Rackspace Revenues Increase
San Antonio, Texas - (The Hosting News) - January 3, 2008 - Rackspace Managed Hosting, has released its third quarter results for 2007, detailing revenue of $96.2 million, representing a 63 percent increase over the third quarter of 2006.
Rackspace also reported positive net income for the third quarter of 2007 and has experienced 35 consecutive quarters of revenue growth since the company’s inception. In the third quarter of 2007, Rackspace completed the acquisition of Webmail.us, a leading provider of business class email hosting with more than 600,000 business mailboxes under management. Together, Rackspace and Webmail.us have launched a new mail hosting division to create innovative new products focused on enterprise-class mail functionality.
Lanham Napier, President and Chief Executive Officer at Rackspace Managed Hosting noted, ”We continue to post strong growth numbers across all areas of our business as we invest in new technologies and services for our customers worldwide. We credit our success to Rackspace’s focus on Fanatical Support and the value it brings to our customers. We will continue to respond to customer demand to transform traditional IT functions into services consumable via the web, with managed mail as the first product in our portfolio.”
Recently, Rackspace entered into an agreement with Cypress Semiconductor Corp., to host its website infrastructure, to facilitate Cypress’ recently redesigned website, designed to provide faster access to product information and software downloads.
The redesigned website puts a more prominent focus on Cypress’s PSoC(R) mixed-signal arrays and other programmable products, mirroring the company’s transformation into a provider of programmable solutions. The new Cypress.com includes dynamic drop-down menus that enable users, without clicking, to navigate two- and three-levels for faster access to information on software, technical documentation, samples, kits, training, etc. The site has been designed to improve usability by eliminating browser scrolling on the home page and by having personalized search terms remembered automatically in the search tool. In addition, customers are now able to log in to their customized “MyCypress” extranet and view their shopping cart for the online store without having to leave their current location on the site.
With 25 servers and devices, including advanced custom monitoring services, managed backup and storage, and a cluster of three Google search servers, which Wemyss says will improve their search engine, Cypress relies on Rackspace’s 24/7/365 Fanatical Support(R) demanded by a global service provider.
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC Programmable System-on-Chip, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB radio system-on-chip, to West Bridge and EZ-USB FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power.
Rackspace Managed Hosting is a service organization delivering enterprise-level web infrastructure and managed services to businesses of all sizes. Serving more than 15,000 customers across eight 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.
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