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Web-hosting company Rackspace's quarterly revenue rises 17 pct
August 11, 2014 / 8:15 PM / in 3 years

Web-hosting company Rackspace's quarterly revenue rises 17 pct

Aug 11 (Reuters) - Rackspace Hosting Inc reported a 17 percent rise in quarterly revenue due to higher demand for its web-hosting and cloud management services.

The company’s revenue rose to $441 million in the second quarter ended June 30, from $375.8 million a year earlier.

Net income remained flat at $22.5 million, or 16 cents per share. (Reporting by Soham Chatterjee in Bangalore; Editing by Maju Samuel)

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