Rackspace: Second Quarter Better Than Expected

| About: Rackspace Hosting, (RAX)

Rackspace (NYSE:RAX) 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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Tagged: , Internet Software & Services, Earnings
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