Tag Archives: rax

Rackspace Rises On Q3 Beat; Hybrid Cloud ‘Not Dead’

Rackspace Hosting (RAX) stock jumped in early trading Tuesday after the Web hosting and cloud computing services provider late Monday reported Q3 earnings and revenue that solidly topped expectations. Rackspace said earnings rose 44% from the year-earlier quarter to 26 cents per share, as revenue increased 11% to $508.9 million. Analysts had modeled revenue of $503.2 million and EPS of 20 cents. “Revenue outperformance was driven by large deals

Rackspace, Amazon Cloud Deal Gets Done, Upside?

Rackspace Hosting (RAX) has clinched a customer support deal with Amazon Web Services, the leader in cloud computing services. The deal had been expected as Rackspace’s business model evolves toward support of third-party cloud platforms, including Microsoft’s (MSFT) Azure service. San Antonio-based Rackspace’s stock edged down in mid-day trading on the stock market today. AWS, e-commerce leader Amazon.com’s (AMZN) cloud computing unit, is by far

Amazon Cloud Price Cuts Coming Vs. Microsoft, Google?

There’s a good chance Amazon.com’s (AMZN) cloud computing service business will announce price cuts at a user conference next week, says Oppenheimer in a research report. Amazon will host its “AWS re:Invent” conference in Las Vegas Tuesday through Oct. 9. Fast-growing Amazon Web Services for years has been an aggressive price cutter — putting pressure on rivals Microsoft (MSFT), Google (GOOGL), IBM (IBM) and Rackspace Hosting (RAX), but it hasn’t