Internet News

Rackspace Hosting 2nd-qtr profit rises

Tue, 7th Aug 2012 21:20

Aug 7 (Reuters) - Rackspace Hosting Inc reported a rise in its second-quarter profit, helped b

y increased demand from small-sized cloud computing firms looking to host their applications on the Web.

Net income for the second quarter was $25.1 million, or 18 cents a share, compared with $17.6 million, or 13 cents per share, a year ago.

Revenue for the company, which provides managed hosting services, rose 29 percent to $319.0 million.

(Reporting by Siddharth Cavale and Supantha Mukherjee in Bangalore; Editing by Sreejiraj Eluvangal) Keywords: RACKSPACE RESULTS/

(siddharth.cavale@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135 5800)(Reuters Messaging: siddharth.cavale.reuters.com@reuters.net)

COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Back to Internet News

Datafeed and UK data supplied by NETbuilder and Interactive Data. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.