Rackspace Cloud Computing Hosting Rises on Q2 Earnings Results
August 4, 2011
Shares of Rackspace Hosting (NYSE: RAX) are trading higher in the after-hours following the release of the company’s Q2 
Rackspace Hosting reported Q2 EPS of $0.13 on revenues of $247.2 million; the Street was looking for $0.12 per share on revenues of $241.6 million. Revenues increased 32% year over year and 7.5% sequentially.
"This past quarter we made good progress toward our goal of accelerating revenue growth while strengthening the business. While we still have lots to accomplish throughout the year, we remain on the right track to achieve our goals for 2011," said Karl Pichler, chief financial officer.
Rackspace Hosting, Inc. operates in the hosting and cloud computing industry. It offers its products under the Fanatical Support brand. As of December 31, 2010, the company’s are sold to businesses in more than 120 countries.