Red Hat is a company providing enterprise open source solutions. It offers platforms, middleware, cloud computing, application development, storage, and automation and management products in the areas of hybrid cloud infrastructure, cloud-native development, automation, IT optimization, integration, and digital transformation. The company serves financial services, healthcare, public sector, telecommunications, and other industries.

Employee Rating

4.4More
TypeSubsidiary
Parent CompanyIBM
HQRaleigh, NC, US
Founded1993
Websiteredhat.com
Cybersecurity ratingBMore
Red Hat was founded in 1993 and is headquartered in Raleigh, NC, US

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Key People/Management at Red Hat

Paul Cormier

Paul Cormier

President and Chief Executive Officer
Mike Kelly

Mike Kelly

Chief Information Officer
Arun Oberoi

Arun Oberoi

Executive Vice President, Global Sales and Services
Tim Yeaton

Tim Yeaton

Executive Vice President and Chief Marketing Officer
Matt Hicks

Matt Hicks

Executive Vice President, Products and Technologies
Marco Bill-Peter

Marco Bill-Peter

Senior Vice President, Customer Experience and Operations (CXnO)
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Red Hat Office Locations

Red Hat has offices in Raleigh, Ann Arbor, Atlanta, Boston and in 84 other locations
Raleigh, NC, US (HQ)
100 E Davie St
Ann Arbor, MI, US
315 W Huron St #140
Atlanta, GA, US
3340 Peachtree Rd #1200
Boston, MA, US
300 A St 4th floor
Charlotte, NC, US
128 S Tryon St 21st Floor
Chicago, IL, US
227 W Monroe St #4550
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Red Hat Financials and Metrics

Summary Metrics

Founding Date

1993
Red Hat is a subsidiary of IBM

Red Hat Revenue

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View revenue for all periods
Red Hat's revenue was reported to be $3.36 b in FY, 2019 which is a 15.1% increase from the previous period.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

2.4b2.9b3.4b

Revenue growth, %

18%21%15%

Cost of goods sold

354.4m431.8m498.3m

Gross profit

2.1b2.5b2.9b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

676.8m723.4m656.8m813.5m822.7m846.8m934.1m

Cost of goods sold

100.7m106.7m111.8m122.7m118.9m124.1m144.3m

Gross profit

576.1m616.6m545.1m690.8m703.8m722.7m789.8m

Gross profit Margin, %

85%85%83%85%86%85%85%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

1.1b1.7b1.9b

Accounts Receivable

183.0m806.7m980.2m

Prepaid Expenses

200.6m260.1m282.5m

Current Assets

2.3b3.1b3.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

1.2b1.2b1.3b1.8b1.5b1.5b2.3b

Accounts Receivable

429.9m418.4m531.5m499.0m516.0m732.8m529.1m

Prepaid Expenses

192.6m213.3m216.0m247.2m247.2m241.1m250.6m

Current Assets

2.3b2.3b2.5b2.9b2.6b3.0b3.3b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

253.7m258.8m434.0m

Depreciation and Amortization

85.3m97.1m109.0m

Cash From Operating Activities

783.7m923.1m1.0b

Purchases of PP&E

(69.1m)(85.0m)(61.3m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

73.2m170.0m271.4m113.2m200.0m294.5m141.1m

Depreciation and Amortization

21.8m46.0m71.5m27.1m53.7m80.5m36.8m

Cash From Operating Activities

257.9m400.8m561.1m346.2m479.0m615.7m460.0m

Purchases of PP&E

(25.9m)(51.7m)(68.3m)(13.0m)(26.6m)(44.8m)(23.5m)
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Red Hat Operating Metrics

FY, 2017FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Backlog

$2.75 b$3.40 b$3.33 b$3.34 b$3.50 b$4.10 b$3.91 b

Countries

35 35 40
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Red Hat Acquisitions / Subsidiaries

Company NameDateDeal Size
StackRoxFebruary 22, 2021
NooBaaNovember 27, 2018
CoreOSJanuary 30, 2018$250 m
JBossJune 05, 2006$350 m

Red Hat Revenue Breakdown

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Red Hat revenue breakdown by business segment: 12.3% from Training and services and 87.7% from Subscription

Red Hat revenue breakdown by geographic segment: 14.4% from Asia Pacific, 23.4% from EMEA and 62.2% from Americas

Human Capital Metrics

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Red Hat Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Red Hat Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Red Hat Online and Social Media Presence

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Red Hat Company Culture

  • Overall Culture

    A

    76/100

  • CEO Rating

    A+

    87/100

  • Compensation

    B+

    75/100

  • Diversity

    B+

    74/100

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Red Hat News and Updates

NeuVector Achieves Red Hat Vulnerability Scanner Certification

As a Red Hat certified security partner, NeuVector enables enterprises to precisely assess vulnerability risks across Red Hat products and packages As a Red Hat certified security partner, NeuVector enables enterprises to precisely assess vulnerability risks across Red Hat products and packages

IBM Power Systems Enhances Hybrid Cloud Capabilities with Red Hat

ARMONK, N.Y., Feb. 23, 2021 /PRNewswire/ -- IBM (NYSE: IBM) announced availability of Red Hat software on IBM Power Systems as well as new IBM Power Systems hardware. These announcements further expand IBM Systems's commitment to help clients modernize by empowering them with the latest...

Red Hat and Intel expand 5G collaboration as new market opportunities emerge

IBM Corp.’s Red Hat unit and Intel Corp. today announced an “evolution” of their partnership aimed at more closely aligning their product development activities in the 5G market. Carriers are spending billions of dollars to upgrade their networks to the 5G standard, which enables connections up to …

StackRox Acquisition By Red Hat Underscores The Significance Of DevSecOps

Last week, Red Hat announced that it’s acquiring StackRox, a California-based Kubernetes security company founded in 2014.
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Red Hat Blogs

Harvard Business Analytic Services: Banking transformation originates from a strong core

The new normal in banking increasingly includes digital self-service, as customer expectations and demands have increased with the "consumerization" of banking on multiple devices.  Highly available digital products and services are dependent upon flexible distribution channels used to meet the ban…

Red Hat Introduces Latest Update to Red Hat Process Automation

The goal of Red Hat Process Automation has always been to empower enterprise business and IT users to collaborate, successfully document, simulate, manage, automate, and monitor business processes and decisions.

Red Hat Satellite 6.8.4 has been released

We are pleased to announce that Red Hat Satellite 6.8.4 is generally available as of February 23, 2021.

The State of Enterprise Open Source 2021: Four results that may surprise you

We’re now in the third year of our The State of Enterprise Open Source report in which we probe the use of and attitudes about enterprise open source. This year we conducted interviews with 1,250 IT leaders worldwide. They weren’t necessarily Red Hat customers and were unaware that Red Hat was the s…

SAP HANA 2.0 Certified on RHEL 8.2 and 7.9: Top 5 reasons why you should care

The shift to using S/4HANA drives standardization towards SAP’s in-memory database (SAP HANA) on Linux. With SAP HANA, both transactional and analytical data workloads are served from the same in-memory database, eliminating the need for separate data systems.

Customer Success Stories: Red Hat solutions found around the world

We regularly publish customer success stories that highlight how we're helping customers gain efficiency and transform the way they deliver software. Read on to see how we helped Tomago Aluminium, the MGEN Group, and Alliance Bank—three customers in three different continents—find success in applica…
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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 Paul Cormier, Mike Kelly and Arun Oberoi.

  • How many employees does Red Hat have?

    Red Hat has 16,413 employees.

  • What is Red Hat revenue?

    Latest Red Hat annual revenue is $3.4 b.

  • What is Red Hat revenue per employee?

    Latest Red Hat revenue per employee is $204.8 k.

  • Who are Red Hat competitors?

    Competitors of Red Hat include Nemetschek, TIBCO and Pegasystems.

  • 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, Ann Arbor, Atlanta, Boston and in 84 other locations.

  • How many offices does Red Hat have?

    Red Hat has 97 offices.