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-- the big moment we've been asking you throughout the -- to identify our mystery CEO give you the clue that the stock's up 88% year over year triggered -- takeover target a company focused on changing the way other companies use the Internet.
Here ago yeah.
That's ridiculous is -- update here for rackspace.
Coach but it is that from San Antonio and has no idea what he got himself into without them.
It would just trying to have a little fun but that's for the pretty good credentials you you'll take that ADM percent higher year over year and stock.
Yes sir we -- pleased with that one thanks for having on the show probable one of the big things -- said it's rumored to be.
A takeover target -- and -- cloud computing it's a -- one of the hottest faces in technology.
We know that -- we've been talking about it really for the last few years a lot of other companies have already been taken over.
You so -- remained independent why is that -- -- that always -- case.
Well the way we constructed our company -- won't harm -- we are not actively trying to sell the company today.
We feel like we have an incredible growth opportunity ahead of us and that we have an opportunity to build the service leader in cloud computing on a global basis so we are singularly focused on that mission.
Tell me the growth opportunities specifically what's next for your company for -- -- in the cloud computing space I saw for example -- 10% of I T budgets last year went to cloud computing.
You think maybe more companies would be moving in this direction to host or put everything up on a cloud but apparently they're not.
Yet we are the early stages of this revolution in technology so today the vast majority of computing is still done -- -- do it yourself basis.
Inside our company's four walls in the future that's going to be inverted it if you look at -- IDC report recently it talks about how the cloud computing market.
Is from 145% a year and will become a 45 billion dollar market did today if you look at our company and we're approaching a billion in revenue when we have a long way to go -- Reluctance to put everything up on a cloud and is -- -- the -- day that.
All these Gmail accounts for -- -- have -- but 100000 Gmail accounts -- lost people say well I don't know if I want to store everything on a cloud just yet.
-- right now I would say the cloud is ready for everybody but probably not everything.
So what's happening within the cloud technology says this technology sets -- it hasn't matured all the way relative to other technology since we've been used to.
So I think the fear of people have utilized in a cloud will decline as we build out our service levels on it.
Our Atlanta thank you for joining us and our show appreciate -- today -- it's been some stock thanks for coming on appreciate it rackspace.
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