Red Hat, Inc. is a company dedicated to free and open source software and a major Linux distribution vendor. The Company is best known for its enterprise operating system Red Hat Enterprise Linux, and more recently through the acquisition of open source enterprise middleware vendor JBoss. Red Hat provides operating system platforms along with middleware, applications, and management solutions, as well as support, training, and consulting services.
Company Growth (employees)
Type
Public
HQ
Raleigh, US
Founded
1993
Size (employees)
8,800 (est)
Website
redhat.com
Red Hat was founded in 1993 and is headquartered in Raleigh, US

Key People at Red Hat

Paul Cormier

Paul Cormier

Executive vice president and president, Products and Technologies
Mandeep Chaddha

Mandeep Chaddha

Vice president of Operations and Enterprise Data Strategy
DeLisa Alexander

DeLisa Alexander

Executive vice president and chief people officer
Michael Cunningham

Michael Cunningham

Executive vice president and general counsel

Red Hat Office Locations

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

Red Hat Data and Metrics

Red Hat Financial Metrics

Red Hat's revenue was reported to be $2.1 b in FY, 2016 which is a 15% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

2.1 b

Revenue growth (FY, 2015 - FY, 2016), %

15%

Gross profit (FY, 2016)

1.7 b

Gross profit margin (FY, 2016), %

85%

Net income (FY, 2016)

199.4 m

EBIT (FY, 2016)

288 m

Market capitalization (26-May-2017)

15.8 b

Closing share price (26-May-2017)

88.8

Cash (31-Dec-2016)

927.8 m
Red Hat's current market capitalization is $15.8 b.
Numbers are in $, USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

909.3 m1.1 b1.3 b1.3 b1.8 b2.1 b

Revenue growth, %

25%17%1%34%15%

Cost of goods sold

232.6 m273.2 m309.6 m

Gross profit

1.1 b1.5 b1.7 b

Gross profit Margin, %

83%85%85%

Sales and marketing expense

597.9 m728.4 m849 m

R&D expense

317.3 m367.9 m413.3 m

General and administrative expense

152.4 m170.1 m192.3 m

Operating expense total

1.1 b1.3 b1.5 b

EBIT

232.3 m250 m288 m

EBIT margin, %

17%14%14%

Interest expense

267 k160 k9.4 m23.1 m

Interest income

6.6 m8.3 m11.7 m

Pre tax profit

239.5 m255.5 m274.9 m

Income tax expense

46.4 m61.4 m59.5 m61.3 m75.3 m75.5 m

Net Income

178.3 m180.2 m199.4 m
Numbers are in $, USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016

Cash

388.1 m642.6 m549.2 m487.1 m646.7 m1 b927.8 m

Accounts Receivable

Inventories

Current Assets

1.6 b2 b1.9 b

Goodwill

687.4 m927.1 m1 b

Total Assets

3.1 b3.8 b4.2 b

Accounts Payable

179.5 m237.7 m284.8 m

Current Liabilities

1.1 b1.3 b1.6 b

Additional Paid-in Capital

1.9 b2 b2.2 b

Retained Earnings

720.2 m900.4 m1.1 b

Total Equity

1.6 b1.3 b1.3 b

Financial Leverage

2 x3 x3.1 x
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

178.3 m180.2 m199.4 m

Depreciation and Amortization

74.4 m76.3 m76.1 m

Accounts Receivable

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

Inventories

Accounts Payable

28.4 m71 m62.4 m

Cash From Operating Activities

540.6 m622.8 m716.1 m

Purchases of PP&E

(79.6 m)(45.6 m)(41.6 m)

Cash From Investing Activities

(108.3 m)(325 m)(512.1 m)

Cash From Financing Activities

(263.1 m)148.2 m(307.6 m)

Interest Paid

43 k52 k2 m

Income Taxes Paid

34.7 m33.7 m63.4 m
Numbers are in $, USDY, 2016

Revenue/Employee

281.1 k

Financial Leverage

3.1 x

Red Hat Market Value History

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

Red Hat Online and Social Media Presence

Red Hat Company Life and Culture

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