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

Taylor Rhodes

Taylor Rhodes

President & CEO
John Engates

John Engates

CTO
Mark Roenigk

Mark Roenigk

COO
Karl Pichler

Karl Pichler

SVP & CFO
Brian Kelly

Brian Kelly

CSO
Scott Crenshaw

Scott Crenshaw

SVP, Strategy and Product
Tiffany Lathe

Tiffany Lathe

VP and General Counsel
Ryan Neading

Ryan Neading

Chief Information Officer
Jeff Cotten

Jeff Cotten

Managing Director, International

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, CN
9/F., Cambridge House Taikoo Place, 979 King's Road
Sydney, AU
Level 1, 37 Pitt Street
Middlesex, GB
5 Millington Road. Hyde Park Hayes

Rackspace 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 11.5% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

$1.5 b$1.8 b$2 b

Revenue growth, %

17%12%

Cost of goods sold

$492.5 m$582.3 m$675.5 m

Gross profit

$1 b$1.2 b$1.3 b

Gross profit Margin, %

68%68%66%

Operating expense total

$1.4 b$1.6 b$1.8 b

EBIT

$133.1 m$163.5 m$206.1 m

EBIT margin, %

9%9%10%

Interest expense

$3.1 m$1.9 m$11.3 m

Pre tax profit

$130.8 m$159.6 m$193.6 m

Income tax expense

$44 m$49.1 m$67.4 m

Net Income

$86.7 m$110.6 m$126.2 m
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015

Cash

$125.4 m$104.9 m$159.9 m$186.5 m$278.6 m$213.5 m$484.7 m

Accounts Receivable

Inventories

Current Assets

$439 m$421.7 m$718.4 m

PP&E

$890.8 m$1.1 b$1.1 b

Goodwill

$81.1 m$81.1 m$81.1 m

Total Assets

$1.5 b$1.6 b$2 b

Accounts Payable

$122 m$137.3 m$136.3 m

Current Liabilities

$258.5 m$276.7 m$236.9 m

Additional Paid-in Capital

$636.7 m$696 m$834.5 m

Retained Earnings

$423.1 m$398.3 m$178.1 m

Total Equity

$976.5 m

Financial Leverage

2.1 x
FY, 2013FY, 2014FY, 2015

Net Income

$86.7 m$110.6 m$126.2 m

Depreciation and Amortization

$313 m$371.9 m$399.9 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 m$542.5 m$583.6 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

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