Rackspace Earnings Seen Up Amid Currency Issues

By | February 14, 2015

Scalper1 News

Rackspace Hosting’s (RAX) Q4 earnings are expected to rise 35% and revenue to rise 16% when the Amazon Web Services cloud rival reports after the close Tuesday, though currency exchange rates could impact its results and guidance. Many tech firms have faced currency headwinds as the euro and yen have weakened vs. the dollar. A higher-valued dollar makes U.S. products costlier — and thus less competitive — in foreign countries. And revenue that Scalper1 News

Scalper1 News