Rackspace Racks Up the Growth

Filed under: Technology

Rackspace (RAX) is one of the top players in the web-hosting business. While the industry is a fairly stable, it is also prone to commoditization. Yet, Rackspace has continued to innovate and add new capabilities to differentiate its offerings. The upshot is that the company has had a nice growth ramp. True, the stock price has been somewhat erratic but this is likely to change. After all, the company posted another strong quarter.



In Q2, revenues spiked 23.2% to $187.3 million. This also represented a nice 4.8% sequential increase from Q1. What's more, total customer count has gone from 99,446 to 108,023 over this period of time.

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Rackspace Racks Up the Growth originally appeared on BloggingStocks on Tue, 10 Aug 2010 16:30:00 EST. Please see our terms for use of feeds.

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