{"id":3064,"date":"2012-08-09T12:42:00","date_gmt":"2012-08-09T12:42:00","guid":{"rendered":"http:\/\/cloudcomputing.sys-con.com\/node\/2328228"},"modified":"2012-08-09T12:42:00","modified_gmt":"2012-08-09T12:42:00","slug":"cloud-computing-rackspace-cloud-revenues-up-69","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/cloud-computing-rackspace-cloud-revenues-up-69\/","title":{"rendered":"Cloud Computing: Rackspace Cloud Revenues Up 69%"},"content":{"rendered":"<p>Rackspace revenues were up 29% year-over-year in the June quarter to roughly $319 million, passing lowered expectations. Earnings soared 43.1% to $25.1 million, or 16 cents a share, despite substantial investments in servers, storage and software related to OpenStack.<br \/>\nThe company is hopeful but not convinced that OpenStack will start contributing in Q4, its first full quarter, increasing next year after customers kick the tires and see some performance metrics.<br \/>\nCloud computing revenues were $72.6 million in Q2, up 69% year-over-year, while managed hosting revenue rose 21% to $246 million.<br \/>\nThe company said it saw demand from SMBs for cloud hosting and European business is hanging in there maybe because it\u2019s mostly in the UK.<br \/>\nGross margin was 71.8%. Operating margin was 12.8%. Net margin was 7.9%. <\/p>\n<p><a href=\"http:\/\/cloudcomputing.sys-con.com\/node\/2328228\" >read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rackspace revenues were up 29% year-over-year in the June quarter to roughly $319 million, passing lowered expectations. Earnings soared 43.1% to $25.1 million, or 16 cents a share, despite substantial investments in servers, storage and software relat&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3064","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/3064","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=3064"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/3064\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=3064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=3064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=3064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}