Linux Today: Linux News On Internet Time.
Search Linux Today
Linux News Sections:  Developer -  High Performance -  Infrastructure -  IT Management -  Security -  Storage -
Linux Today Navigation
LT Home
Contribute
Contribute
Link to Us
Linux Jobs


Top White Papers

More on LinuxToday


Rackspace Grows Revenue as Cloud Pricing Races to Bottom

May 13, 2014, 19:00 (0 Talkback[s])
(Other stories by Sean Michael Kerner)

There is money to be made in the cloud, even in an era where the Amazon and Google are in a race to the bottom for pricing. That's the message coming from Rackspace's management during the company's first quarter 2014 earnings call.

For the quarter, Rackspace reported net revenue of $421 million, for a 16 percent year-over-year gain. Net income for the quarter was reported at $25 million. Looking forward, Rackspace provides second quarter 2014 guidance for revenue in the range of $434 million to $440 million.

Complete Story