Tuesday, August 12, 2014

Rackspace Reports Record Growth In Q2

San Antonio-based Rackspace Hosting said Monday afternoon that it saw record growth in its second quarter of th year, reporting net revenues of $441M. The company said the results were up 17 percent from the second quarter of 2013, and up 4.8 percent from the prior quarter. The company attributed the growth to both new customers and growth from its existing customer base. Rackspace said it now expects a quarter-over-quarter sequential net revenue growth of 3 to 4.5 percent.