Rackspace: OpenStack will drive future revenue

For the second quarter of 2011 Rackspace reported revenues of $247.2m (£151m), up 7.5 percent on the first quarter, and income of $17.6m, up 27 percent on the first quarter. On an earnings call its chief executive, Lanham Napier, stressed the importance of the OpenStack platform, of which Rackspace is a co-founder, for encouraging companies to create clouds and then sign up for Rackspace cloud services.



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