Stocks: Rackspace is Top Performer for 2011

Data Center Knowledge (Jan 3 2012) Construction , Cloud Computing

1. Rackspace Hosting has been pursuing a “best of both worlds” strategy, continuing to generate profits from its successful managed hosting operations while it rapidly builds a footprint in cloud computing. That approach has paid off for stockholders, as Rackspace shares rose 36.9 percent during 2011, making it the best-performing data center stock for the year. Rackspace (RAX) has been making more money from each square foot of data center space with each successive quarter. in 2011 it continued to add data center capacity to further scale up its revenue. Meanwhile, it sought to leverage ts leadership role in Open Stack, an open source cloud computing platform. (Read Full Article)

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