Rackspace Q3 Profit Rises - Quick Facts
(RTTNews.com) - Rackspace Hosting Inc. (RAX) reported that its third-quarter net income rose to $27.20 million or $0.19 per share, from $19.98 million or $0.14 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue for the third quarter of 2012 was $335.99 million, up 27% from $264.57 million in the third quarter of 2011. Seventeen analysts had consensus revenue estimate of $335.89 million for the quarter. Net revenue for the third quarter of 2012 was negatively impacted by currency exchange rates, when compared to the third quarter of 2011.
Total server count increased to 89,051 up from 84,978 servers at the end of the previous quarter, and total customers increased to 197,635, up from 190,958 at the end of the previous quarter.
