RAX Rackspace Hosting, (delisted)

   (FROM THE WALL STREET JOURNAL 11/10/15) 

Facebook to Appeal

Brussels Court Ruling

Facebook Inc. said Monday it would appeal a privacy decision by a Brussels court to stop tracking its users in Belgium without their consent.

Local media reported Monday evening that a Brussels commercial court had ruled that Facebook must stop within 48 hours the collection of data on users' Internet browsing when they aren't logged in. If they didn't stop, then Facebook would face a daily fine of 250,000 euros ($269,000), the reports said.

Facebook has acknowledged that it collects data on users' Internet browsing even when they aren't logged in, through a snippet of computer code called a cookie that it places within an individual's Web browser if they have visited the Facebook.com website.

"We've used the data cookie for more than five years to keep Facebook secure for 1.5 billion people around the world. We will appeal this decision and are working to minimize any disruption to people's access to Facebook in Belgium," a Facebook spokeswoman said.

Facebook didn't give further details of the verdict.

-- Natalia Drozdiak and Laurence Norman

Atlassian Files for IPO

Software-tools maker Atlassian Pty Ltd., which has been valued privately at more than $3.3 billion, made its filing for an initial public offering public Monday after filing confidentially earlier this year.

The company will likely be watched intently by other closely held, highly valued companies that will need at some point to return money to their investors.

Atlassian, however, in several ways isn't typical of its peers. Founded in Australia in 2002, the company was bootstrapped to profitability by its founders and didn't raise venture capital until 2010. It has since raised two rounds of funding totaling $210 million so its employees could sell shares.

Revenue for the fiscal year ended June 30 was $319.5 million, up nearly 50% from $215.1 million in 2014. Net income fell by about two-thirds to $6.8 million, down from $19 million the year before.

But the company's growth continues. For the quarter ended Sept. 30, revenue increased to $101.8 million from $67.9 million. Net income rose to $5.1 million from $3.6 million.

Principal shareholders include Accel Partners, which was the sole venture-capital investor in 2010 when Atlassian raised $60 million and holds 12.5% of shares, according to the filing. Accel General Partner Rich Wong is on the board.

-- Deborah Gage

Rackspace Hosting's

Results Top Views

Cloud-computing company Rackspace Hosting Inc. posted higher profit and revenue in the third quarter.

Shares, down 42% this year, rose 8.9% to $29.49 in after-hours trading as results topped Wall Street projections.

Rackspace, which last year called off a possible sale, saying it failed to attract a high enough offer, has struggled to increase business since it changed its business model to focus on the so-called managed cloud market, selling bundled computing and support.

The San Antonio company is one of the pioneers in cloud-computing services, which free companies from having to build, maintain and staff data centers. It has reached partnerships with Amazon.com Inc., Microsoft Corp. and Intel Corp.

Overall, Rackspace reported profit of $36.5 million, or 26 cents a share, compared with $25.7 million, or 18 cents a share, a year earlier.

Revenue rose 11% to $508.9 million.

Analysts surveyed by Thomson Reuters projected 20 cents a share on $503.1 million in revenue.

-- Maria Armental

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(END) Dow Jones Newswires

November 10, 2015 02:47 ET (07:47 GMT)

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