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.

Company Growth (employees)
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

Key People/Management at Red Hat

Paul Cormier

Paul Cormier

Executive vice president and president, Products and Technologies
DeLisa Alexander

DeLisa Alexander

Executive vice president and chief people officer
Michael Cunningham

Michael Cunningham

Executive vice president and general counsel
Mike Kelly

Mike Kelly

Chief information officer
Eric Shander

Eric Shander

EVP & Chief Financial Officer

Red Hat Office Locations

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

Red Hat Financials and Metrics

Red Hat Financials

Red Hat's revenue was reported to be $2.4 b in FY, 2017
USD

Revenue (Q2, 2018)

723.4 m

Gross profit (Q2, 2018)

616.6 m

Gross profit margin (Q2, 2018), %

85%

Net income (Q2, 2018)

96.6 m

EBIT (Q2, 2018)

134.6 m

Market capitalization (13-Nov-2017)

22.7 b

Cash (31-Aug-2017)

1.2 b
Red Hat's current market capitalization is $22.7 b.
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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 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%
USDY, 2014Y, 2015Y, 2016FY, 2017

Cash

646.7 m1 b927.8 m1.1 b

Accounts Receivable

183 m

Current Assets

1.6 b2 b1.9 b2.3 b

Goodwill

687.4 m927.1 m1 b1 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 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 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 b

Goodwill

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

Accounts Receivable

(62 m)(120 m)(48 m)(119.1 m)

Accounts Payable

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

Accounts Receivable

(6.3 m)(75.3 m)96.6 m(18.3 m)(75.9 m)179.4 m(17.9 m)(97 m)190.3 m(30.7 m)(73.1 m)208.8 m17 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
Y, 2017

Financial Leverage

3.3 x
Show all financial metrics

Red Hat Operating Metrics

FY, 2015FY, 2016FY, 2017

Bookings

$1.86 b$2.13 b$2.75 b
Show all operating metrics

Red Hat Market Value History

Red Hat Revenue Breakdown

Red Hat's employees are reported to be approximately 22% female and 78% male.

Red Hat Median Salaries

Source: 127 public H-1B filings from Red Hat
Show all human capital metrics

Red Hat's Web-traffic and Trends

Red Hat Online and Social Media Presence

Red Hat Company Life and Culture

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