Rackspace reported QE June 2012 financial results on August 7
This was a solid quarter for Rackspace, reporting record quarterly revenues, operating income, net income, and gross margin. Earnings per share of $0.18 matched the QE 12-31-11 all-time high. Cash flow per share, operating margin, and net margin were second only to the record QE 12-31-11.
Both net revenues and earnings per share met the analysts' estimates. The next 2 quarters, the QE 9-30-12 and the QE 12-31-12, are expected to push the bar even higher to record revenues, net income, and earnings per share. Long-term growth, the YoY increase, is slowing but continues very strong, for both revenues and earnings per share. See chart further below.
Financial Result, QoQ Change, YoY Change
Total Assets: $1.14 billion, +5%, +28%
Net Revenues: $318.99 million, +6%, +29%
Net Income: $25.13 million, +8%, +43%
Earnings per Share: $0.18, +6%, +38%
“At the halfway point in the year, we have made a lot of progress on our plans to broaden our product and services portfolio while simultaneously managing a rapidly growing business. Keep your eyes open for more product announcements in the coming weeks and we look forward to updating you on our progress in November,” said Karl Pichler, chief financial officer.
“Last week we achieved a significant milestone in our 2012 plan by launching Cloud Servers powered by OpenStack. This new offering embeds the latest version of the OpenStack software to combine the on-demand scalability of modern cloud infrastructure with the flexibility benefits of open source technology. This product launch represents the culmination of nearly two years of hard work by Rackers throughout the organization, and it will serve as the core of our new Open Cloud platform,” said Lanham Napier, chief executive officer.
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