<ul><li>Shares of Rackspace gained almost 5% in extended trading after reporting better-than-expected Q3 loss and bullish guidance for the current quarter.</li><li>The company's Q3 loss before certain costs came in at four cents per share, lower than the anticipated loss of seven cents per share.</li><li>Rackspace reported total sales of $675.8 million in the quarter, down 8% from a year earlier but slightly ahead of estimates.</li><li>The cloud services provider is making progress with record bookings growth and aims to return to growth in its public cloud business.</li></ul>

Shares of Rackspace move higher on strong bookings growth and bullish outlook

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