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Rackspace revenue rises 10.9 percent

(Reuters) - Rackspace Hosting Inc reported a 10.9 percent rise in quarterly revenue due to higher demand for its web-hosting and cloud management services. Net income rose to $29.2 million, or 20 cents per share, in the second quarter ended June 30, from $22.5 million, or 16 cents per share, a year earlier. Revenue rose to $489.4 million from $441.2 million. (Reporting by Kshitiz Goliya in Bengaluru; Editing by Don Sebastian)