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
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)
Tom Savage

Tom Savage

Senior Vice President and General Counsel
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Red Hat Office Locations

Red Hat has offices in Raleigh, Ann Arbor, Atlanta, Boston and in 89 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

Investors

Red Hat is a subsidiary of IBM

Red Hat Revenue

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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$3.4 b$3.33 b$3.34 b$3.5 b$4.1 b$3.91 b

Countries

353540
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Red Hat Acquisitions / Subsidiaries

Company NameDateDeal Size
StackRoxJuly 01, 2021
NooBaaNovember 27, 2018
CoreOSJanuary 31, 2018$250 m
Permabit Technology CorporationJuly 31, 2017
CodenvyMay 25, 2017
3scaleJune 22, 2016
Red Hat AnsibleOctober 16, 2015$150 m
FeedHenrySeptember 18, 2014$82 m
eNovanceJune 18, 2014$70 m
InkTankApril 30, 2014$175 m
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Red Hat Revenue Breakdown

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

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

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

50-59

out of 100

CSRHub logo

Red Hat Online and Social Media Presence

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Red Hat Company Culture

  • Overall Culture

    A+

    80/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A+

    80/100

  • Diversity

    A-

    75/100

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Red Hat News and Updates

What to expect at Red Hat Summit 2022: Join theCUBE for live coverage May 10-11

Open source has altered a great deal of the IT landscape, and is transforming the hybrid cloud as well. This is one of the fundamental premises behind Red Hat Inc.’s strategy for a hybrid cloud future, one that will be shaped by innovation generated from the open-source ecosystem. Red Hat’s vision …

Global Hybrid Cloud Management Platform Provider Competitive Analysis Report 2022 Featuring Cisco, CloudBolt, CoreStack, Lumen, Red Hat, Snow Software, & VMware

DUBLIN, April 21, 2022 /PRNewswire/ -- The "Global Hybrid Cloud Management Platform Market 2022" report has been added to ResearchAndMarkets.com's offering. This report looks at popular providers in the market and offers information about their platform capabilities as well as about their...

IBM and Red Hat to Help Modernize U.S. Department of Education's G5 Grants Management System

Modernized system will support effective and efficient end-to-end grants management WASHINGTON and ARMONK, N.Y. and RALEIGH, N.C., April 21, 2022 /PRNewswire/ -- IBM (NYSE: IBM) and Red Hat, Inc. today announced the companies are part of a five-year collaboration to modernize the U.S....

Red Hat boost Nvidia support in OpenShift to encourage AI workload migration

IBM Corp.’s Red Hat subsidiary today announced new certifications and features for Red Hat OpenShift, its on-premises version of the Kubernetes service for managing the portable software environments called containers. Announcements include certification of OpenShift with Nvidia Corp.’s AI Enterpri…

Red Hat details edge computing collaboration with Verizon

IBM Corp.’s Red Hat division today shared new details about its collaboration with Verizon Communications Inc. to help enterprises adopt edge computing technologies.  Last year, Verizon teamed up with IBM on a broad initiative to modernize its network. As part of the effort, Verizon is building key…
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Red Hat Blogs

Friday Five — May 20, 2022

The Friday Five is a weekly Red Hat® blog post with 5 of the week's top news items and ideas from or about Red Hat and the technology industry. Consider it your weekly digest of things that caught our eye.

The evolution of application connectivity in a multicloud environment

The evolution of hybrid cloud connectivity Application connectivity considerations

Red Hat’s The State of Enterprise Open Source report: Highlights from the government sector

Red Hat’s fourth annual The State of Enterprise Open Source report highlights how organizations have adapted to new ways of operating — whether due to external forces or proactive choices — and are selecting methods that provide better competitive advantage.

Hot Off the Presses: Red Hat Enterprise Linux 9

We are excited to announce the availability of Red Hat Enterprise Linux 9 (RHEL 9), the latest release of the world’s leading enterprise Linux platform. RHEL 9 provides a more flexible and stable foundation to support hybrid cloud innovation and a faster, more consistent experience for deploying app…

What's new in Red Hat Enterprise Linux 9 for edge computing

Each release of Red Hat Enterprise Linux (RHEL) is an exciting time and establishes a ten-plus year foundation for the industry to build upon. RHEL 9 marks the next milestone and offers improvements across the board in areas of stability, performance, upgrades and security capabilities. With edge co…

Application connectivity in a hybrid cloud

Understanding application connectivity Connectivity requires more than Kubernetes
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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 Tim Yeaton.

  • How many employees does Red Hat have?

    Red Hat has 19,528 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 $172.2 k.

  • Who are Red Hat competitors?

    Competitors of Red Hat include Compuware Software Group Germany, Nemetschek and TIBCO Software.

  • 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 89 other locations.

  • How many offices does Red Hat have?

    Red Hat has 97 offices.