Five Companies That Came To Win This Week


Rackspace Revenue, Profit Jumps In Sizzling Q2

Cloud computing is driving an explosion of demand for specialized service providers. This trend, combined with a growing customer base and the rollout of its OpenStack public cloud platform, bodes well for Rackspace, which posted strong second-quarter financials this week.

San Antonio-based Rackspace posted revenue of $319 million, up 29 percent from $247.2 million for the same period a year ago. For the quarter ending June 30, net income reached $25 million, up 43 percent from $17.6 million in the year-ago quarter. Rackspace also added more than 10,000 new customers during the quarter, bringing its total to 190,958.

 



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