Earnings: Rackspace Cloud Loses Momentum, OpenStack Doesn't Help

Posted by thevarguy2 on May 9, 2013 11:38 PM EDT
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Rackspace (NYSE:RAX), the cloud services provider (CSP) and OpenStack proponent, delivered weaker than expected quarterly earnings results today. The big question: Is the growth of cloud computing slowing down -- or is Rackspace being squeezed by Amazon Web Services, Microsoft Windows Azure and other big-name public clouds?

Rackspace (NYSE:RAX), the cloud services provider (CSP) and OpenStack proponent, delivered weaker than expected quarterly earnings results today. The big question: Is the growth of cloud computing slowing down -- or is Rackspace being squeezed by Amazon Web Services, Microsoft Windows Azure and other big-name public clouds?

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