Rackspace Down On Slowing Cloud Computing GrowthRackspace 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
Source:
Rackspace Down On Slowing Cloud Computing GrowthLinkback:
https://tubagbohol.mikeligalig.com/index.php?topic=68715.0