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Follow on Google News | Red Hat Recognized by Forbes as One of the World's Most Innovative CompaniesForbes ranks Red Hat as 26th Most Innovative Company in the World
By: Red Hat 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.” 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-LookingStatements 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; ### 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. End
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