{"id":3057,"date":"2012-08-09T13:34:11","date_gmt":"2012-08-09T13:34:11","guid":{"rendered":"http:\/\/www.cloudcomputing-news.net\/news\/2012\/aug\/09\/rackspace-looks-further-cloud-after-strong-results\/"},"modified":"2012-08-09T13:34:11","modified_gmt":"2012-08-09T13:34:11","slug":"rackspace-looks-further-to-the-cloud-after-strong-results","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/rackspace-looks-further-to-the-cloud-after-strong-results\/","title":{"rendered":"Rackspace looks further to the cloud after strong results"},"content":{"rendered":"<p>Rackspace has announced that they are incorporating their commitment to open source cloud into their official company branding.<\/p>\n<p>The hosting provider is using the tagline &ldquo;the open cloud company&rdquo; as part of its logo, reaffirming their belief in the cloud.<\/p>\n<p>This comes after their strong second quarter results for 2012, which included a yearly increase of 29% on net revenue, up to $319 million (&pound;204.1m), up 5.9% from the previous quarter.<\/p>\n<p>Rackspace&rsquo;s net income grew 43% year on year to $25m (&pound;15.9m), with their adjusted earnings before interest, tax, depreciation and amortisation (EBIDTA) calculated at $112m (&pound;71.7m), a 37% yearly increase.<\/p>\n<p>The company&rsquo;s shares also shot up to $54.62 (&pound;35) per share, a jump of over 10%.<\/p>\n<p>Rackspace, of course, is trying to promote open source cloud computing through their OpenStack programming code, unveiled in 2010, which they are trying to make a &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rackspace has announced that they are incorporating their commitment to open source cloud into their official company branding.<br \/>\nThe hosting provider is using the tagline &ldquo;the open cloud company&rdquo; as part of its logo, reaffirming their belief&#8230;<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3057","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/3057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=3057"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/3057\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=3057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=3057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=3057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}