Red Hat provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Its products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services.

Type
Public
HQ
Raleigh, US
Founded
1993
Size (employees)
10,500 (est)
Website
redhat.com
Red Hat was founded in 1993 and is headquartered in Raleigh, US
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Key People/Management at Red Hat

James Whitehurst

James Whitehurst

President and Chief Executive Officer
Paul Cormier

Paul Cormier

Executive Vice President and President, Products and Technologies
Mike Kelly

Mike Kelly

Chief Information Officer
Eric Shander

Eric Shander

Executive Vice President and Chief Financial Officer
Rick Akie

Rick Akie

Senior Vice President and General Manager, Commercial Sales, North America
Michael Cunningham

Michael Cunningham

Executive Vice President and General Counsel
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Red Hat Office Locations

Red Hat has an office in Raleigh
Raleigh, US (HQ)
100 East Davie Street Raleigh
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Red Hat Financials and Metrics

Red Hat Financials

Red Hat's revenue was reported to be $2.41 b in FY, 2017 which is a 17.5% increase from the previous period.
USD

Net income (Q3, 2018)

271.4 m

EBIT (Q3, 2018)

340.6 m

Market capitalization (20-Apr-2018)

29.7 b

Cash (30-Nov-2017)

1.3 b
Red Hat's current market capitalization is $29.7 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.3 b1.8 b2.1 b2.4 b

Revenue growth, %

1%34%15%18%

Cost of goods sold

232.6 m273.2 m309.6 m

Gross profit

1.1 b1.5 b1.7 b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

445.9 m455.9 m481 m504.1 m523.6 m567.9 m599.8 m615.3 m676.8 m723.4 m

Cost of goods sold

106.7 m

Gross profit

616.6 m

Gross profit Margin, %

85%
Annual
USDY, 2014Y, 2015Y, 2016FY, 2017

Cash

646.7 m1 b927.8 m1.1 b

Accounts Receivable

183 m

Inventories

Current Assets

1.6 b2 b1.9 b2.3 b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

596.8 m642.1 m564.1 m585.4 m884 m990.9 m991.6 m942 m1 b970.6 m916.7 m1.2 b1.2 b1.3 b

Current Assets

1.3 b1.5 b1.3 b1.3 b1.7 b1.7 b1.7 b1.8 b1.9 b1.8 b1.9 b2.3 b2.3 b2.5 b

Goodwill

690.3 m687.5 m817.3 m870.1 m939.6 m924.7 m928.2 m1 b1 b1.1 b1 b1 b1.1 b1.1 b

Total Assets

2.7 b2.9 b3.1 b3.1 b3.5 b3.8 b3.8 b3.9 b4.1 b4.1 b4.1 b4.5 b4.6 b4.8 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

178.3 m180.2 m199.4 m253.7 m

Depreciation and Amortization

74.4 m76.3 m76.1 m85.3 m

Inventories

Accounts Payable

28.4 m71 m62.4 m71 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

40.8 m52 m37.7 m46.8 m47.9 m48.1 m51.4 m46.8 m61.2 m58.8 m67.9 m73.2 m96.9 m271.4 m

Depreciation and Amortization

18.4 m19 m18.9 m19.5 m18.7 m18.5 m18.5 m19.9 m20.7 m21.2 m21.9 m21.8 m21.1 m71.5 m

Accounts Payable

38.9 m12.3 m2.7 m27.3 m26.3 m(52.3 m)34.4 m21.9 m(38.1 m)18.6 m(10.8 m)(55.3 m)2 m(17.8 m)

Cash From Operating Activities

118.9 m95.2 m164.7 m107.7 m133 m208.8 m120.3 m139.6 m232.3 m96.8 m136.4 m257.9 m142.9 m561.1 m
USDY, 2017

Financial Leverage

3.3 x
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Red Hat Operating Metrics

FY, 2015FY, 2016FY, 2017Jan, 2018

Bookings

$1.86 b$2.13 b$2.75 b

Countries

35

Locations

90
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Red Hat Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
CoreOS (124)January 30, 2018$250 m
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