Red Hat Sales to Hit $3 Billion in 5 Years, Whitehurst Says

Red Hat Inc., the largest seller of Linux software, aims to triple sales to $3 billion in five years, helped by the rising popularity of cloud computing, Chief Executive Officer Jim Whitehurst said.

“We will accelerate the growth rate of the business,” Whitehurst, 43, said in an interview in Beijing today. “The market is coming to us because all the new development is happening on Linux or, more broadly, on an open-source platform. Clouds in general run an open source.”