The cloud hosting provider Rackspace today announced the financial results for the quarter ended March 31, 2013. The company reported the net revenue for the first quarter was $362 million, up 2.6% from the last quarter and 20% from the same quarter a year ago. Net revenue for the period was reported negative. The company also shared the total server count, which has been increased to 94, 122, up from 90, 524 servers at the end of the previous quarter.
“We got off to a slow start for the year. Building a lasting, successful business is our number one priority. However, our immediate focus is on restoring our growth trajectory. We are excited to see the industry momentum behind OpenStack and we are determined to claim the service leadership position in the Open Cloud movement,” said Karl Pichler, chief financial officer.