Rackspace rides clouds to successful Q3

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Rackspace rides clouds to successful Q3

Rackspace, marking a quarter in which it extended its vision for open-source cloud infrastructure with the release of several cloud platforms, reported strong quarterly revenue and earnings yesterday.

For the third quarter ended September 30, 2012, Rackspace reported revenue of $US336 million ($A322 million), up 27 percent from the same quarter last year, and up 5.3 percent from the previous quarter. It reported income for the quarter of $US27 million, up 36 percent from the third quarter of 2011 and up 8.2 percent from the previous quarter.

"We're excited to report that the rollout of our new Open Cloud platform, built on OpenStack, is finally complete," Lanham Napier, Rackspace CEO, said in a statement.

"With the new products now in production, Rackspace offers a better, faster and more valuable cloud experience, built on an open platform that gives our customers true choice and control without the fear of being locked in to one vendor's technology."

During the quarter, Rackspace unveiled a suite of Open Cloud products, including cloud servers, cloud monitoring, private cloud software and critical application services to allow customers a choice of private, public or hybrid cloud platforms.

The company also opened a data centre in Sydney, and purchased Mailgun, which offers an email service that integrates cloud-based email services into applications and websites.

This article originally appeared at crn.com

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