Article Source The Economist
May 29, 2009, 9:29 am
May 29, 2009, 9:29 am
Many technology firms are floundering amid the recession. But many of the ones that offer services tied to open-source software‚Äîfree programs written by volunteers who collaborate online‚Äîare boasting double-digit growth. Sales at Red Hat, the world‚Äôs biggest independent open-source firm with annual revenues of $653m, grew by 18% year-on-year in the first quarter. More and more firms, particularly in Europe, seem prepared to embrace open source. ‚ÄúBudgets are tight and we think that is good for open source,‚Äù said Jim Whitehurst, Red Hat‚Äôs boss, when announcing the results…
