ADVFN - Advanced Financial Network.
HOME» NASDAQ » M » MSFT Stock Price » MSFT Stock News

Microsoft Share News

 Microsoft (mm) Stock Price
MSFT Stock Price
 Microsoft (mm) Stock Chart
MSFT Stock Chart
 Microsoft (mm) Stock News
MSFT Stock News
 Microsoft (mm) Company Information
MSFT Company Information
 Microsoft (mm) Stock Trades
MSFT Stock Trades

Rackspace 2nd-Quarter Profit Rose 43% As Revenue Climbs

By Tess Stynes Rackspace Hosting Inc.'s (RAX) second-quarter earnings rose 43% as the data-storage provider continued to record strong revenue growth and add customers. Shares were up 5.4% at $51.98 in recent after-hours trading as revenue topped expectations. Through Tuesday's close, the stock is up roughly 37% in the past year. The company has posted stronger bottom-line results in recent periods as it continues to benefit from businesses' push to manage technology resources more efficiently. The company has also added software and higher levels of service to its core storage offerings, in an effort to stand out in a crowded field. Its acquisition earlier this year of SharesPoint911--a consulting firm focused on Microsoft Corp.'s (MSFT) SharePoint collaboration software--highlights that focus. Rackpace's cloud storage business--which allows companies to rent server capacity by the hour, paying only for what they use--has seen particular growth. Rackspace Hosting reported a profit of $25 million, or 18 cents a share, up from $17.6 million, or 13 cents a share, a year earlier. Revenue increased 29% to $319 million. Analysts polled by Thomson Reuters most recently projected earnings of 18 cents on revenue of $318 million. Gross margin rose to 71.8% from 70.1%. Dedicated cloud revenue, which accounts for the bulk of the top line, climbed 21%. The smaller public cloud segment's revenue surged 69%. Rackspace ended the period with 190,958 customers, up from 152,578 a year earlier. Installed-base growth, a measure of revenue derived only from existing customers, was 1%, up from 0.9% a year earlier. Write to Tess Stynes at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Microsoft (MSFT)
DateTimeHeadline
03/23/201716:22:16Annual Report of Employee Stock Plans (11-k)
03/22/201717:00:00Microsoft announces patent license agreement with Toyota, enhancing...
03/22/201712:29:00Publicis and Microsoft Link Up Products for Data Push
03/22/201709:29:00LinkedIn Wants to Hook Users With 'Trending Storylines'
03/22/201703:02:00Microsoft Modifies Windows For Beijing -- WSJ
03/21/201718:05:26Statement of Changes in Beneficial Ownership (4)
03/21/201717:10:00Microsoft Modifies Windows 10 for China's Government -- 2nd Update
03/21/201712:03:00Microsoft Modifies Windows 10 for China's Government -- Update
03/21/201709:29:00The Not-So-Creepy Reason More Bosses Are Tracking Employees
03/21/201708:22:00Microsoft Modifies Windows 10 for China's Government
03/21/201706:43:00First Version of Windows 10 for Chinese Government Use Ready...
03/21/201701:00:00Gemalto's HSM Enables Microsoft Azure Information Protection...
03/14/201718:37:20Initial Statement of Beneficial Ownership (3)
03/14/201717:21:06Current Report Filing (8-k)
03/14/201716:19:00Microsoft announces addition to board and quarterly dividend
03/14/201711:30:00Microsoft Teams rolls out to Office 365 customers worldwide
03/13/201703:03:00How AI Is TransformING the Workplace -- WSJ
03/13/201703:03:00How AI Is TransformING the Workplace -- WSJ
03/11/201707:29:00WikiLeaks Prods Government System for Sharing Cybersecrets With...
03/10/201718:09:41Statement of Changes in Beneficial Ownership (4)

Microsoft and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US