Red Hat has done it again. The company reported fourth quarter revenues of $629 million, up 16 percent year-over-year. This translates to over $2.4 billion in annual revenues.

The key points I get from Red Hat’s success are:

  1. Keep ‘everything’ open source
  2. Contribute to key open source projects (it benefits you as you can also influence the direction of the project. The more you contribute, the more say you get)
  3. Take risks and continue to evolve, instead of playing it safe and sticking to legacy products that have been doing fine
  4. Bite off as much as you can chew; don’t enter so many areas just because that’s trendy or because everyone else is doing it.

By , star Thought Leader, CIO Magazine