Red Hat is a provider of open source, enterprise IT solutions. The Company provides cloud, Linux, management, middleware, storage, and virtualization technologies. It also offers support, training, and consulting services, as well as infrastructure-related solutions, such as Red Hat Enterprise Linux, Red Hat Gluster Storage, Red Hat Satellite, Red Hat OpenShift, and Red Hat OpenStack Platform.

Employee Rating

3.9More
TypeSubsidiary
Parent CompanyIBM
HQRaleigh, US
Founded1993
Websiteredhat.com
Red Hat was founded in 1993 and is headquartered in Raleigh, US
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Key People/Management at Red Hat

DeLisa Alexander

DeLisa Alexander

Executive Vice President and Chief People Officer
Marco Bill-Peter

Marco Bill-Peter

Senior Vice President of Customer Experience and Engagement (CEE)
Paul Cormier

Paul Cormier

Executive Vice President and President, Products and Technologies
Michael Cunningham

Michael Cunningham

Executive Vice President and General Counsel
Mark Enzweiler

Mark Enzweiler

Senior Vice President, Global Channel Sales and Alliances
Matt Hicks

Matt Hicks

Senior Vice President of Engineering
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Red Hat Office Locations

Red Hat has offices in Raleigh, Minneapolis, Charlotte, Boston and in 96 other locations
Raleigh, US (HQ)
100 E Davie St
Ann Arbor, US
315 W Huron St #140
Atlanta, US
3340 Peachtree Rd #1200
Boston, US
300 A St 4th floor
Charlotte, US
401 N Tryon St #1071
Chicago, US
101 N Upper Wacker Dr #150
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Red Hat Financials and Metrics

Summary Metrics

Founding Date

1993
Red Hat is a subsidiary of IBM

Red Hat Revenue

Red Hat's revenue was reported to be $2.92 b in FY, 2018 which is a 21.1% increase from the previous period.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.3b1.8b2.1b2.4b2.9b

Revenue growth, %

1%34%15%18%21%

Cost of goods sold

232.6m273.2m309.6m431.8m

Gross profit

1.1b1.5b1.7b2.5b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

445.9m455.9m481.0m504.1m523.6m567.9m599.8m615.3m676.8m723.4m813.5m822.7m846.8m

Cost of goods sold

106.7m122.7m118.9m124.1m

Gross profit

616.6m690.8m703.8m722.7m

Gross profit Margin, %

85%85%86%85%
Annual
USDFY, 2014Y, 2014Y, 2015FY, 2016FY, 2017FY, 2018

Cash

646.7m646.7m1.0b927.8m1.1b1.7b

Accounts Receivable

183.0m806.7m

Prepaid Expenses

260.1m

Inventories

Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

596.8m642.1m564.1m585.4m884.0m990.9m991.6m942.0m1.0b970.6m916.7m1.2b1.2b1.3b

Current Assets

1.3b1.5b1.3b1.3b1.7b1.7b1.7b1.8b1.9b1.8b1.9b2.3b2.3b2.5b2.9b2.6b3.0b

Goodwill

690.3m687.5m817.3m870.1m939.6m924.7m928.2m1.0b1.0b1.1b1.0b1.0b1.1b1.1b1.3b1.3b1.3b

Total Assets

2.7b2.9b3.1b3.1b3.5b3.8b3.8b3.9b4.1b4.1b4.1b4.5b4.6b4.8b5.2b4.8b5.1b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

178.3m180.2m199.4m253.7m258.8m

Depreciation and Amortization

74.4m76.3m76.1m85.3m97.1m

Inventories

Accounts Payable

28.4m71.0m62.4m71.0m161.8m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

40.8m52.0m37.7m46.8m47.9m48.1m51.4m46.8m61.2m58.8m67.9m73.2m96.9m271.4m113.2m200.0m294.5m

Depreciation and Amortization

18.4m19.0m18.9m19.5m18.7m18.5m18.5m19.9m20.7m21.2m21.9m21.8m21.1m71.5m27.1m53.7m80.5m

Accounts Payable

38.9m12.3m2.7m27.3m26.3m(52.3m)34.4m21.9m(38.1m)18.6m(10.8m)(55.3m)2.0m(17.8m)(28.6m)(1.7m)38.6m

Cash From Operating Activities

118.9m95.2m164.7m107.7m133.0m208.8m120.3m139.6m232.3m96.8m136.4m257.9m142.9m561.1m346.2m479.0m615.7m
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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
NooBaaNovember 27, 2018
CoreOSJanuary 30, 2018$250 m

Red Hat Revenue Breakdown

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Red Hat revenue breakdown by business segment: 11.9% from Training and services and 88.1% from Subscription

Red Hat revenue breakdown by geographic segment: 13.9% from Asia Pacific, 22.5% from EMEA and 63.6% from Americas

Human Capital Metrics

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Red Hat Online and Social Media Presence

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Red Hat News and Updates

Red Hat partners with cloud giants to launch a hub for Kubernetes Operators

Red Hat Inc. has teamed up with the three biggest names in the cloud market on a new initiative to lower the entry barrier to Kubernetes. The company, in collaboration with Amazon Web Services Inc., Microsoft Corp. and Google LLC, on Thursday launched a Kubernetes-focused online marketplace called …

Red Hat launches Operator Hub, a repository of quality-tested Kubernetes Operators

Red Hat, in partnership with AWS, Microsoft, and others, has launched Operator Hub, a repository of quality-tested Kubernetes Operators.

Straight takes: Ray Wang weighs in on IBM, Red Hat, Salesforce, Google and Amazon

Analysts are paid to have opinions, and Ray Wang (pictured), founder, chairman and principal analyst of Constellation Research Inc., doesn’t pull any punches when it comes to assessing the state of the enterprise tech world today. Take IBM Corp.’s blockbuster acquisition of Red Hat Inc. in October.…

Cloudera CEO Talks Hortonworks Merger, IBM Acquiring Red Hat, and A.I. Hype

Cloudera merged with its rival Hortonworks in January.

Buffett's Berkshire dumps Oracle, buys Red Hat, and trims Apple holdings by 1%, filing shows

Warren Buffett's Berkshire Hathaway Inc. acquired a new position in software maker Red Hat Inc. and reduced its position in Apple Inc. at the end of December, according to 13F filings with the Securities and Exchange Commission that were released Thursday afternoon. Berkshire acquired 4.175 millio…
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Red Hat Blogs

About_Value_of_Subscription

PreviousNext 2018 Red Hat Product Security risk report Red Hat reviews 2018’s specific vulnerabilities and security highlights, including key metrics and common ways that users were affected. Read the report

About_Open-source

PreviousNext 2018 Red Hat Product Security risk report Red Hat reviews 2018’s specific vulnerabilities and security highlights, including key metrics and common ways that users were affected. Read the report

Topic_What-is-api-management

PreviousNext Red Hat Summit 2019 registration now open From the right foundation–an open foundation–your technology and culture can scale however you need. Expand your possibilities. Register now

Topic_Big_Data

PreviousNext Red Hat Summit 2019 registration now open From the right foundation–an open foundation–your technology and culture can scale however you need. Expand your possibilities. Register now

EVENT_IBM_Think

PreviousNext Red Hat Summit 2019 registration now open From the right foundation–an open foundation–your technology and culture can scale however you need. Expand your possibilities. Register now

About_Culture

PreviousNext To be a better leader, give up control Leadership isn’t about organizing chaos. Learn how Jim Whitehurst left control behind and embraced collaborative leadership at Red Hat WATCH THE TEDTALK
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Red Hat Frequently Asked Questions

  • When was Red Hat founded?

    Red Hat was founded in 1993.

  • Who are Red Hat key executives?

    Red Hat's key executives are DeLisa Alexander, Marco Bill-Peter and Paul Cormier.

  • What is Red Hat revenue?

    Latest Red Hat annual revenue is $2.9 b.

  • Who are Red Hat competitors?

    Competitors of Red Hat include Akkadian Labs , Hortonworks and Nemetschek.

  • Where is Red Hat headquarters?

    Red Hat headquarters is located at 100 E Davie St, Raleigh.

  • Where are Red Hat offices?

    Red Hat has offices in Raleigh, Minneapolis, Charlotte, Boston and in 96 other locations.

  • How many offices does Red Hat have?

    Red Hat has 111 offices.