OverviewSuggest Edit

Rackspace is a provider of managed services across public and private cloud technologies. It offers a portfolio of applications, data, security, and infrastructure services that enable digital transformation. The company serves a variety of industries, including healthcare, government, financial services, energy solutions, retail and e-commerce, digital agencies, and media and entertainment.

TypePrivate
Founded1998
HQWindcrest, US
Websiterackspace.com

Latest Updates

Employees (est.) (May 2020)7,243
Job Openings176
Revenue (FY, 2015)$2 B(+12%)
Share Price (Nov 2016)$32

Key People/Management at Rackspace

Kevin M. Jones

Kevin M. Jones

CEO
Holly Windham

Holly Windham

Chief Legal and People Officer
Matt Stoyka

Matt Stoyka

Chief Solutions Officer
Jeff Deverter

Jeff Deverter

CTO, Product and Services
Subroto Mukerji

Subroto Mukerji

COO
Amanda Samuels

Amanda Samuels

Chief Communications and Marketing Officer
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Rackspace Office Locations

Rackspace has offices in Windcrest, Brisbane City, Melbourne, Sydney and in 9 other locations
Windcrest, US (HQ)
1 Fanatical Pl
Brisbane City, AU
310 Edward St
Melbourne, AU
Level 19, 114 William Street
Sydney, AU
Level 1/37 Pitt St
München, DE
Herzogspitalstraße 24
München, DE
Luise-Ullrich-Straße 20
Show all (14)

Rackspace Financials and Metrics

Summary Metrics

Founding Date

1998

Rackspace total Funding

$17.8 m

Rackspace latest funding size

$11.50 m

Time since last funding

20 years ago

Rackspace investors

Rackspace's latest funding round in April 2000 was reported to be $11.5 m. In total, Rackspace has raised $17.8 m
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Rackspace Revenue

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View revenue for all periods
Rackspace's revenue was reported to be $2 b in FY, 2015 which is a 11.5% increase from the previous period.
USD

Revenue (Q3, 2016)

516.2m

Gross profit (Q3, 2016)

332.3m

Gross profit margin (Q3, 2016), %

64.4%

Net income (Q3, 2016)

38.6m

EBIT (Q3, 2016)

70.2m

Cash (30-Sept-2016)

632.1m
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
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
USDY, 2016

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2 x
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Rackspace Operating Metrics

Rackspace's Customers was reported to be 140 k in Apr, 2018.
FY, 2013FY, 2014FY, 2015Q2, 2016Q3, 2016Apr, 2018May, 2019Oct, 2019

Customers

200 k300 k300 k140 k

Countries

120 120 120 120 120 150 150

Data Centers

11 11 11 19 19

Openstack Managed Server Hours

1 b1 b
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Rackspace Acquisitions / Subsidiaries

Company NameDateDeal 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$11.50 m
SlicehostOctober 22, 2008
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Rackspace Revenue Breakdown

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

Rackspace Online and Social Media Presence

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Rackspace News and Updates

Report: Rackspace has secretly filed to go public with eye to $10B+ valuation

Rackspace Holding Inc. has confidentially filed for an initial public offering that could value it at more $10 billion including debt, according to sources cited by Reuters on Thursday. Rackspace started out as a hosting provider in 1998 and debuted on the New York Stock Exchange a decade later. In…

Exclusive: Apollo readies IPO of cloud company Rackspace - sources

Private equity firm Apollo Global Management Inc has registered Rackspace Holding Inc for an initial public offering (IPO) that could value the cloud services firm at more than $10 billion, including debt, people familiar with the matter said.

Rackspace Completes Acquisition of Onica

Acquisition Adds Cloud-Native Expertise, including Application Modernization, Machine Learning, IoT, and Serverless Computing to Help Rackspace Guide Customers Through all Phases of Digital Transformation Acquisition Adds Cloud-Native Expertise, including Application Modernization, Machine Learning,…

Rackspace used to try to compete with Amazon's cloud. Now it's going 'all in' on Amazon Web Services with the acquisition of a consulting company.

On Monday, the cloud services company Rackspace announced it would acquire Onica, a consulting company for Amazon Web Services. Rackspace was an early competitor to AWS, but it changed its business to focus on supporting customers using it, instead. Amid the shift, Rackspace went from a publicly-…

Synchronoss Financial Analytics platform selected by Rackspace to accurately validate expenses and invoices

BRIDGEWATER, N.J., Oct. 30, 2019 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging, digital and IoT products, today announced that Rackspace will use the Synchronoss Financial Analytics platform to manage costs, provide visibility …

Rackspace debuts more managed services for hybrid clouds

Managed cloud services company Rackspace Inc. today announced new offerings aimed at helping its customers better manage their hybrid cloud deployments. The new services are intended to facilitate the deployment and management of modern applications, the company said. The new services come after Ra…
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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 Kevin M. Jones, Holly Windham and Matt Stoyka.

  • How many employees does Rackspace have?

    Rackspace has 7,243 employees.

  • What is Rackspace revenue?

    Latest Rackspace annual revenue is $2 b.

  • What is Rackspace revenue per employee?

    Latest Rackspace revenue per employee is $276.3 k.

  • Who are Rackspace competitors?

    Competitors of Rackspace include Equinix, Nutanix and NetApp.

  • Where is Rackspace headquarters?

    Rackspace headquarters is located at 1 Fanatical Pl, Windcrest.

  • Where are Rackspace offices?

    Rackspace has offices in Windcrest, Brisbane City, Melbourne, Sydney and in 9 other locations.

  • How many offices does Rackspace have?

    Rackspace has 14 offices.