Rackspace provides managed cloud services in the business information technology market. The Company provides a portfolio of integrated IT solutions for business needs across two primary form factors: dedicated cloud and private clouds, and managed public clouds. The dedicated cloud services comprise a customer portal and other management tools for managing the data center, network, hardware devices, and operating system software. The public cloud services include multi-tenant pools of computing resources delivered on-demand over the Internet, and private cloud services consist of a pool of computing resources for a specific customer. The Company also offers specialized services for certain applications, business-productivity applications, and data stores, as well as customer services.

TypeSubsidiary
Parent CompanyApollo Global Management
HQWindcrest, US
Founded1998
Websiterackspace.com
Rackspace was founded in 1998 and is headquartered in Windcrest, US

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Key People/Management at Rackspace

Joe Eazor

Joe Eazor

CEO
Louis Alterman

Louis Alterman

CFO
Joel Friedman

Joel Friedman

Chief Technology Officer
Matt Bradley

Matt Bradley

Chief Strategy Officer
Rick Froehlich

Rick Froehlich

Chief Sales Officer
Matt Bates

Matt Bates

Chief Transformation Officer
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Rackspace Office Locations

Rackspace has an office in Windcrest
Windcrest, US (HQ)
1 Fanatical Pl
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Rackspace Financials and Metrics

Summary Metrics

Founding Date

1998

Total Funding

$17.8 m

Investors

Rackspace is a subsidiary of Apollo Global Management

Rackspace Revenue

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Rackspace's revenue was reported to be $2 b in FY, 2015 which is a 11.5% increase from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015

Revenue

1.5b1.8b2.0b

Revenue growth, %

17%12%

Cost of goods sold

494.8m587.5m681.6m

Gross profit

1.0b1.2b1.3b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

421.0m441.2m459.7m480.2m489.4m508.9m518.1m523.6m516.2m

Cost of goods sold

140.4m145.1m142.9m162.8m165.4m172.7m180.4m171.5m183.9m

Gross profit

280.6m296.1m316.8m317.4m324.0m336.2m337.7m352.1m332.3m

Gross profit Margin, %

67%67%69%66%66%66%65%67%64%
Annual
USDFY, 2013FY, 2014FY, 2015

Cash

259.7m213.5m484.7m

Accounts Receivable

123.9m156.5m174.4m

Prepaid Expenses

30.8m33.6m46.6m

Current Assets

439.0m412.4m718.4m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

313.8m340.3m349.5m275.7m317.1m189.0m534.2m544.3m632.1m

Accounts Receivable

118.5m130.9m134.6m154.0m160.1m174.9m170.9m168.6m166.0m

Prepaid Expenses

27.2m27.2m42.3m32.3m33.6m55.5m49.3m45.1m49.0m

Current Assets

483.4m517.7m554.0m479.1m537.9m440.7m765.3m772.6m864.3m
Annual
USDFY, 2013FY, 2014FY, 2015

Net Income

85.3m107.4m122.4m

Depreciation and Amortization

313.1m371.9m399.9m

Accounts Payable

35.3m55.4m49.2m

Cash From Operating Activities

444.1m542.5m583.6m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

25.4m47.9m73.6m27.5m55.8m91.3m48.8m84.6m123.2m

Depreciation and Amortization

87.8m178.4m276.7m96.9m194.6m295.9m104.0m208.6m309.5m

Accounts Payable

30.3m52.0m93.9m26.9m42.9m45.7m20.8m41.2m15.6m

Cash From Operating Activities

141.7m266.2m391.6m145.3m268.2m379.6m156.2m321.1m469.9m
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Rackspace Operating Metrics

FY, 2013FY, 2014FY, 2015Q2, 2016Q3, 2016Feb, 2018Mar, 2019

Countries

120 120 120 120 120 120

Customers

200 k300 k300 k

Data Centers

11 11 11 7

Openstack Managed Server Hours

1 b1 b
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Rackspace Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
RelationEdge LLCMay 17, 2018
DatapipeSeptember 11, 2017
TriCore SolutionsMay 24, 2017
ZeroVMOctober 24, 2013
Airbrake.ioMarch 28, 2013
ObjectRocketFebruary 27, 2013
Anso LabsFebruary 09, 2011
CloudkickDecember 16, 2010
Jungle DiskOctober 23, 2008
SlicehostOctober 22, 2008
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Rackspace Revenue Breakdown

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Rackspace revenue breakdown by geographic segment: 31.7% from International and 68.3% from United States

Rackspace Online and Social Media Presence

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Rackspace News and Updates

Google Cloud Names Rackspace 2018 Global Migration Partner of the Year

We are honored that Google Cloud named Rackspace its 2018 Global Migration Partner of the Year during last night’s awards ceremony at Next ‘19, Google Cloud’s annual flagship conference, held in San Francisco. Rackspace SVP & GM of Cloud and Source

Rackspace, KDDI and iret: Creating a Multi-Cloud Collaboration in Japan

Rackspace is proud to announce the joint signing of a memorandum of understanding between Rackspace, KDDI Corporation and iret, Inc.read more

Rackspace Named a Best Place to Work for LGBTQ Equality

Racker PJ Lovejoy accepts Rackspace's first Human Rights Campaign Equality Index honor in May 2018 from Deputy Director for HRC’s Workplace Equality Team Beck Bailey at the awards breakfast in Las Vegas.read more

Bel Power Solutions to attend the Open Compute Project (OCP) U.S. Summit 2018 in San Jose, CA

Bel Power Solutions and Protection announces their participation at the upcoming Open Compute Project (OCP) U.S. Summit 2018 on March 20-21st at the San Jose Convention Center in San Jose, CA. We encourage attendees to visit our team at Booth B14.   The Open Compute Project (OCP) is a 501(c)(6) orga…

Vmware ‘no-brainer’ integrates vRealize Suite & Cloud Foundation to ease hybrid migration woes

VMware is engaged in work with major organisations including Dell EMC, Rackspace, Intel and Fujitsu. The post Vmware ‘no-brainer’ integrates vRealize Suite & Cloud Foundation to ease hybrid migration woes appeared first on Computer Business Review.

Domain Name System Tools Market Segmentation, Application, Trends, Opportunity & Forecast 2017 to 2020

WiseGuyReports.Com Publish a New Market Research Report On - “Domain Name System Tools Market Segmentation, Application, Trends, Opportunity & Forecast 2017 to 2020”. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Rackspace Frequently Asked Questions

  • When was Rackspace founded?

    Rackspace was founded in 1998.

  • Who are Rackspace key executives?

    Rackspace's key executives are Joe Eazor, Louis Alterman and Joel Friedman.

  • What is Rackspace revenue?

    Latest Rackspace annual revenue is $2 b.

  • Who are Rackspace competitors?

    Competitors of Rackspace include Nutanix, Nordcloud and Equinix.

  • Where is Rackspace headquarters?

    Rackspace headquarters is located at 1 Fanatical Pl, Windcrest.

  • Where are Rackspace offices?

    Rackspace has an office in Windcrest.

  • How many offices does Rackspace have?

    Rackspace has 1 office.