Rackspace to announce earnings this afternoon

Rackspace Hosting Inc.'s shares tumbled in after-hours trading Wednesday after it announced financial results that missed Wall Street's expectations for the second consecutive quarter. The cloud computing and hosting sector — one of Rackspace's main businesses — has become increasingly competitive over the last year as Google Inc. and Microsoft Corp. have launched their own cloud-computing …

This entry was posted in Blog. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *