Rackspace provides hybrid clouds that enable businesses to run their workload in a public or private cloud.

The Rackspace Cloud is based on OpenStack, which is a global collaboration of developers and cloud computing technologists producing the ubiquitous open source cloud computing platform for public and private clouds.

On August 26, 2016 Rackspace was acquired by Apollo Global Management.

Type
Subsidiary
Parent Company
Apollo Global Management
HQ
San Antonio, US
Founded
1998
Rackspace was founded in 1998 and is headquartered in San Antonio, US

Key People at Rackspace

Joe Eazor

Joe Eazor

CEO
Louis M. Alterman

Louis M. Alterman

CFO
John Engates

John Engates

CTO
Mark Roenigk

Mark Roenigk

COO
Brian Kelly

Brian Kelly

CSO
Ryan Neading

Ryan Neading

Chief Information Officer
Tiffany Lathe

Tiffany Lathe

VP and General Counsel
Scott Crenshaw

Scott Crenshaw

SVP, Strategy and Product

Rackspace Office Locations

Rackspace has offices in San Antonio, Middlesex, Sydney, Hong Kong and in 3 other locations
San Antonio, US (HQ)
1 Fanatical Place, City of Windcrest
Amsterdam, NL
535 Radarweg
Granada, MX
14th floor Terret South Tower, Ave. Miguel de Cervantes Saavedra 301
Zurich, CH
Pfingstweidstrasse 60
Hong Kong, HK
9/F., Cambridge House Taikoo Place, 979 King's Road
Sydney, AU
Level 1, 37 Pitt Street
Show all (7)

Rackspace Data and Metrics

Rackspace Summary

Founding Date

1998
Rackspace is a subsidiary of Apollo Global Management

Rackspace Financial Metrics

Rackspace's revenue was reported to be $2 b in FY, 2015 which is a 12% increase from the previous period.
USDFY, 2013FY, 2014FY, 2015

Revenue

1.5 b1.8 b2 b

Revenue growth, %

17%12%

Cost of goods sold

492.5 m582.3 m675.5 m

Gross profit

1 b1.2 b1.3 b

Gross profit Margin, %

68%68%66%

EBIT

133.1 m163.5 m206.1 m

EBIT margin, %

9%9%10%

Pre tax profit

130.8 m159.6 m193.6 m

Net Income

86.7 m110.6 m126.2 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015

Cash

125.4 m104.9 m159.9 m186.5 m278.6 m213.5 m484.7 m

Current Assets

439 m421.7 m718.4 m

PP&E

890.8 m1.1 b1.1 b

Goodwill

81.1 m81.1 m81.1 m

Total Assets

1.5 b1.6 b2 b

Accounts Payable

122 m137.3 m136.3 m

Current Liabilities

258.5 m276.7 m236.9 m

Additional Paid-in Capital

636.7 m696 m834.5 m

Retained Earnings

423.1 m398.3 m178.1 m

Total Equity

976.5 m

Financial Leverage

2.1 x
USDFY, 2013FY, 2014FY, 2015

Net Income

86.7 m110.6 m126.2 m

Depreciation and Amortization

313 m371.9 m399.9 m

Accounts Receivable

(34 m)(42 m)(28 m)

Inventories

(12 m)(1.1 m)(17 m)

Accounts Payable

35.3 m

Cash From Operating Activities

444.1 m542.5 m583.6 m

Purchases of PP&E

(452.6 m)(430.3 m)(474.9 m)

Cash From Investing Activities

(464.2 m)(428.1 m)(479.4 m)

Long-term Borrowings

(1.9 m)(165.1 m)

Cash From Financing Activities

(11.8 m)(157.3 m)171.5 m

Traffic Overview of Rackspace

Rackspace Online and Social Media Presence

Rackspace News and Updates

Rackspace partners with Pivotal to launch managed services for Cloud Foundry

 Rackspace, which strongly focuses on managed services these days, today announced a partnership with Pivotal, the company behind the open source Cloud Foundry platform as a service project. Rackspace already offers managed services for AWS, Microsoft Azure, Google Cloud Platform, VMware, OpenStack …

Rackspace acquires TriCore, adds enterprise applications to cloud management mix

 Rackspace announced today it was purchasing TriCore, giving it an enterprise applications management play to go along with its cloud management services. The announcement comes just one day after the company announced it was bringing a new CEO onboard, make it a busy week for the firm. The companie…

Rackspace continues managed services pivot with TriCore acquisition

Cloud services firm Rackspace is doubling down on its push to be a managed services provider with the acquisition of TriCore, a company that provides support and management services for applications like enterprise resource planning (ERP), business intelligence, and analytics systems. The deal is su…

Rackspace appoints a new CEO

 Rackspace today announced that its board has appointed Joe Eazor as its new CEO, effective June 12. Eazor will replace Rackspace president Jeff Cotten, who stepped in as the company’s interim CEO after former CEO Taylor Rhodes left the company about three weeks ago. At the time, Rhodes said he left…

Rackspace now offers managed services for Google’s Cloud Platform

 Rackspace today announced it’s expanding its managed service portfolio to include support for the Google Cloud Platform. Until now, the company only supported clients who wanted to use Amazon Web Services, Microsoft Azure or OpenStack cloud. Now, Google and Rackspace are collaborating on the new ma…

Email automation platform Mailgun spins out of Rackspace, raises $50 million

Cloud giant Rackspace has revealed that it’s spinning out Mailgun, its email automation platform for developers, as an independent company. Founded in 2010, Y Combinator graduate Mailgun provides the backend technology that lets third-party developers send, receive, and track emails from within thei…
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Rackspace Company Life and Culture

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