Rackspace: A Force to be Reckoned With

February 11, 2011 No Comments

San Antonio-based Rackspace Hosting Inc. reported that its profit jumped nearly 50 percent in the fourth quarter of 2010 compared with the same quarter a year earlier, the strongest showing since the company went public in 2008.

Profit at the hosting and cloud computing company jumped to $13.5 million, or 10 cents a share, compared with profit of more than $9 million, or 7 cents a share, for the same period in 2009.

The results matched analysts’ estimates, as polled by Bloomberg, who anticipated the company would earn 10 cents a share.

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CLOUD COMPUTING

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