Red Hat

Technology enterprise software open source

Red Hat provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Its products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services.

Revenue(FY, 2017)

$2.4 B

Market capitalization(2018-04-20)

$29.7 B

Type

Public

Raleigh, US

Founded

1993

Size (employees)

10,500 (est)

Website

redhat.com

Red Hat was founded in 1993 and is headquartered in Raleigh, US

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Key People/Management at Red Hat

James Whitehurst

President and Chief Executive Officer

Paul Cormier

Executive Vice President and President, Products and Technologies

Mike Kelly

Chief Information Officer

Eric Shander

Executive Vice President and Chief Financial Officer

Rick Akie

Senior Vice President and General Manager, Commercial Sales, North America

Michael Cunningham

Executive Vice President and General Counsel

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Red Hat Office Locations

Red Hat has an office in Raleigh

Raleigh, US (HQ)

100 East Davie Street Raleigh

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Red Hat Financials and Metrics

Red Hat Financials

Red Hat's revenue was reported to be $2.41 b in FY, 2017 which is a 17.5% increase from the previous period.

Summary

USD
Net income (Q3, 2018)	271.4 m
EBIT (Q3, 2018)	340.6 m
Market capitalization (20-Apr-2018)	29.7 b
Cash (30-Nov-2017)	1.3 b

Red Hat's current market capitalization is $29.7 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	1.3 b	1.8 b	2.1 b	2.4 b
Revenue growth, %	1%	34%	15%	18%
Cost of goods sold	232.6 m	273.2 m	309.6 m
Gross profit	1.1 b	1.5 b	1.7 b

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Revenue	445.9 m	455.9 m	481 m	504.1 m	523.6 m	567.9 m	599.8 m	615.3 m	676.8 m	723.4 m
Cost of goods sold										106.7 m
Gross profit										616.6 m
Gross profit Margin, %										85%

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Source: SEC Filings

Balance Sheet

Annual

USD	Y, 2014	Y, 2015	Y, 2016	FY, 2017
Cash	646.7 m	1 b	927.8 m	1.1 b
Accounts Receivable				183 m
Inventories
Current Assets	1.6 b	2 b	1.9 b	2.3 b

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Cash	596.8 m	642.1 m	564.1 m	585.4 m	884 m	990.9 m	991.6 m	942 m	1 b	970.6 m	916.7 m	1.2 b	1.2 b	1.3 b
Current Assets	1.3 b	1.5 b	1.3 b	1.3 b	1.7 b	1.7 b	1.7 b	1.8 b	1.9 b	1.8 b	1.9 b	2.3 b	2.3 b	2.5 b
Goodwill	690.3 m	687.5 m	817.3 m	870.1 m	939.6 m	924.7 m	928.2 m	1 b	1 b	1.1 b	1 b	1 b	1.1 b	1.1 b
Total Assets	2.7 b	2.9 b	3.1 b	3.1 b	3.5 b	3.8 b	3.8 b	3.9 b	4.1 b	4.1 b	4.1 b	4.5 b	4.6 b	4.8 b

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	178.3 m	180.2 m	199.4 m	253.7 m
Depreciation and Amortization	74.4 m	76.3 m	76.1 m	85.3 m
Inventories
Accounts Payable	28.4 m	71 m	62.4 m	71 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Net Income	40.8 m	52 m	37.7 m	46.8 m	47.9 m	48.1 m	51.4 m	46.8 m	61.2 m	58.8 m	67.9 m	73.2 m	96.9 m	271.4 m
Depreciation and Amortization	18.4 m	19 m	18.9 m	19.5 m	18.7 m	18.5 m	18.5 m	19.9 m	20.7 m	21.2 m	21.9 m	21.8 m	21.1 m	71.5 m
Accounts Payable	38.9 m	12.3 m	2.7 m	27.3 m	26.3 m	(52.3 m)	34.4 m	21.9 m	(38.1 m)	18.6 m	(10.8 m)	(55.3 m)	2 m	(17.8 m)
Cash From Operating Activities	118.9 m	95.2 m	164.7 m	107.7 m	133 m	208.8 m	120.3 m	139.6 m	232.3 m	96.8 m	136.4 m	257.9 m	142.9 m	561.1 m