How is Red Hat’s (RHT) emerging OpenStack business shaping up? The VAR Guy checked the Linux company’s latest SEC filing and found nothing — not a single mention of OpenStack, the open source cloud platform. At first glance that’s a huge concern. But take a closer look and you’ll learn why The VAR Guy didn’t go into panic mode. Nor should you. Here’s why.
First a little background: Red Hat now offers its own OpenStack distribution, which customers and partners can use to build public and private clouds. It sounds promising — and strategic. Back in June 2013, Red Hat mentioned OpenStack 32 times during an earnings call with Wall Street analysts. But the company also conceded that Red Hat OpenStack would not generate substantial revenues anytime soon.