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SAN ANTONIO (
TheStreet) - Managed hosting specialist
Rackspace(RAX - Get Report) continued its run of
strong results after market close on Monday, racking up a fourth-quarter revenue beat.
AT&T(T - Get Report) and
Savvis rival brought in sales of $283 million, an increase of 32% on the same period last year, beating Wall Street's estimate of $281.02 million.
Rackspace, which does not break out non-GAAP EPS, earned 18 cents per share on net income of $25 million, up from 10 cents per share and $13.5 million in the prior year's quarter. Analysts surveyed by
Thomson Reuters were looking for earnings of 15 cents per share.
The numbers pushed shares of Rackspace up $2.36, or 4.79%, to $51.59 in extended trading.
"During the year we accelerated our revenue growth rate for the second year in a row and crossed one billion dollars in annual revenue, while simultaneously improving margins and returns," explained Lanham Napier, the Rackspace CEO, in a statement.
Rackspace's total server count increased to 79,805, up from 78,717 in the
prior quarter. Total customers climbed to 172,510, up from 161,422 at the end of the third quarter.
Written by James Rogers in New York.
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