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Author Topic: Technology: Rackspace Down On Slowing Cloud Computing Growth  (Read 574 times)

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Technology: Rackspace Down On Slowing Cloud Computing Growth
« on: February 18, 2013, 01:29:12 PM »
Rackspace Down On Slowing Cloud Computing Growth

Rackspace Hosting late Tuesday reported fourth-quarter sales below estimates, as cloud computing growth slowed, sending shares down in after-hours trading. Rackspace (RAX) said Q4 revenue rose 24.5% to $352.9 million. Analysts polled by Thomson Reuters expected sales of $355.4 million. Rackspace posted Q4 profit, minus items, of 21 cents a share, up 17% from a year earlier, in-line with estimates. Rackspace garnered 24.7% of Q4 sales from cloud

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John 3:16-18 ESV
For God so loved the world, that he gave his only Son (Jesus Christ), that whoever believes in him should not perish but have eternal life. For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God.

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