< class="pagetitle">Posts Tagged “Web Hosting Company”
May 12 2009

Rackspace posts 21% profit for first quarter

Posted by: Coreix in Uncategorized, tags: , , , , , , ,

Rackspace 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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