Cloud Web Hosting Company Reports Higher Profit – 11/08/2012

Rackspace Hosting Inc.’s third-quarter profit rose 36% as the data-center provider continued to add customers to its fast-growing cloud-storage business.

Results fell in-line with analysts’ average estimates, marking a departure from uncertainty that loomed over the previous two quarters, when executives warned investors could expect volatile revenue as customers reacted to the rollout of new software.

Rackspace has . . . → Read More: Cloud Web Hosting Company Reports Higher Profit – 11/08/2012

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