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The kernel of open-source operating systems may lie inside the ubiquitous Linux platform, but Red Hat is the farmer that distributes the seed to the masses. Founded in 1993, Red Hat has worked with companies from Barclays to Sprint, who utilize its software. Revenues last year exceeded $2 billion, making Red Hat the world’s first open-source company to hit that milestone. With around 70% of its sales subscription-based, it’s focused on working with third-party cloud service providers to run its software. One of the 150 providers that do is [f500link]Microsoft[/f500link] Azure—a once-unthinkable alliance for Red Hat, given that Microsoft is the creator of competing Windows OS.

Company Information

* Market value has risen above $20 billion since screening was completed.
Overall Score3
Sector
Technology
Industry
Computer Software
CEO
James M. Whitehurst
Websitehttp://www.redhat.com
Employees10,500
HQ Location
Raleigh, N.C.
Revenues ($M) (Past 12 Months)$2,644
Profits ($M) (Past 12 Months)$304
Market Value as of Oct. 9, 2017 ($M)$20,715