ReadWriteWeb - Open-Source Success: Alfresco Software Reports Record Revenues

in ReadWriteWeb

Alfresco Software reported record revenues today, providing a signal that open-source technologies are a top choice for the enterprise as the economy moves out of the recession and cloud computing becomes more prevalent.

Alfresco reported both record fourth quarter earnings and record revenues for 2009. Growth is up 61% compared to last year. We look at these results with a grain of salt but in Alfresco's case it increased its staff 29 percent and also added 300 customer, including companies such as Cisco, Merck and the U.S Department of Housing and Urban Development.

Read more