Rackspace Hosting Inc. (RAX) reported that its fourth-quarter net income increased to $29.91 million or $0.21 per share, from $25.05 million or $0.18 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
Total server count increased to 90,524, up from 89,051 servers at the end of the previous quarter, and total customers increased to 205,538, up from 197,635 at the end of the previous quarter.
Net revenues for the quarter rose to $352.91 million from $283.26 million in the prior year quarter. Eighteen analysts had consensus revenue estimate of $355.42 million for the quarter. Net revenue for the fourth quarter of 2012 was positively impacted by currency exchange rates when compared to the fourth quarter of 2011 by $1.8 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.