New managed cloud models, service-level agreements and pricing are Rackspace’s way of saying if you want cheap, commodity cloud, look elsewhere.
New managed cloud models, service-level agreements and pricing are Rackspace’s way of saying if you want cheap, commodity cloud, look elsewhere.
(Reuters) – Rackspace Hosting Inc reported better-than-expected quarterly results as demand rose for its web-hosting services, and the company forecast current-quarter revenue above Wall Street estimates. Rackspace forecast revenue of $434 million-$440 million for the second quarter ending June. Analysts on average were expecting revenue of $435.5 million, according to Thomson Reuters I/B/E/S. \”We are […]
(Reuters) – Web hosting company Rackspace Hosting Inc reported a 30 percent drop in quarterly profit as expenses rose and said CEO Lanham Napier retired, sending its shares down 13 percent in extended trading. Net income fell to $20.8 million, or 14 cents per share, in the fourth quarter, from $29.9 million, or 21 cents […]
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