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Rackspace's revenue is $2.7 billion.

What is Rackspace's revenue?

Rackspace's annual revenue is $2.7B. Zippia's data science team found the following key financial metrics about Rackspace after extensive research and analysis.
  • Rackspace's revenue growth from 2021 to 2024 is -9.05%.
  • Rackspace has 7,200 employees, and the revenue per employee ratio is $380,152.
  • Rackspace's peak quarterly revenue was $787.6M in 2022(q3).
  • Rackspace peak revenue was $3.1B in 2022.
  • Rackspace annual revenue for 2023 was 3.0B, -5.29% growth from 2022.
  • Rackspace annual revenue for 2024 was 2.7B, -7.44% growth from 2023.

On this page

Most recent quarter revenue
$685.6M (Q4'2024)
Company most recent quarter revenue
Peak revenue
$3.1B (2022)
Company peak revenue
Revenue / employee
$380,153
Company revenue / employee

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Most recent quarter revenue
$685.6M (Q4'2024)
Company most recent quarter revenue
Peak revenue
$3.1B (2022)
Company peak revenue
Revenue / employee
$380,153
Company revenue / employee

Rackspace historical revenue

Rackspace annual revenue

$3B
$2B
$2B
$1B
$624M
$0
2021
2022
2023
2024

Rackspace annual revenue over time

Fiscal year / yearRackspace revenue
2021$3.0B
2022$3.1B
2023$3.0B
2024$2.7B

How accurately did Rackspace's revenue projections match actual performance?

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Rackspace annual growth

Rackspace annual growth rate over time

YearRackspace growth
2022
4%
2023
-5%
2024
-7%

Rackspace quarterly revenue over time

  • Q1
  • Q2
  • Q3
  • Q4
$788M
$630M
$473M
$315M
$158M
$0
2021
2022
2023
2024

Rackspace quarterly growth rate over time

YearQ1Q2Q3Q4
2021$725.9M$743.8M$762.5M$777.3M
2022$775.5M$772.2M$787.6M$787.0M
2023$758.7M$746.3M$732.4M$719.7M
2024$690.8M$684.9M$675.8M$685.6M

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Rackspace financial information

CEOKevin M. Jones
IndustrySoftware & Services
Company TypePublic
Employees Number7,200
Date Founded1998
HeadquartersSan Antonio, Texas
Number of Locations16
Revenue$2.7B
Net Income-$102,300,000
Gross Proft$533.4M (2024)
Tax Rate0.0%
Total Assets$6,272,400,000
TickerRXT

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Rackspace financing

Rackspace received early financing of $6.3M on 2000-01-10.

SeriesRound sizeDate
Venture Round - Rackspace$11.5M04/2000
Venture Round - Rackspace$6.3M01/2000

Rackspace investors

InvestorsSecurity type
Sequoia CapitalVenture Round - Rackspace
Red HatVenture Round - Rackspace
Norwest Venture PartnersVenture Round - Rackspace
Isom CapitalVenture Round - Rackspace
Teton Capital AdvisersVenture Round - Rackspace

Rackspace competitors

Rackspace's top competitor, VMware, earned an annual revenue of $13.3B.

Rackspace's smallest competitor is Internet Securities with revenue of $17.2M last year.

Rackspace revenue FAQs

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Zippia gives an in-depth look into the details of Rackspace, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Rackspace. The employee data is based on information from people who have self-reported their past or current employments at Rackspace. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Rackspace. The data presented on this page does not represent the view of Rackspace and its employees or that of Zippia.

Rackspace may also be known as or be related to RACKSPACE HOSTING INC., Rackspace, Rackspace , INC., Rackspace Hosting Inc, Rackspace Hosting, Inc., Rackspace Technology, Inc. and Rackspace, The #1 Managed Cloud Company.