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Red Hat

RHT

The company that popularized open-source software for servers has long rewarded investors, with total shareholder returns averaging 29% annually over the past three years. Red Hat hit a speed bump during the second quarter, missing its expected revenue marks and spooking the markets; the company attributed the decline to an anomaly having to do with a past change in its contract model. But revenues still grew by 14% year over year, and among the top 25 customers that renewed, the average contract was at 115% of its previous value.

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Overall Score

3.1

Sector

Technology

Industry

Software

CEO

James M. Whitehurst

Employees

11,870

HQ Location

Raleigh, N.C.

Revenues ($M) (Past 12 Months)

$3,157

Profits ($M) (Past 12 Months)

$289

Market Value as of Oct. 10, 2018 ($M)

$20,709

Revenue and net income for 12 months ended Aug. 31, 2018. Sources: Bloomberg; S&P Global.

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