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.

TypePublic
Founded1998
HQSan Antonio, US
Websiterackspace.com

Latest Updates

Employees (est.) (Aug 2020)6,800(-6%)
Job Openings267
Revenue (FY, 2015)$2 B(+12%)
Share Price (Nov 2020)$16.5 (-3%)
Cybersecurity ratingDMore

Key People/Management at Rackspace

Kevin M. Jones

Kevin M. Jones

Chief Executive Officer, Director
Subroto Mukerji

Subroto Mukerji

Chief Operating Officer
Dustin Semach

Dustin Semach

Chief Financial Officer
Holly Windham

Holly Windham

Chief Legal and People Officer
Matt Stoyka

Matt Stoyka

Chief Solutions Officer
Jeff Deverter

Jeff Deverter

CTO, Solutions
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Rackspace Office Locations

Rackspace has offices in San Antonio, Brisbane City, Melbourne, Sydney and in 10 other locations
San Antonio, US (HQ)
1 Fanatical Pl
Brisbane City, AU
310 Edward St
Melbourne, AU
Level 19/114 William St
Sydney, AU
Level 1/37 Pitt St
München, DE
Herzogspitalstraße 24
München, DE
Luise-Ullrich-Straße 20
Show all (16)

Rackspace Financials and Metrics

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.
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

Market capitalization (13-Nov-2020)

3.3b

Closing stock price (13-Nov-2020)

16.5

Cash (30-Sept-2016)

632.1m

EV

3.2b
Rackspace's current market capitalization is $3.3 b.
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
USDFY, 2013

Debt/Equity

0.1 x

Financial Leverage

1.4 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, 2019Jun, 2020

Customers

200 k300 k300 k140 k

Countries

120 120 120 120 120 150 150 150

Data Centers

11 11 11 19 19 19

Openstack Managed Server Hours

1 b1 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

D

62/100

SecurityScorecard logo

Rackspace Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Rackspace Online and Social Media Presence

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Rackspace News and Updates

Multicloud services from Rackspace Technology enables Plus500 to securely manage over 3 million trades every month

LONDON, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), the multicloud solutions provider, is supporting Plus500’s multicloud environment, having migrated services to Google Cloud whilst managing the existing VMware private cloud platform. Plus500’s highly sensitive data is …

Rackspace Technology and AutoPets Reimagine Pet Care with IoT Solution

SAN ANTONIO, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the results of its Internet of Things (IoT) centered cloud infrastructure and cloud native application development collaboration with au…

Rackspace Technology Announces Enhanced, Full-Lifecycle Capabilities to Help Customers Envision, Develop, and Launch their IoT Solutions

SAN ANTONIO, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced new Internet of Things (IoT) professional services capabilities aimed at helping customers across all stages of their IoT journey.

Rackspace Technology Taps Industry Veteran Amar Maletira as President and Chief Financial Officer

Company preannounces double-digit Q3 revenue growth Company preannounces double-digit Q3 revenue growth

Rackspace Technology helps Relay42 deliver up to 500,000 customer data events per second

LONDON, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), the multicloud solutions provider, has today announced that its management of Relay42’s Amazon Web Services (AWS) IT infrastructure is supporting the AI-driven data business to deliver up to 500,000 personalised custome…

Rackspace Technology Accelerates Momentum with Customer Transformations on AWS

SAN ANTONIO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced leading innovative IT transformations to Amazon Web Services (AWS) for customers, Humber College Institute of Technology and Advanced Le…
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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, Subroto Mukerji and Dustin Semach.

  • How many employees does Rackspace have?

    Rackspace has 6,800 employees.

  • What is Rackspace revenue?

    Latest Rackspace annual revenue is $2 b.

  • What is Rackspace revenue per employee?

    Latest Rackspace revenue per employee is $294.3 k.

  • Who are Rackspace competitors?

    Competitors of Rackspace include Sungard Availability Services, NetApp and Equinix.

  • Where is Rackspace headquarters?

    Rackspace headquarters is located at 1 Fanatical Pl, San Antonio.

  • Where are Rackspace offices?

    Rackspace has offices in San Antonio, Brisbane City, Melbourne, Sydney and in 10 other locations.

  • How many offices does Rackspace have?

    Rackspace has 16 offices.