$RAX (Rackspace Hosting, Inc.)

$RAX {{ '2015-12-10T15:23:57+0000' | timeago}} • Announcement

Texas-based open cloud computing company $RAX said it appointed Alex Pinchev as EVP and President of global sales and marketing, effective Jan. 1, 2016.

$RAX {{ '2017-07-11T20:23:36+0000' | timeago}} • Announcement

$RAX announced a relationship with Lightstream, a systems integrator, to deliver integrated Microsoft Cloud Solutions with specialized customer lifecycle support. Together, the companies will provide managed services across a wide range of Microsoft technologies and productivity and collaboration solutions.

$CFR {{ '2017-01-19T14:41:11+0000' | timeago}} • Announcement

$CFR said its BoD, on Jan. 18, elected Sam Dawson, CEO of Pape-Dawson Engineers, to fill Jack Wood's position for a term that expires at the upcoming annual meeting. The board also determined to nominate Graham Weston, co-founder and former CEO of $RAX, for election to the board by its shareholders at upcoming annual meeting in April.

$RAX {{ '2016-11-04T18:43:59+0000' | timeago}} • Announcement

$RAX completed previously announced transaction with affiliates of $APO to become a private company. $RAX was acquired by affiliates of funds managed by $APO for $32 per share in cash. $RAX's common stock will no longer be listed for trading on NYSE, effective immediately.

$RAX {{ '2016-08-26T13:07:39+0000' | timeago}} • Announcement

$RAX agreed to go private for $32 per share in cash, which represents a premium of 38% when compared to $RAX's unaffected closing stock price on Aug. 3, 2016. $RAX's BoD unanimously approved the agreement with $APO Funds and recommends that $RAX's stockholders vote in favor of the transaction. The transaction is expected to close in 4Q16.

$RAX {{ '2016-08-26T13:05:42+0000' | timeago}} • Announcement

$RAX said it agreed with affiliates of certain funds managed by affiliates of $APO to be acquired for $32.00 per share in cash. Funds managed by Searchlight Capital Partners will make strategic equity investment in the acquired company. The transaction has total value of $4.3Bil, which includes assumption of $43MM of net cash.

$RAX {{ '2016-08-09T07:00:36+0000' | timeago}} • Webcast

$RAX's cash flow from operations was $165MM and CapEx was $82MM or 15.7% of revenue in 2Q16. Free cash flow was a record $98MM in the quarter. $RAX completed its $500MM share repurchase commitment in 2Q16, and expects to repurchase shares, as per board authorization, of up to $1Bil by Aug. 2017.

$RAX {{ '2016-08-09T06:59:57+0000' | timeago}} • Webcast

$RAX said it is selling its Cloud Sites business unit, which is a non-core business. Also, company expects negative impact from the Brexit vote in the UK, where it's seeing somewhat higher churn rates and slowdown in spending among its customers. $RAX expects this to affect its business in 2H of 2016.

$RAX {{ '2016-08-09T06:59:32+0000' | timeago}} • Webcast

For 2016, excluding negative impact of currency movements and asset divestitures, $RAX expects normalized revenue growth rate to be 6.5-7.5%. Adjusted EBITDA is expected to remain in previously stated range of 33-35%. Company is reducing its full year CapEx guidance to be 16-18% of revenue.

$RAX {{ '2016-08-09T06:58:32+0000' | timeago}} • Webcast

Managed cloud computing company $RAX's 2Q16 revenue grew 7% YoverY, and normalized for exchange rate changes and the divestiture of the Jungle Disk business in 1Q16, the growth rate was 8.9%. Adjusted EBITDA margin was 35.8%, 300 BPs higher than 2Q15.

$RAX {{ '2016-08-08T21:03:18+0000' | timeago}} • Announcement

For 3Q16, $RAX expects revenue to be between $510-$515MM. Excluding the expected negative impact of currency movements, $RAX expects its normalized year-over-year growth rate for the quarter to range between 5-6%. For FY16, $RAX expects revenue to be between $2.06-2.08Bil. The estimates factor in approx. $70MM of currency impact.

$RAX {{ '2016-08-08T20:56:45+0000' | timeago}} • Announcement

Cloud computing company $RAX reported a higher 2Q16 profit, helped by a 7% growth in revenue which rose to $524MM. For the latest reported quarter, the company reported earnings of $35.8MM, or $0.28 per share, compared with $28.3MM, or $0.20 per share a year ago.

$RAX {{ '2016-05-26T13:15:18+0000' | timeago}} • Announcement

$RAX said it has promoted Carla Pineyro Sublett to SVP and CMO. Sublett will oversee all marketing functions globally to drive awareness for Rackspace as the #1 managed cloud provider. Sublett brings more than 17 years of technology sales and marketing experience to $RAX.

$RAX {{ '2016-05-23T05:46:09+0000' | timeago}} • Announcement

Managed cloud computing company $RAX said 76,281 of its RSUs were granted to 16 new non-executive officer employees on May 13, 2016 in accordance with NYSE Listing Rule 303A.08 under the Inducement Equity Incentive Plan.

$RAX {{ '2016-05-09T22:25:34+0000' | timeago}} • Webcast

Heather Bellini of Goldman Sachs asks about server count. CFO Karl Pichler said $RAX has ongoing growth expectations dedicated in private clouds business which comes with incremental servers. $RAX has an opportunity to rationalize and draw on higher capacity utilization in public clouds which would lead to server count reduction.

$RAX {{ '2016-05-09T22:16:08+0000' | timeago}} • Webcast

Gray Powell of Wells Fargo asks about $RAX's third-party cloud, net adds, ARPU and revenue guidance for it in 2016. CEO Taylor Rhodes said the revenue contribution from them is expected to be minimal in 2016. $RAX expects to increase net adds and the company is seeing ARPU ramp up over time.

$RAX {{ '2016-05-09T22:06:56+0000' | timeago}} • Webcast

Simon Flannery of Morgan Stanley asks about the margin profile of $RAX and returns in the AWS-Microsoft business. CFO Karl Pichler said $RAX has working assumptions in its models and is testing these against actual take-rates in the marketplace as it ramps up the offer. So far, $RAX has a good uptick on its higher service level offerings.

$RAX {{ '2016-05-09T21:52:38+0000' | timeago}} • Webcast

Timothy Horan of Oppenheimer asks about $RAX's marketing strategy. CEO Taylor Rhodes said the primary marketing goal is to build market power behind the managed cloud business led by $RAX's leadership position in AWS and Azure. So a lot of the marketing program spend has shifted toward brand awareness and demand generation in these areas.

$RAX {{ '2016-05-09T21:42:12+0000' | timeago}} • Webcast

James Breen of William Blair asks about $RAX's bookings and whether it will get better throughout the year. CEO Taylor Rhodes said the deals landed in 1Q16 were largely back-end loaded in March and so they will not have a revenue effect until the beginning of 3Q16. The 2Q16 pipeline includes some deals that will drive revenue in 2H16.

$RAX {{ '2016-05-09T21:27:32+0000' | timeago}} • Webcast

In 1Q16, $RAX recognized a $24MM gain from its divestiture of Jungle Disk, which positively affected its GAAP profits and cash flow. GAAP diluted EPS includes a benefit of $0.12 from the gain on the sale of Jungle Disk. Adjusted EBITDA was $179MM. ROC was 14.4%, 210BP versus 1Q15.

$RAX {{ '2016-05-09T21:08:10+0000' | timeago}} • Webcast

In 1Q16, $RAX saw strong demand for its expertise and support on the AWS and Microsoft Cloud and the OpenStack private cloud offer. The company now serves more than 400 customers on these platforms and its demand is scaling rapidly.

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