Rackspace Revenue Tops, Execs Mum On Company Sale

By | August 12, 2014

Scalper1 News

Rackspace Hosting (RAX) late Monday reported Q2 profit flat from a year earlier, in line with views, as revenue rose 17%, ahead of expectations. Rackspace gave no update on a company sale on its earnings call. Shares in the cloud computing and Web hosting service company were little changed before the market open on the stock market today. San Antonio, Tex.-based Rackspace said it earned 16 cents per share, the same as a year earlier. Revenue Scalper1 News

Scalper1 News