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

4.2More
TypeSubsidiary
Parent CompanyIBM
HQRaleigh, US
Founded1993
Websiteredhat.com
Cybersecurity ratingBMore
Red Hat was founded in 1993 and is headquartered in Raleigh, US

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Key People/Management at Red Hat

Paul Cormier

Paul Cormier

President and Chief Executive Officer
Matt Lyteson

Matt Lyteson

Senior Director, Digital Solutions Delivery
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
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Red Hat Office Locations

Red Hat has offices in Raleigh, Ann Arbor, Atlanta, Boston and in 84 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, 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$3.40 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Red Hat Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Red Hat Online and Social Media Presence

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Red Hat Blogs

Using open source and open data to address educational disparities

At the end of May, Red Hat made a statement of solidarity with the Black community. As part of that, Blacks United in Leadership and Diversity (B.U.I.L.D.), one of our associate-led Diversity and Inclusion (D&I) communities, selected the Southern Coalition for Social Justice (SCSJ) to receive a …

Helping standardize machine learning: Red Hat joins MLCommons as founding member

Red Hat is excited to announce that we have joined MLCommons, an open engineering consortium that curates the MLPerf benchmarking suite, as a founding member. MLCommons will be focusing on three important pillars to support the artificial intelligence (AI) and machine learning (ML) community: benchm…

The rise of the Robot Operating System

Having your work covered in a documentary like How to Start a Robot Revolution — a five-part documentary in the Open Source Stories series from Red Hat — is bound to make you feel old.

Updates to Container Tools in Red Hat Enterprise Linux 8.3

The launch of Red Hat Enterprise Linux (RHEL) 8.3, brings with it a host of new container capabilities. This builds on the work done in RHEL 8.2 (New container capabilities in Red Hat Enterprise Linux 8.2) and gives users even more reasons to upgrade from RHEL 7. Here’s a quick summary:

Red Hat Software Collections 3.6 and Red Hat Developer Toolset 10 now Generally Available

The latest versions of Red Hat Software Collections and Red Hat Developer Toolset are now generally available. Red Hat Software Collections 3.6 delivers the latest stable versions of many popular open source runtime languages, web servers and databases natively to the world’s leading enterprise Linu…

2021 Global Tech Outlook, A Red Hat Report: Digital transformation, security and hybrid cloud use stand out

When we surveyed IT leaders this year to learn about their technology goals for 2021, we were curious about the impact of COVID-19 on planning and how we can best meet our customers where they are for the coming year. What we learned? Digital transformation and security remain important, and more th…
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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, Matt Lyteson and Mike Kelly.

  • How many employees does Red Hat have?

    Red Hat has 15,924 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 $211.1 k.

  • Who are Red Hat competitors?

    Competitors of Red Hat include Nemetschek, TIBCO Software and Pegasystems.

  • 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 84 other locations.

  • How many offices does Red Hat have?

    Red Hat has 98 offices.