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:
- Keep ‘everything’ open source
- 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)
- Take risks and continue to evolve, instead of playing it safe and sticking to legacy products that have been doing fine
- 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 Swapnil Bhartiya, star Thought Leader, CIO Magazine