Rackspace Hosting (NYSE: RAX) reported earnings on Nov. 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Rackspace Hosting met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.

Margins grew across the board.

Revenue details
 Rackspace Hosting logged revenue of $336.0 million. The 17 analysts polled by S&P Capital IQ hoped for revenue of $335.2 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $264.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.19. The 18 earnings estimates compiled by S&P Capital IQ anticipated $0.19 per share. GAAP EPS of $0.19 for Q3 were 36% higher than the prior-year quarter's $0.14 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 71.8%, 200 basis points better than the prior-year quarter. Operating margin was 13.5%, 180 basis points better than the prior-year quarter. Net margin was 8.1%, 50 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $357.3 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $1.31 billion. The average EPS estimate is $0.76.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 891 members out of 962 rating the stock outperform, and 71 members rating it underperform. Among 214 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 189 give Rackspace Hosting a green thumbs-up, and 25 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rackspace Hosting is outperform, with an average price target of $59.48.

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