Red Hat, Inc. is a company dedicated to free and open source software and a major Linux distribution vendor. The Company is best known for its enterprise operating system Red Hat Enterprise Linux, and more recently through the acquisition of open source enterprise middleware vendor JBoss. Red Hat provides operating system platforms along with middleware, applications, and management solutions, as well as support, training, and consulting services.
Company Growth (employees)
Type
Public
HQ
Raleigh, US
Founded
1993
Size (employees)
8,800 (est)
Website
redhat.com
Red Hat was founded in 1993 and is headquartered in Raleigh, US

Key People at Red Hat

Paul Cormier

Paul Cormier

Executive vice president and president, Products and Technologies
Mandeep Chaddha

Mandeep Chaddha

Vice president of Operations and Enterprise Data Strategy
DeLisa Alexander

DeLisa Alexander

Executive vice president and chief people officer
Michael Cunningham

Michael Cunningham

Executive vice president and general counsel

Red Hat Office Locations

Red Hat has an office in Raleigh
Raleigh, US (HQ)
100 East Davie Street Raleigh

Red Hat Data and Metrics

Red Hat Financial Metrics

Red Hat's revenue was reported to be $2.4 b in FY, 2017 which is a 18% increase from the previous period.
USD

Revenue (FY, 2017)

2.4 b

Revenue growth (FY, 2016 - FY, 2017), %

18%

Net income (FY, 2017)

253.7 m

EBIT (FY, 2017)

332.2 m

Market capitalization (19-Jul-2017)

17.6 b

Closing share price (19-Jul-2017)

98.6

Cash (28-Feb-2017)

1.1 b
Red Hat's current market capitalization is $17.6 b.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

909.3 m1.1 b1.3 b1.3 b1.8 b2.1 b2.4 b

Revenue growth, %

25%17%1%34%15%18%

Cost of goods sold

232.6 m273.2 m309.6 m

Gross profit

1.1 b1.5 b1.7 b

Gross profit Margin, %

83%85%85%

Sales and marketing expense

597.9 m728.4 m849 m1 b

R&D expense

317.3 m367.9 m413.3 m480.7 m

General and administrative expense

152.4 m170.1 m192.3 m208.5 m

Operating expense total

1.1 b1.3 b1.5 b1.7 b

EBIT

232.3 m250 m288 m332.2 m

EBIT margin, %

17%14%14%14%

Interest expense

267 k160 k9.4 m23.1 m23.8 m

Interest income

6.6 m8.3 m11.7 m13.9 m

Pre tax profit

239.5 m255.5 m274.9 m320.2 m

Income tax expense

46.4 m61.4 m59.5 m61.3 m75.3 m75.5 m66.5 m

Net Income

178.3 m180.2 m199.4 m253.7 m
USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016FY, 2017

Cash

388.1 m642.6 m549.2 m487.1 m646.7 m1 b927.8 m1.1 b

Accounts Receivable

183 m

Current Assets

1.6 b2 b1.9 b2.3 b

Goodwill

687.4 m927.1 m1 b1 b

Total Assets

3.1 b3.8 b4.2 b4.5 b

Accounts Payable

179.5 m237.7 m284.8 m377 m

Current Liabilities

1.1 b1.3 b1.6 b1.9 b

Additional Paid-in Capital

1.9 b2 b2.2 b2.3 b

Retained Earnings

720.2 m900.4 m1.1 b1.4 b

Total Equity

1.6 b1.3 b1.3 b1.2 b

Financial Leverage

2 x3 x3.1 x3.6 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

178.3 m180.2 m199.4 m253.7 m

Depreciation and Amortization

74.4 m76.3 m76.1 m85.3 m

Accounts Receivable

(62 m)(120 m)(48 m)(119.1 m)

Accounts Payable

28.4 m71 m62.4 m71 m

Cash From Operating Activities

540.6 m622.8 m716.1 m783.7 m

Purchases of PP&E

(79.6 m)(45.6 m)(41.6 m)(69.1 m)

Cash From Investing Activities

(108.3 m)(325 m)(512.1 m)(110.1 m)

Cash From Financing Activities

(263.1 m)148.2 m(307.6 m)(504.2 m)

Interest Paid

43 k52 k2 m2.1 m

Income Taxes Paid

34.7 m33.7 m63.4 m56.7 m
USDY, 2017

Revenue/Employee

274.1 k

Financial Leverage

3.6 x

Red Hat Operating Metrics

FY, 2015FY, 2016FY, 2017

Bookings

$1.86 b$2.13 b$2.75 b

    Red Hat Market Value History

    Red Hat Revenue Breakdown

    Red Hat Median Salaries

    Source: 127 public H-1B filings from Red Hat

    Red Hat Online and Social Media Presence

    Red Hat Company Life and Culture

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