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 90 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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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
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

82/100

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

    77/100

  • CEO Rating

    A+

    87/100

  • Compensation

    A-

    76/100

  • Diversity

    A-

    75/100

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Red Hat News and Updates

After Red Hat acquisition, StackRox takes unusual path to open source

Shortly after Red Hat Inc. completed the acquisition of the Kubernetes security startup StackRox as part of its goal to expand its security management offerings, the company is making a new big announcement. In an unusual move, StackRox will move from proprietary content to an open-source solution.…

Red Hat unveils Developer Sandbox for OpenShift to power Kubernetes app development

Red Hat Inc., provider of open-source solutions, today announced the launch of Developer Sandbox for Red Hat OpenShift, an OpenShift-based development environment that will give organizations the ability to prototype Kubernetes-based applications rapidly. The OpenShift sandbox is a private environm…

Red Hat Names Carahsoft Marketing Partner of the Year

Company Recognized for Outstanding Channel Contributions for Open Source Software in the Public Sector Company Recognized for Outstanding Channel Contributions for Open Source Software in the Public Sector

IBM and Red Hat link legacy and open source to bring consistency across environments

When enterprise veteran IBM acquired open-source pioneer Red Hat Inc., it seemed like an odd pairing. But despite its legacy credentials, IBM is a long-time supporter of open source. In 2000, Big Blue made a strategic commitment to Linux, following up a year later with a financial investment of $1 …

Q&A: Red Hat opens the gates for open hybrid cloud innovation

There is a new demand to run applications across different environments, whether it is bare metal, virtual machines, private-public cloud, edge computing, or even a combination of these.  This new demand is driving Red Hat Inc., a leader in open-source solutions for the enterprise, to create an ope…

Red Hat extends open hybrid cloud to support industrial edge deployments

Open hybrid cloud has been a focus of Red Hat Inc. for almost a decade. Long before it became part of the mainstream technology conversation, Red Hat saw the inherent possibilities of allowing customers to choose what applications they run, where and how. Now, the Red Hat team is extending its open…
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Red Hat Blogs

Cost efficient disaster recovery in hybrid cloud environments

As more and more organizations move from on-premise datacenters to private, public, and hybrid clouds, it is important to understand that high availability is not the same as disaster recovery (DR). 

Friday Five — May 7, 2021

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.

Configuring Ansible Tower with the Tower Configuration Collection

One of the goals of Red Hat Services is to bring a standardized and collaboratively created toolkit and approach to customers to speed up and improve automation practices. Red Hat’s Automation Community of Practice--a part of Red Hat Services--has created a new collection that acts as a wrapper for …

Azure SQL Edge comes to Red Hat Enterprise Linux

This week Microsoft announced the preview support of Microsoft Azure SQL Edge on Red Hat Enterprise Linux (RHEL) 8. With Azure SQL Edge, developers can now more easily extend their existing SQL Server 2019 offerings for RHEL and Red Hat Openshift to IoT edge gateways and devices for consistent edge …

How to accurately match OVAL security data to installed RPMs

Red Hat publishes security data using the Open Vulnerability and Assessment Language (OVAL). Depending on what you have installed, according to the Red Hat and OVAL compatibility FAQ, you'll need to scan streams for all products installed on your system. This post aims to answer the question of how …
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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 16,775 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 $200.4 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 90 other locations.

  • How many offices does Red Hat have?

    Red Hat has 97 offices.