Feeds

Rackable investors go gaga over stunning Q4

Up, up and away

Next gen security for virtualised datacentres

Shares of Rackable Systems soared an astonishing 20 per cent in after-hours trading on word of the server maker's strong fourth quarter results.

Rackable posted fourth quarter revenue of $83.1m. That's a - wait for it - 262 per cent rise over the $23m reported in the same period last year. Net income reached $7.3m in the period versus a net loss of $14.3m last year. The server and storage seller has embraced a low-cost, no frills model and sold plenty of Opteron-based boxes in recent months.

Shares of RACK jumped 20 per cent at the time of this report to $37.12 in after-hours trading. Rackable investors have watched the stock rise at speed since an IPO at $12 per share last June.

"We are very pleased with our business execution and financial results," Rackable Systems president and CEO Tom Barton said. "We are particularly pleased with recent traction with our DC-powered offerings and our storage offerings."

Yeah, no kidding.

For the full year, Rackable pulled in $215m - a 96 per cent year on year increase, from $110m in 2004. ®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
Cutting cancer rates: Data, models and a happy ending?
How surgery might be making cancer prognoses worse
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?