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

4.0More
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
Paul Cormier

Paul Cormier

President and Chief Executive Officer
Ashesh Badani

Ashesh Badani

Senior Vice President, Cloud Platforms
Tom Savage

Tom Savage

Senior Vice President and General Counsel
Marco Bill-Peter

Marco Bill-Peter

Senior Vice President of Customer Experience and Engagement (CEE)
Mark Enzweiler

Mark Enzweiler

Senior Vice President, Global Channel Sales and Alliances
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Red Hat Office Locations

Red Hat has offices in Raleigh, Ann Arbor, Atlanta, Boston and in 85 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
128 S Tryon St 21st Floor
Chicago, 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, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

567.9m599.8m615.3m676.8m723.4m656.8m813.5m822.7m846.8m934.1m

Cost of goods sold

84.0m87.7m90.5m100.7m106.7m111.8m122.7m118.9m124.1m144.3m

Gross profit

483.9m512.1m524.8m576.1m616.6m545.1m690.8m703.8m722.7m789.8m

Gross profit Margin, %

85%85%85%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, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

1.0b970.6m916.7m1.2b1.2b1.3b1.8b1.5b1.5b2.3b

Accounts Receivable

326.3m359.9m427.4m429.9m418.4m531.5m499.0m516.0m732.8m529.1m

Prepaid Expenses

159.8m149.2m156.6m192.6m213.3m216.0m247.2m247.2m241.1m250.6m

Current Assets

1.9b1.8b1.9b2.3b2.3b2.5b2.9b2.6b3.0b3.3b
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, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

61.2m120.0m187.9m73.2m170.0m271.4m113.2m200.0m294.5m141.1m

Depreciation and Amortization

20.7m41.9m63.7m21.8m46.0m71.5m27.1m53.7m80.5m36.8m

Accounts Payable

(58.3m)

Cash From Operating Activities

232.3m329.1m465.5m257.9m400.8m561.1m346.2m479.0m615.7m460.0m
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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
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 Online and Social Media Presence

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Red Hat News and Updates

Q&A: Red Hat prepares as the 5G, edge computing wave approaches

The future is technologically complex. 5G, edge computing, open-source software, the internet of things, and hybrid cloud are combining to bring about a tsunami of change. That this mass convergence of high-tech advances will fuel yet another transformation of communication. What companies want to …

Microsoft beefs up Azure’s Kubernetes features and Red Hat integrations

Microsoft Corp. today introduced two updates for Azure, one focused on its managed Kubernetes service and another on Red Hat workloads, that should allow the cloud platform to better accommodate enterprises running a variety of different application types. The container-themed update takes the form…

Red Hat deploys ACM for Kubernetes to boost automation in OpenShift

Red Hat Inc. is looking to take its enterprise standing a notch higher with the launch of Advanced Cluster Management for Kubernetes, the open-source platform for managing and deploying containerized software applications. It’s an effort by Red Hat to scale up its OpenShift platform with ACM in sup…

Red Hat tackles complex virtualization, scaling questions through OpenShift automation boost

As the world tackles a global pandemic, the conversation around the practical implications of virtualization and scaling of enterprises is being tested like no other time. Companies are wrestling with many questions such as, how much consistency does there need to be from all of the options within …

Red Hat CEO Paul Cormier: Open hybrid cloud will be key part of strategy

Words matter and Red Hat Inc. has drawn a careful distinction between an open hybrid cloud and multicloud. According to the open-source software giant, now owned by IBM Corp., a hybrid cloud coordinates tasks running in different environments. Multicloud is simply using different cloud platforms, r…

Red Hat doubles down on Kubernetes with Summit rollouts

Red Hat Inc. is stepping up its support for Kubernetes, the orchestration manager for software containers, with a trio of new and enhanced products that it’s rolling out today at its virtual Red Hat Summit. OpenShift virtualization, which is available as a technology preview within Red Hat OpenShif…
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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, Paul Cormier and Ashesh Badani.

  • What is Red Hat revenue?

    Latest Red Hat annual revenue is $3.4 b.

  • Who are Red Hat competitors?

    Competitors of Red Hat include Nutanix, TIBCO Software and Vmware.

  • 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 85 other locations.

  • How many offices does Red Hat have?

    Red Hat has 99 offices.