Forbes: Rackspace Is One Of The Fastest Growing Tech Companies

Filed in Cloud Industry Insights by Andrew Hickey | May 9, 2012 1:52 pm

Rackspace has been ranked among the 25 fastest growing technology companies, according to the just-released Forbes Fast Tech 25[1].

To create the list, Forbes combs more than 5,000 publicly traded technology companies, seeking profitable companies with a minimum revenue of $150 million and a minimum market value of $500 million. From there, Forbes looks for firms with sales growth of at least 10 percent for each of the past three fiscal years and over the latest 12 months. Then, Forbes ranks the companies in descending order based on their three-year average sales growth.

Rackspace clocked in at No. 18[2] on the list, which puts it in great company alongside other growth kings like Apple, Red Hat and many more.

About Rackspace, Forbes wrote:

“Founded in 1998, Rackspace Hosting offers a range of cloud computing services, including dedicated cloud hosting and public cloud hosting, to small and medium-sized businesses, as well as large enterprises. Its services are sold to more than 172,000 businesses in more than 120 countries. The company manages more than 79,000 servers and 2,700,000 e-mail accounts.”

And Rackspace is positioned to continue its growth and momentum as it brings Fanatical Support to more and more businesses globally.

Endnotes:
  1. Forbes Fast Tech 25: http://www.forbes.com/sites/ericsavitz/2012/05/02/the-forbes-fast-tech-25-our-annual-list-of-growth-kings/
  2. Rackspace clocked in at No. 18: http://www.forbes.com/pictures/efhf45fgjmj/no-18-rackspace-hosting/#gallerycontent

Source URL: http://www.rackspace.com/blog/forbes-racksapce-is-one-of-the-fastest-growing-tech-companies/