Rackspace Managed Hosting achieved strong company growth in 2003 with revenue increasing 48 percent and profits before taxes growing 134 percent over 2002. Leading the managed hosting industry\'s resurgence, Rackspace finished the year with a record fourth quarter, growing 13 percent sequentially and delivering an annualized revenue run rate of $70 million. \"Successful managed web hosting providers will effectively listen to their customers needs and enhance service offerings to offer more business benefit to their constituencies,\" said Ted Chamberlin, networking analyst, Gartner Inc. \"Providing basic pipe, power and ping is no longer a high-growth business model.\"
