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For the second year in a row, we’re excited to announce that Fortune has named Red Hat to its list of the Most Admired Companies. Last year was a standout year for us. It was full of compelling customer results, Red Hat milestones (like our 25th anniversary), new and expanded collaborations (such as our solution announcements with Microsoft and IBM at Red Hat Summit 2018), exciting product innovations (including Red Hat Enterprise Linux 8 Beta, the CoreOS integration with Red Hat Openshift Container Platform, Red Hat Fuse Online, and Red Hat Process Automation Manager 7), community engagement (GPL Cooperation Commitment expansion), and continuing to help spread open source throughout tech and into other industries. In recognition of this momentum, we are ranked eighth within the computer software category.
Open source is no longer a question, it’s a go-to from the datacenter to the cloud. Open source has revolutionized the software industry and it continues to be the driving force behind much of the technology innovation happening today. Enterprises understand the power of open source like never before because of the challenges they are facing with digital transformation efforts. As the waves of disruption continue to come, more organizations are embracing a combination of culture and technology to adapt and thrive. We believe that this growing shift to an open approach in both IT and business is reflected in our position on this list.
Fortune describes the Most Admired Companies list, published since 1983, as "the definitive report card on corporate reputations." To compile the list, Fortune partnered with Korn Ferry Hay Group, a global management consulting group. Fortune surveys top executives and directors from eligible companies, along with financial analysts, to identify the companies that enjoy the strongest reputations within their industries and across industries. This year, 675 of the highest-revenue companies in 56 industries were surveyed. To be eligible to be ranked, four factors were considered: revenue size; country; past performance; and willingness to participate in the survey. From there, executives and directors from the top-rated companies in that group, along with industry analysts, were invited to rate enterprises in their own industry. Enterprises were rated on nine criteria: innovativeness; effectiveness in doing business globally; long-term investment value; financial soundness; quality of management; products; social responsibility to the community and the environment; and ability to attract and retain talented people.
We’re honored to be included on the list and excited to be listed alongside prestigious companies, many of which are customers and partners. Above all, we are proud of the Red Hatters around the world who are committed and passionate about both Red Hat and the open source community; this recognition is a direct result of their efforts.
Fortune’s 2019 Most Admired Companies list is featured in its February issue and online at http://fortune.com/worlds-most-admired-companies/.