San Antonio, Texas – (The Hosting News) – January 4, 2007 – Managed web hosting services company, Rackspace Managed Hosting, has released its third quarter results for 2006, reporting $59 million revenue, representing a 64.5 percent increase over the third quarter of 2005.
Rackspace also reported positive net income for the third quarter of 2006 and has experienced 31 consecutive quarters of revenue growth since the company’s inception. Rackspace signed 1,092 new customers in the third quarter of 2006, including Dartmouth College, the Sundance Channel, Amtrak, The University of Florida, Applebee’s Restaurant, Tufts University Center for Engineering Educational Outreach and the Geek Squad 24-Hour Computer Support Task ForceÃ‚Â®. Rackspace’s continued penetration of the enterprise hosting market was recognized recently as the company was positioned in the “Leader’s” Quadrant in Gartner Inc.’s annual North American Web Hosting Magic Quadrant.
Major Horton, Chief Financial Officer of Rackspace Managed Hosting explained, ”Rackspace continues to deliver strong financial results quarter over quarter through our ability to not only attract new enterprise customers, but to continue to grow with our current customer base by providing our Fanatical Support. More and more customers are coming to us for help in managing the infrastructure for many of their IT needs. Our ability to offload the burden from our customers’ IT staffs will enable Rackspace to sustain our leadership position in the market.”
A recognized leader in the global managed hosting market, 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.