Rackspace CEO: Offshoring, real estate closures and other cost cutting measures. Did NASDAQ cheer? Well? Nope

Q1 revenue up, losses widen, boss says new Elastic Engineering cloud product selling fast

There are two things that typically make Wall Street investment analysts go weak at the knees when it comes to quarterly conference calls with tech execs: expanding cloud services and gory details of cost pruning.…

from The Register