Hosting provider Rackspace said increased cloud computing sales helped power the company to record revenue in the second quarter.

The San Antonio-based company said net revenue grew 23.2% year-over-year to $187.3 million in the quarter, and 4.8% on a sequential basis. Net income soared 60.2% to $11.2 million compared to the same period a year ago, and increased 14.1% from the first quarter.

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