Red Hat Recognized by Forbes as One of the World's Most Innovative Companies
August 25 2015 - 9:30AM
Business Wire
Forbes ranks Red Hat as 26th Most Innovative
Company in the World
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open
source solutions, today announced that it has once again been named
to Forbes' list of the “World's Most Innovative Companies.” Red Hat
was ranked at 26 on the list, which recognizes a total of 100
companies from around the world. It is the third time Red Hat has
been honored by Forbes.
The list of the World's Most Innovative Companies is compiled
using “...investors' ability to identify firms they expect to be
innovative now and in the future.” Companies are ranked based on
Forbes' “Innovation Premium,” which, according to the publication,
“is calculated first by projecting a company’s income (cash flows,
in this case) from its existing businesses and looking at the net
present value (NPV) of those cash flows.” Forbes compares this base
value with companies' current Enterprise Value (EV). Companies with
an EV above the base value have an innovation premium built into
their stock price.
Supporting Quotes
Jim Whitehurst, president and CEO, Red Hat
“It's an honor to be named to Forbes' World's Most Innovative
Companies for the third time, especially as this year's list
continues to highlight the innovation powering companies across all
industries, not just technology. It is this same commitment to
innovation that drives Red Hat and has been key to the success of
both our open source products and our business at-large, proving
the continued adaptability and viability of our model in the
ever-changing business world.”
Additional Resources
- View the full list of Forbes' “World's
Most Innovative Companies” of 2015
- Learn more about how Forbes determines
the most innovative companies
- Read more about the research behind
Forbes' Innovator's Methodology
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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 a 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.
Forward-Looking Statements
Certain statements contained in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements provide current expectations of future events based on
certain assumptions and include any statement that does not
directly relate to any historical or current fact. Actual results
may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including:
risks related to the ability of the Company to compete effectively;
the ability to deliver and stimulate demand for new products and
technological innovations on a timely basis; delays or reductions
in information technology spending; the effects of industry
consolidation; the integration of acquisitions and the ability to
market successfully acquired technologies and products; uncertainty
and adverse results in litigation and related settlements; the
inability to adequately protect Company intellectual property and
the potential for infringement or breach of license claims of or
relating to third party intellectual property; 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 and Red Hat Enterprise Linux are
trademarks of Red Hat, Inc., registered in the U.S. and other
countries. Linux® is the registered trademark of Linus Torvalds in
the U.S. and other countries.
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Red HatEmily Stancil Martinez,
919-301-3010emartinez@redhat.com
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