Germany-based open source company SUSE says it has recorded revenue slightly over US$400 million during its last fiscal year, a rise of about 15% year-on-year, part as an independent company and part as a public entity under the banner of British mainframe vendor Micro Focus.
Open source company SUSE says the acquisition of Red Hat, once the biggest independent open source firm, by IBM shows the importance of the role that open source technology and standards will play in the future.
Open source firm Red Hat, now owned by IBM, has crossed the US$3 billion annual revenue line for the first time, raking in US$3.4 billion, an increase of 15% year-on-year, for the financial year that ended on 28 February.
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