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UPDATE: Rackspace Q3 Profit Rises 36%

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Rackspace Hosting (NYSE: RAX) reported a 36% rise in its third-quarter profit.

Rackspace's quarterly profit surged to $27.2 million, or $0.19 per share, from $20 million, or $0.14 per share, in the year-ago period.

Its revenue rose 27% to $336 million, while revenue from its public-cloud business surged 57%.

Rackspace's operating margin rose to 13.5% from 11.7%.

Rackspace shares closed at $66.08 yesterday.

Posted-In: profitEarnings News

 

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