Rackspace second quarter better than expected

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.

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