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
09/26/201614:10:00Adobe Makes Microsoft's Azure 'Preferred' Service
09/26/201613:49:00Adobe Makes Microsoft's Azure 'Preferred' Service
09/26/201609:00:00Adobe et Microsoft s'associent dans le l'infonuagique Azure pour...
09/26/201609:00:00Adobe and Microsoft partner in the Azure cloud to help businesses...
09/26/201609:00:00Renault-Nissan and Microsoft Partner to Deliver the Future of...
09/26/201609:00:00Adobe and Microsoft partner in the Azure cloud to help businesses...
09/26/201609:00:00Microsoft unveils new offerings to empower IT and drive digital...
09/26/201608:41:29IDdriven, Inc. brings on Industry Veteran Sales Manager to Expand...
09/25/201623:40:00Salesforce Weighs Twitter Bid to Spur Growth
09/25/201621:50:00Apple Goes Without a Lobby Into European Fray
09/23/201603:03:00LinkedIn Unveils New Technology -- WSJ
09/22/201616:20:00LinkedIn Rolls Out New Technology and Products
09/22/201616:13:00LinkedIn Rolls Out New Technology
09/22/201615:20:00Yahoo Says Information on at Least 500 Million User Accounts...
09/22/201613:10:53Current Report Filing (8-k)
09/22/201611:00:00Cisco, Salesforce Announce Cloud Integration
09/21/201618:18:15Statement of Changes in Beneficial Ownership (4)
09/21/201618:16:11Statement of Changes in Beneficial Ownership (4)
09/21/201618:14:05Statement of Changes in Beneficial Ownership (4)
09/21/201618:13:10Statement 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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad