Getting your Trinity Audio player ready...
May 8 (Reuters) – Rackspace Hosting Inc, which
leases online storage space to companies, reported a
lower-than-expected quarterly results due to weak spending on
technology.
Net income rose to $27 million, or 19 cents per share, in
the first quarter, from $23.2 million, or 17 cents per share, a
year earlier.
Revenue rose 20 percent to $362 million.
Analysts on average had expected earnings of 20 cents per
share on revenue of $367.2 million, according to Thomson Reuters
I/B/E/S.
