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
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 88 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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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$3.4 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 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+

    77/100

  • CEO Rating

    A+

    87/100

  • Compensation

    A-

    76/100

  • Diversity

    A-

    75/100

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Red Hat News and Updates

Kasten by Veeam Announces Availability of Kasten K10 Data Management Platform for Kubernetes Application Backup and Mobility on Red Hat Marketplace

COLUMBUS, Ohio, July 21, 2021 /PRNewswire/ -- Kasten by Veeam, the market leader for Kubernetes data management, today announced that the Kasten K10 data management platform is now available through Red Hat Marketplace. Red Hat Marketplace is an open cloud marketplace for enterprise...

Red Hat embraces quantum supremacy as it looks to the future

Since its founding in 1993, Red Hat Inc. has seen significant growth and witnessed first hand the transformation from an analog to a digital economy. With years of experience under its belt, Red Hat is looking on the horizon to prepare for emerging technology with its partnership with IBM Corp., gi…

Deloitte, Red Hat team up to help organizations in their hybrid cloud journeys

As the pandemic nears an end, the need for a virtual ecosystem that can serve the public without unnecessary face-to-face interactions will continue on. Digital transformation is no longer optional as several enterprises scramble to transfer their workloads to the cloud as the digital economy takes…

Consistency-for-all is goal of managed cloud from Red Hat

The new, managed cloud services portfolio from Red Hat Inc. means managed OpenShift is now available on all the major cloud services, according to a Red Hat executive recently. That Kubernetes distribution is a managed service now on Amazon AWS, Azure, Google Cloud Platform and IBM Cloud. Evolving …

Organizations need OpenShift add-on security, says Red Hat executive

Enterprise, open-source solutions provider Red Hat Inc. has begun to articulate how it sees its acquisition of StackRox Inc., the Kubernetes-native security solution, playing out. That includes StackRox’s name change to Red Hat Advanced Cluster Security for Kubernetes, or RHACS (and sometimes just …

MinIO Announces Availability of MinIO Hybrid Cloud Object Storage on Red Hat Marketplace

Together MinIO and Red Hat bring multi-tenant Kubernetes-native object-storage-as-a-service within reach of every IT shop and DevOps team Together MinIO and Red Hat bring multi-tenant Kubernetes-native object-storage-as-a-service within reach of every IT shop and DevOps team
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Red Hat Blogs

Getting to know Giang Dao, Red Hat country manager for Vietnam

We’re delighted to welcome Giang Dao to Red Hat as a country manager for Vietnam. In the new role, Dao will be responsible for Red Hat’s business operations in one of ASEAN’s fastest-growing markets.

Friday Five — July 23, 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.

The Ceph open source community: Powering Red Hat’s data services portfolio

Every product we offer at Red Hat is rooted in one or more "upstream" open source projects and communities. For Red Hat Data Services, one of our most important communities is Ceph, which has exciting developments underway.

How Red Hat is evolving to keep the world connected

At MWC in Barcelona this year, we saw the industry is ready to meet the needs of their customers with outstanding achievements in radio access network (RAN) technology, artificial intelligence and machine learning (AI/ML), edge computing and more. As we stand at this industry inflection point, Red H…

Automate performance metrics collection and visualization with RHEL System Roles

Performance metric tracking with Performance Co-Pilot (PCP) and Grafana can be useful in almost any RHEL environment. However, the process to get it set up across a large number of hosts might seem daunting at first. This is why Red Hat introduced a Metrics System Role,  which automates the configur…

Services sessions from Red Hat Summit 2021 to catch on demand

Beyond the latest and greatest in Linux, Kubernetes, and cloud technology, Red Hat Summit Virtual Experience also included a host of Red Hat Services sessions focusing on processes and culture. Catch up on the sessions you might have missed to take the next step in your organization’s digital transf…
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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 17,770 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 $189.2 k.

  • Who are Red Hat competitors?

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

  • 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 88 other locations.

  • How many offices does Red Hat have?

    Red Hat has 98 offices.