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Rackspace up 7.8% after earnings/guidance; buybacks, margin gains lift EPS

2015-11-10 02:36:03| IT Services - Topix.net

Rackspace spent $250M on buybacks in Q3. The company is three months removed from upping its buyback authorization to $1B, and promising to buy back at least $500M worth of shares in 6-9 months.

Tags: lift gains margin eps

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