Forbes Magazine recognizes Red Hat as one of the top 20 global
innovators
RALEIGH, N.C.--(BUSINESS WIRE)--
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source
solutions, today announced that the company has been named one of the "World's
Most Innovative Companies" by Forbes magazine. Forbes
named Red Hat the 12th most innovative company on its global
list, and the eighth most innovative company in North America. Red Hat
was one of only two enterprise IT systems software companies recognized
by Forbes.
To be considered as one of the world's most innovative companies by Forbes,
"...companies are ranked by their innovation premium: the difference
between their market capitalization and a net present value of cash
flows from existing businesses (based on a proprietary formula from
Credit Suisse HOLT). The difference between them is the bonus given by
equity investors on the educated hunch that the company will continue to
come up with profitable new growth." Additionally, organizations on the
list must have seven years of financial data and at least a $10 billion
market cap.
Supporting Quote
Jim Whitehurst, president and CEO, Red Hat
"At Red Hat, we take pride in catalyzing innovation as one of our
business's core building blocks, from how we engineer and develop
products and work with upstream open source communities to how we manage
our people and interact with partners. Forbes' recognition of Red
Hat as a top global innovator illustrates the power of open,
community-driven innovation and the critical role that this movement
will have on the future of technology, in the enterprise and beyond."
Additional Resources
Connect with Red Hat
About Red Hat, Inc.
Red Hat is the world's leading provider of open source software
solutions, using a community-powered approach to reliable and
high-performing cloud, Linux, middleware, storage and virtualization
technologies. Red Hat also offers award-winning support, training, and
consulting services. As the connective hub in a global network of
enterprises, partners, and open source communities, Red Hat helps create
relevant, innovative technologies that liberate resources for growth and
prepare customers for the future of IT. Learn more at http://www.redhat.com.
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"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
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any historical or current fact. Actual results may differ materially
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various important factors, including: risks related to delays or
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integration of acquisitions and the ability to market successfully
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Company intellectual property and the potential for infringement or
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and technological innovations on a timely basis; risks related to data
and information security vulnerabilities; ineffective management of, and
control over, the Company's growth and international operations;
fluctuations in exchange rates; and changes in and a dependence on key
personnel, as well as other factors contained in our most recent
Quarterly Report on Form 10-Q (copies of which may be accessed through
the Securities and Exchange Commission's website at http://www.sec.gov),
including those found therein under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results
of Operations". In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general
factors including (without limitation) general industry and market
conditions and growth rates, economic and political conditions,
governmental and public policy changes and the impact of natural
disasters such as earthquakes and floods. The forward-looking statements
included in this press release represent the Company's views as of the
date of this press release and these views could change. However, while
the Company may elect to update these forward-looking statements at some
point in the future, the Company specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the date
of this press release.
Red Hat is a trademark of Red Hat, Inc., registered in the U.S. and
other countries.
Red Hat, Inc.
Stephanie Wonderlick, 571-421-8169
swonderl@redhat.com
Source: Red Hat, Inc.
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