Cloud Computing: Rackspace sales and profits pop in Q3
November 7, 2012
Grazed from The Register. Author: Timothy Prickett Morgan.
The cloud computing wave and the goodwill and technical expertise that Rackspace Hosting has attained through its founding of the OpenStack cloud control freak, more than two years ago, are helping to puff up the company’s finances. Both revenues were up 27 percent and net income was up 36 per cent in the third quarter, to $336m and $27.2m, respectively.
If there is a jittery economy, Rackspace is benefitting from it. And perhaps, now that it has shifted its compute cloud to OpenStack and is now operating the largest public cloud based on that control freak in the world as well as helping to code it, it is also benefitting from some migrations off Amazon Web Services, which has had a number of challenges with outages this summer and fall…
In the quarter ended in September, dedicated cloud revenues, which includes traditional hosting as well as managed infrastructure in private clouds operated by Rackspace on behalf of customers in their own sites or in co-location facilities, drove $256.6m in sales, up 19.9 per cent compared to the year-ago period. Public cloud revenues shot up 56.7 per cent to $79.4m. And that was with only two months of OpenStack-driven clouds available…
Read more from the source @ http://www.theregister.co.uk/2012/11/07/rackspace_q3_2012_numbers/