S.A. cloud company Rackspace boosted revenue, narrowed loss in 2021
Mark Lennihan /Associated Press
In a conference call with stock analysts late Tuesday, Rackspace CEO Kevin Jones said the company is “well-positioned in this fast-growing cloud market.” Rackspace reported about $1 billion in annual bookings in 2021, which refers to contracts signed in the year by new customers and upgrades by existing customers. That was an 8 percent decrease from the $1.1 billion in bookings in 2020.The quarter ending Dec. 31 marked Rackspace’s ninth consecutive quarter of revenue growth.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alabama Roots: Who was the best NFL player of 2021?Former West Alabama standout Tyreek Hill had 134 receptions for 1,524 yards and 12 touchdowns for Kansas City in the regular season and playoffs.
Read more »
5 more rare plants were found in Ohio in 2021, ODNR saysIn 2021, the number of rare native plant species in Ohio grew by five in 2021.
Read more »
Philanthropy For U.S. Colleges Up 6.9% In 2021; Tops $52 BillionPhilanthropic giving to U.S. higher education institutions exceeded $52 billion in fiscal year 2021. That's a 6.9% increase over 2020.
Read more »
Malaysian Authorities Seized $13M Worth Crypto Mining Equipment in 2021: ReportIllegal Bitcoin mining in Malaysia has seen a 'drastic' increase in 2021 compared to the previous year, according to the authorities.
Read more »
Medina Spirit stripped of 2021 Kentucky Derby title following positive drug test; Mandaloun declared winnerJUST IN: Medina Spirit stripped of 2021 Kentucky Derby title following positive drug test; Mandaloun declared winner
Read more »
Medina Spirit's 2021 Kentucky Derby win has been nullified and horse trainer Bob Baffert is suspendedThe Kentucky Horse Racing Commission says Medina Spirit's victory at the 2021 Kentucky Derby has been disqualified. After crossing the finish line, the horse failed a drug test. Hall of Fame trainer Bob Baffert was suspended for 90 days and fined $7,500.
Read more »