Rackspace posts 21% profit for first quarter
Posted by: Coreix in Uncategorized, tags: hosting, Managed Hosting, managed server, managed servers, Rackspace, San Antonio, United Kingdom, Web Hosting CompanyRackspace posts 21% profit for first quarter
Rackspace Hosting has announced its results for the first quarter of 2009. The San Antonio-based Web hosting company reported net income of US$6.6 million, up 21% from the same quarter a year ago.
Rackspace reported net revenues of US$145.1 million, up 21% from the same quarter a year ago. The depreciation of the pound sterling resulted in a negative impact of US$3.2 million on its revenue. The company gets 24% of its revenue generated in pounds from its operations in the United Kingdom.
Source: My San Antonio
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