Rackspace Managed Hosting (rackspace.com) announced on Tuesday that it achieved \"strong company growth\" in 2003 with revenue increasing 48 percent and profits before taxes growing 134 percent over 2002. The company also announced that it finished the year with a record fourth quarter, recording 13 percent sequential growth and an annualized revenue run rate of $70 million.
\"Managed hosting has been a tough business for a lot of companies the past few years,\" says Lanham Napier, president of Rackspace Managed Hosting.
