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UPDATE 2-Rackspace raises buyback to up to $1 bln, shares jump

2015-08-11 23:29:34| Telecom - Topix.net

Web hosting company Rackspace Hosting Inc reported an 11 percent rise in quarterly revenue and raised its share buyback program to up to $1 billion, sending its shares up 5.2 percent in extended trading on Monday. The company said the buyback is in addition to the $200 million it had already bought back.

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