Rackspace Hosting (RAX) expects to issue service credits from Monday's data center outage of between $2.5 milion and $3.5 million, the company said in an SEC filing.
Rackspace Hosting (RAX) saw gains in its cloud computing business in the first quarter of 2009, adding more than 8,000 customers on its suite of cloud services.
In a historic IPO drought, the U.S. stock market has had just one venture-backed initial public offering in the past 12 months: Rackspace Hosting (RAX).
Rackspace (RAX) has shared details of its cloud computing operations, and the numbers provide some interesting contrasts with the company's traditional power base in managed hosting.
Rackspace Hosting (RAX) will expand its data center network with an additional facility in Ashburn, Virginia, where it will lease space from DuPont Fabros Technology (DFT).