San Antonio, Texas – (The Hosting News) – August 9, 2007 – Rackspace Managed Hosting, has reported its first quarter finanical results for 2007, including company revenue at $75.2 million, representing a 64.4 percent increase over the first quarter of 2006.
Rackspace also reported positive net income for the first quarter of 2007 and has experienced 33 consecutive quarters of revenue growth since the company’s inception. In Q1 2007, Rackspace signed more than 900 new customers, including MTV Networks, DuPont, Peabody Trust and IDG Communications. Much of the company’s new growth is attributed to customers selecting Rackspace to host their Web 2.0 and Software-as-a-Service platforms.
Lanham Napier, President and CEO of Rackspace Managed Hosting remarked, ”Rackspace’s first quarter performance is a strong start for 2007 and demonstrates our ability to grab new market share while growing with our existing customers. The company remains highly focused on delivering Fanatical Support to our customers and delivering on our long term financial goals.”
A recognized global managed hosting firm, Rackspace Managed Hosting is a service organization delivering enterprise-level web infrastructure and managed services to businesses of all sizes. Serving more than 10,000 customers across seven data centers worldwide, Rackspace integrates the industry’s best technologies for each customer need and delivers it as a service via the company’s award-winning Fanatical Support. Founded in 1998, Rackspace has grown more than 50 percent a year since the company’s inception.
For more information about Rackspace Managed Hosting, please visit: www.rackspace.com.