Rackspace second quarter better than expected

Summary:Rackspace Hosting's second quarter results topped estimates as revenue surged from the year ago quarter.

Rackspace Hosting's second quarter results topped estimates as revenue surged from the year ago quarter.

The hosting and cloud computing company said revenue was $187.3 million, up 23.2 percent from a year ago (statement). Of that sum, managed hosting revenue was $164.1 million. Cloud computing revenue was $23.2 million. Net income for the second quarter was $11.19 million, or 8 cents a share. Wall Street was expecting earnings of 7 cents a share on revenue of $186.8 million.

By the numbers:

  • Total server count in the second quarter was 61,874, up from 59,876 at the end of the first quarter.
  • Rackspace had 108,023 total customers in the quarter.
  • The company had $148.5 million in cash and equivalents and employed 3,002 people.

Related:

Topics: Banking, Enterprise Software

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.