USA Cloud hosting Company results beat estimates – 05/14/2014

Rackspace Hosting Inc reported better than expected quarterly results as demand rose for its cloud hosting services, and the company forecast current-quarter revenue above Wall Street estimates.

Rackspace forecast revenue of $434 million-$440 million for the second quarter ending June. Analysts on average were expecting revenue of $435.5 million, according to Thomson Reuters I/B/E/S.

Rackspace’s net income fell . . . → Read More: USA Cloud hosting Company results beat estimates – 05/14/2014

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