Sales: 1-800-961-2888
Support: 1-800-961-4454
Login
- MyRackspace Portal
- Cloud Control Panel
- Rackspace Webmail Login
Rackspace Hosting Reports Second Quarter 2010 Results
Rackspace Hosting, Inc., the world’s leader in the hosting and cloud computing industry, announced financial results for the quarter ended June 30, 2010. Net revenue for the second quarter of 2010 was $187.3 million, up 4.8% from the previous quarter and up 23.2% from the second quarter of 2009. Net revenue for the second quarter of 2010 was negatively impacted by currency exchange rates when compared to the first quarter of 2010, but was favorably impacted when compared to the second quarter of 2009.
For an instant replay of the earnings call, click here.
For the quarter ended June 30, 2010:
* Net revenue of $187.3 million grew 23.2% year-over-year and 4.8% from Q1 2010
* Adjusted EBITDA (1) of $62.2 million grew 29.2% year-over-year and 4.7% from Q1 2010
* Achieved adjusted EBITDA margin of 33.2%, up from 31.7% year-over-year and in-line with Q1 2010
* Net income of $11.2 million grew 60.2% year-over-year and 14.1% from Q1 2010
* Generated $15.4 million of Adjusted Free Cash Flow for the quarter and $16.9 million for the first six months of 2010
SAN ANTONIO – Rackspace® Hosting, Inc. (NYSE: RAX), the world’s leader in the hosting and cloud computing industry, announced financial results for the quarter ended June 30, 2010.
Net revenue for the second quarter of 2010 was $187.3 million, up 4.8% from the previous quarter and up 23.2% from the second quarter of 2009. Net revenue for the second quarter of 2010 was negatively impacted by currency exchange rates when compared to the first quarter of 2010, but was favorably impacted when compared to the second quarter of 2009.
Changes in currency exchange rates had a negative impact on net revenue of $2.0 million quarter-over-quarter, and a positive impact on net revenue of $1.7 million on a year-over-year basis.
Managed hosting revenue for the quarter increased to $164.1 million, up from $159.5 million in the first quarter of 2010. Cloud revenue increased to $23.2 million in the quarter, up from $19.3 million in the previous quarter.
Total server count increased to 61,874, up from 59,876, servers at the end of the first quarter of 2010, and total customers increased to 108,023, up from 99,446 at the end of the previous quarter.
“Looking at our performance in the first two quarters of the year, it is clear that we are delivering on our financial plan. Our subscription revenue model gives us lots of stability, and we are optimistic that we will continue delivering on our goals,” said Lanham Napier, president and chief executive officer.
For the full press release, please follow this link.
Rackspace Hosting Reports Second Quarter 2010 Results
Related News
Rackspace Hosting Reports Fourth Quarter 2010 Results
For the quarter ended December 31, 2010: * Net revenue of $214.7 million grew 26.7% year-over-year and 7.5% from Q3 2010 * Adjusted EBITDA (1) of $72.0 million grew 28.7% year-over-year and 5.2% from Q3 2010 * Achieved adjusted EBITDA margin of 33.5%, up from 33.0% year-over-year and down from 34.3% in Q3 2010 * Net income of $13.5 million grew 49.9% year-over-year and 14.6% from Q3 2010 * Generated $5.6 million of Adjusted Free Cash Flow for the quarter and $34.2 million for the 2010 year
For the quarter ended December 31, 2010: * Net revenue of $214.7 million grew 26.7% year-over-year and 7.5% from Q3 2010 * Adjusted EBITDA (1) of $72.0 million grew 28.7% year-over-year and 5.2% from Q3 2010 * Achieved adjusted EBITDA margin of 33.5%, up from 33.0% year-over-year and down from 34.3% in Q3 2010 * Net income of $13.5 million grew 49.9% year-over-year and 14.6% from Q3 2010 * Generated $5.6 million of Adjusted Free Cash Flow for the quarter and $34.2 million for the 2010 year
Rackspace to Host Conference Call for Fourth Quarter 2010 Results
Rackspace® Hosting, Inc. (NYSE: RAX), the world's leading specialist in the hosting and cloud computing industry, will announce its fourth quarter 2010 financial results on Thursday, February 10, 2011, after the close of the financial markets.
Rackspace® Hosting, Inc. (NYSE: RAX), the world's leading specialist in the hosting and cloud computing industry, will announce its fourth quarter 2010 financial results on Thursday, February 10, 2011, after the close of the financial markets.
Rackspace Hosting Reports Third Quarter 2010 Results
For the quarter ended September 30, 2010: • Net revenue of $199.7 million grew 23.0% year-over-year and 6.6% from Q2 2010 • Adjusted EBITDA (1) of $68.5 million grew 33.2% year-over-year and 10.1% from Q2 2010 • Achieved adjusted EBITDA margin of 34.3%, up from 31.7% year-over-year and 33.2% in Q2 2010 • Net income of $11.8 million grew 55.3% year-over-year and 5.5% from Q2 2010 • Generated $11.7 million of Adjusted Free Cash Flow for the quarter and $28.6 million for the first nine months of 2010
For the quarter ended September 30, 2010: • Net revenue of $199.7 million grew 23.0% year-over-year and 6.6% from Q2 2010 • Adjusted EBITDA (1) of $68.5 million grew 33.2% year-over-year and 10.1% from Q2 2010 • Achieved adjusted EBITDA margin of 34.3%, up from 31.7% year-over-year and 33.2% in Q2 2010 • Net income of $11.8 million grew 55.3% year-over-year and 5.5% from Q2 2010 • Generated $11.7 million of Adjusted Free Cash Flow for the quarter and $28.6 million for the first nine months of 2010
Rackspace to Host Conference Call for Third Quarter 2010 Results
Rackspace® Hosting, Inc. (NYSE:RAX), the world’s leading specialist in the hosting and cloud computing industry, will announce its third quarter 2010 financial results on Monday, November 8, 2010, after the close of the financial markets.
Rackspace® Hosting, Inc. (NYSE:RAX), the world’s leading specialist in the hosting and cloud computing industry, will announce its third quarter 2010 financial results on Monday, November 8, 2010, after the close of the financial markets.
Leave a Comment
Search News By Keyword
Search News By Topic
Related News Articles