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Rackspace Hosting Profit Rises 12%

2015-05-12 06:57:08| IT Services - Topix.net

Shares of cloud-computing company Rackspace Hosting Inc. plummeted 13% in after-hours trading Monday, after the company lowered revenue expectations for the coming quarter. Rackspace, which had closed the day at $53.13, said it expected revenue for its second quarter, which will end in June, to be between $487 million and $492 million.

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