Rackspace employs between 6,000 and 7,000 worldwide, with a sizable portion at its headquarters in Windcrest. Story by waylon_atx.
Asked by the San Antonio Report for additional information, a spokeswoman for Rackspace pointed to a press statement that largely repeated Jones’ quote.
Holger Mueller, principal analyst at Silicon Valley-based Constellation Research, said he interpreted Jones’ remarks as a “sell signal” and that the company would likely sell the on-premise servers and cloud services parts of the business separately. He said although the company was becoming more profitable, he felt the on-premise server side has been held too long, and growth in its cloud service side has underperformed the market.
Shortly after Rackspace’s NASDAQ debut, Reuters cited unnamed sources in a report that said Amazon Web Services was seeking a stake in the company. No such purchase materialized.
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