is almost at its goal of being the first pure-play open source vendor to hit $1 billion in Revenues. Red Hat reported its fiscal 2011 revenues this week which hit $909 million. Going forward, Red Hat has already taken steps to protect its business by changing the way it packages the Red Hat Enterprise Linux 6 kernel, making it harder for Oracle to clone. 'We are the top commercial contributor to most of the components of the Linux kernel and we think we have a lot of value and we want to make sure that, that value is recognized,' Red Hat CEO Jim Whitehurst said. 'In terms of competition, I don't think we necessarily saw anything different from before but I'd say better to close the barn door before the horses leave than afterwards.'"