Rackspace revenues lift 8% to USD 518 mln

Tuesday 10 May 2016 | 09:27 CET | News
Rackspace said revenues for its quarter rose 7.9 percent from the year before to USD 518 million, driven by cloud services. Results were negatively affected by forex effects and the sale of the company's Jungle Disk business. On a constant currency effect, revenues grew 9.9 percent. Adjusted EBITDA lifted 11.7 percent to USD 179 million, with a margin of 34.5 percent from 33.3 percent, while the net profit jumped to USD 48.8 million from 27.5 million and diluted earnings per share went higher to USD 0.37 from 0.19.

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Categories: Fixed
Companies: Rackspace
Countries: World
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