 Happy birthday to that and here you have your three billion dollar gift. Well, it's not three billion dollars It's two point nine billion dollar is close, but I rounded it up because you know what it looks better So what is this three billion dollar thing? We are talking about if you're not aware that had announced their financial reserves for 2017 and the fourth quarter of 2017 and they registered a revenue of Three now, okay to four eight billion dollars. That's amazing to be honest I'm kind of disappointed that it did not touch the three billion dollar mark, but it's Almost there, right? And I'm pretty sure that by next year it would be something around three point two or billion dollars at least 3.5 billion dollar and the thing is not I'm like I'm not making a huge kind of you know Professor prediction. It's obvious. So when I saw the results, I will not surprise at all Because it's not surprising it was kind of expected because redhead has been growing at an organic rate the The company and don't forget that this year companies also celebrating its 25th anniversary Linus Turbals announced Linux in 1991 Suzy was announced in 1992 and redhead was announced in 1993 So they are celebrating a 25th anniversary this year and what is really interesting that is in 25 years They had evolved from being a Linux vendor to a cloud company as you all know that Okay, Suzy might contested but redhead kind of championed the the whole you know business model around open service subscription based model And today even today Linux remains their core product, which is not surprising because if you look around Linux also remains the core technology that powers the modern idea infrastructure. I mean today's economy literally runs on Linux Even Microsoft. I mean as your has more than 50 percent Machines that run Linux in the virtual machines. They're running Linux and as your own networking switch is Powered by Linux now Microsoft is running Linux in their own infrastructure. They are powering their infrastructure With Linux so everything is running on Linux. It's no surprise that The huge chunk of this revenue comes from Subscriptions, which is real mostly so redhead registered almost 2.6 billion dollar From subscriptions that was roughly you can say in the ballpark of 14 percent year on year growth as compared to last year and the revenues from the emerging technologies was something around 628 million dollars not billion dollars million dollars But this is what is interesting this category registered Almost 42 percent year on year growth So emerging technologies is the area where redhead is experiencing Exponential growth while the traditional Linux model is growing at a at a very organic, you know great The emerging markets is massive. It's almost 50 percent increase so so What is really interesting to see here is that redhead is investing a Lot of resources in these technologies and if you look around they kind of dominate the market kind of if you look at open shift That's huge and massive and they just Acquired Ansible and they acquired Corus one of my favorite companies in the in the container world and Corus is a very Influential player in the Kubernetes space So I'm pretty sure that we are going to see much more aggression from redhead in the cloud space in 2019 or going forward IoT is a space that they work on machine learning They don't offer these technologies, but I'm pretty sure that they will be Investing resources and investing in technologies that enable players To to use redhead as a platform for those technologies These revenues and this growth is kind of okay. It's good from redhead's perspective, but It's also good from community's perspective. What what makes redhead really so successful is not that They are good at marketing I have talked to a lot of my friends in the in the tech space and in the journalism room and almost everybody Agrees as long as you're not a redhead customer that they have another best, you know still send marketing team throughout the globe But it is strength doesn't come just from sales. I mean they are also very good at engineering If you look at most of the technologies tech, you know, or open source technologies Wherever redhead is consuming those products or projects They are among the top contributors including the Linux curl in addition to that The their policy is upstream first if the code is not in upstream. It will not go in redhead products And the last but not the least is that They they value the community a lot. I mean if you look at the whole known community I mean it's pretty much, you know back by redhead developers and and they have kind of, you know focus on Technologies and and a lot of new technologies have come out of redhead whether it's system D or pulsar you You know the not put ring he works on it and he's a redhead developer So a lot of great things are happening there Kubernetes redhead is one of the you know leading contributor open stack. So so they are like kind of it's a great mix of Technology is a great mix of how to commercialize Linux and open source And it's a great mix of how to work with community and and value it It's really incredible. So There are no surprises that redhead is kind of you know, so successful because you know when you take all of this, you know a good marketing Good good technology and you know good relationship the community you get a company which is like well-rounded like redhead. I mean It's kind of designed to grow and succeed because the kind of The way they operate and it's incredible. So I won't actually be surprised that in two to three years You know redhead will cross like five billion dollar mark. I mean, yeah, it sounds big today but I think that's going to happen, but That we will see in future for today The most exciting thing is the first redhead is completing their you know celebrating their 25th anniversary and second is that they have touched the 3 billion mark So it's time to celebrate for the Linux community And this story was also beta for the new project that I'm working on which is Daily tech news in open source word I may try to just give one biggest story of the day or I'll put two or three stories together I'll I'll see maybe I'll give a weekly update. I don't know how frequently you want to be updated But it would be a mix of news and analysis of what is happening with the big stuff that is happening in a Linux and open source word Mostly in the enterprise segment. So that was the beta. Just let me know what do you think about it and please Don't forget to subscribe to this channel. The link is down below. We're also on soundcloud So you can also go and subscribe on soundcloud If you have any doubts, just go to tfhire.io Slash tv and there you'll find all those subscription links. Thanks for watching. See you next time. Bye for now