(MENAFN- ProactiveInvestors)Rackspace Hosting (NYSE:RAX) cheered the market after the bell yesterday with results that were better than anticipated. Having shed 4% during the regular trading session on Monday the stock clawed back all of those losses and more after the Cloud-computing services provider revealed third quarter post-tax profits of US$36.5mln up from US$25.7mln the year before. Earnings per share rose to 26 cents from 18 cents a year earlier and were six cents ahead of the consensus forecast. Revenue also topped expectations of US$503.1mln rising 10.7% from a year earlier to US$508.9mln. For the fourth quarter of 2015 Rackspace expects quarter-on-quarter revenue growth on a constant currency basis of 2-3% and has indicated that full year sales are expected to be up 12-14% year-on-year.
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