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Rackspace Proves Open Stack Profit Story
2015-11-10 20:16:40| IT Services - Topix.net
What makes Rackspace different from Amazon Web Services is that it runs Open Stack, an open source cloud operating system originally based on NASA's Project Nebula, sponsored by Rackspace when it first went open source, and now managed by an independent foundation. Open Stack is seen by many, many companies, including Hewlett-Packard Enterprise and IBM , as the key to their future profits.
Rackspace up 7.8% after earnings/guidance; buybacks, margin gains lift EPS
2015-11-10 02:36:03| IT Services - Topix.net
Rackspace spent $250M on buybacks in Q3. The company is three months removed from upping its buyback authorization to $1B, and promising to buy back at least $500M worth of shares in 6-9 months.
Profit and revenue grow for Rackspace
2015-11-10 02:36:02| IT Services - Topix.net
Shares, down 42% this year, rose 1.5% to $27.50 in late trading as results topped Wall Street projections. Rackspace, which last year called off a possible sale saying it failed to attract a high enough offer, has struggled to increase business since it changed its business model to focus on the so-called managed cloud market, selling bundled computing and support.
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Rackspace tops Street 3Q forecasts, stock jumps
2015-11-10 01:03:40| Telecom - Topix.net
The San Antonio-based company said it earned a third-quarter profit of $36.5 million, or 26 cents per share. The results beat Wall Street expectations.
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Rackspace tops Street 3Q forecasts, stock jumps
2015-11-10 00:26:53| IT Services - Topix.net
The San Antonio-based company said it earned a third-quarter profit of $36.5 million, or 26 cents per share. The results beat Wall Street expectations.
Tags: street
stock
tops
forecasts
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