Red Hat

Technology enterprise software open source

Red Hat is a multinational software company engaged in providing open-source software products to the enterprise community. The Company is dedicated to free and open source software and is a major Linux distribution vendor . It 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.

Revenue(FY, 2017)

$2.4 B

Market capitalization(2017-09-19)

$19.5 B

Company Growth (employees)

Type

Public

Raleigh, US

Founded

1993

Size (employees)

10,500 (est)+20%

Website

redhat.com

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

Key People at Red Hat

Paul Cormier

Executive vice president and president, Products and Technologies

Mandeep Chaddha

Vice president of Operations and Enterprise Data Strategy

DeLisa Alexander

Executive vice president and chief people officer

Michael Cunningham

Executive vice president and general counsel

Mike Kelly

Chief information officer

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

Summary

USD

Red Hat's current market capitalization is $19.5 b.

Income Statement

Annual

USD	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	909.3 m	1.1 b	1.3 b	1.3 b	1.8 b	2.1 b	2.4 b
Revenue growth, %		25%	17%	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
Sales and marketing expense	174.5 m	187.2 m	198.9 m	205.1 m	215.8 m	243.2 m	253.3 m	267.1 m	296.5 m
R&D expense	95.3 m	90.6 m	97.4 m	102.5 m	104.9 m	115 m	121.3 m	122.5 m	137.2 m
General and administrative expense	44.7 m	39.5 m	42.4 m	44.1 m	53 m	50.2 m	55.7 m	54.5 m	54.9 m
Operating expense total	314.5 m	317.3 m	338.7 m	351.7 m	373.7 m	408.5 m	430.3 m	444 m	488.5 m

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Balance Sheet

Annual

USD	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	Y, 2016	FY, 2017
Cash	388.1 m	642.6 m	549.2 m	487.1 m	646.7 m	1 b	927.8 m	1.1 b
Accounts Receivable								183 m
Current Assets					1.6 b	2 b	1.9 b	2.3 b
Goodwill					687.4 m	927.1 m	1 b	1 b

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	585.4 m	884 m	990.9 m	991.6 m	942 m	1 b	970.6 m	916.7 m	1.2 b
Current Assets	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
Goodwill	870.1 m	939.6 m	924.7 m	928.2 m	1 b	1 b	1.1 b	1 b	1 b
Total Assets	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

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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
Accounts Receivable	(62 m)	(120 m)	(48 m)	(119.1 m)
Accounts Payable	28.4 m	71 m	62.4 m	71 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	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
Depreciation and Amortization	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
Accounts Receivable	(18.3 m)	(75.9 m)	179.4 m	(17.9 m)	(97 m)	190.3 m	(30.7 m)	(73.1 m)	208.8 m
Accounts Payable	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)