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 tess.stynes@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Microsoft (MSFT)
DateTimeHeadline
05/25/201510:05:03Microsoft's Windows 10 And The Internet Of Things: What You Need...
05/25/201509:36:02Google, Inc.'s Worst Nightmare Is Coming True
05/25/201509:10:022 Upcoming Moves That Could Revitalize Apple Inc.'s iPad Business
05/23/201511:22:02Microsoft Windows Phone Gets a New (and Old) Partner
05/23/201510:00:02Starbucks Rewards: Can A Spotify Deal Help Improve The Rewards...
05/20/201517:04:04Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201512:01:00Microsoft recognizes outstanding contributions by suppliers
05/20/201510:40:03Can Advanced Micro Devices, Inc. Be Saved By Augmented and Virtual...
05/20/201510:24:56Carl Icahn Thinks Apple, Inc. Is Worth $240: Time to Buy?
05/20/201510:00:02Carl Icahn Thinks Apple, Inc. Is Worth $240: Time to Buy?
05/20/201508:00:02Sorry, Carl Icahn, But Apple Isn't Making a TV
05/19/201519:30:33New Computer Bug Exposes Broad Security Flaws
05/19/201519:00:15Tim Cook is Making His Mark on Apple
05/19/201518:00:03Apple Inc's Latest Acquisition Could Hurt Google Inc.
05/19/201517:00:113 Reasons Cisco Systems, Inc Stock Could Fall
05/19/201517:00:02Microsoft Corporation Gains a Key Ally for Windows Phone, but...
05/19/201516:40:55Statement of Changes in Beneficial Ownership (4)
05/18/201521:09:03The 30 Dow Jones Stocks
05/18/201517:20:10Is Microsoft Corporation Stock a Buy?

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad