Technology: Rackspace EPS Seen Up 17%, Revenue 25% On Cloud

Started by MikeLigalig.com, February 18, 2013, 01:28:56 PM

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MikeLigalig.com

February 18, 2013, 01:28:56 PM
Rackspace EPS Seen Up 17%, Revenue 25% On Cloud

Rackspace Hosting's (RAX) Q4 profit is expect to jump 16.6% with revenue up 25.4% when it reports after the market close on Tuesday. Analysts polled by Thomson/Reuters estimate Q4 EPS of 21 cents per share, up from 18 cents per share in the year earlier period with sales growing to $355.4 million. Analysts expect an update on Rackspace's cloud computing software initiative. San Antonio, Tex.-based Rackspace has led an industry group that's backing

Source: Rackspace EPS Seen Up 17%, Revenue 25% On Cloud
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