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4-Traders Homepage  >  Equities  >  Nyse  >  Rackspace Hosting, Inc.    RAX

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Rackspace Hosting, Inc. : Rackspace Scoops 'Employer of the Year' at National Business Awards UK

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11/10/2011 | 12:20pm CEST


Rackspace(R) Hosting (NYSE: RAX), the service leader in cloud computing, today announced that it has been recognised as the 'Employer of the Year' at the 2011 National Business Awards UK, which were held at London's Grosvenor House Hotel on Tuesday 8th November 2011.

The National Business Awards are among the most high-regarded professional accolades in the UK with companies such as BSkyB and Intuit also shortlisted as finalists in the 'Employer of the Year' category. Key to Rackspace's success in this award category was the creation of a winning UK workplace through strong leadership, open communications and employee skills investment. The company's achievements are carried forward by the incredible team of 'Rackers' that fill its headquarters to serve their best every day, creating what the company proudly calls "an awesome experience" for all customers.

Regarding the National Business Awards, British Prime Minister David Cameron has stated "These awards, they really do show off the best of British. Category after category, celebrating outstanding achievements. The true pride of Britain and the true wealth creators in our economy."

"The National Business Awards are a celebration of the very best in British business," said Rackspace Senior Vice President and UK Managing Director, David Kelly. "It's is fantastic to receive external validation from National Business Awards recognising the work we do throughout the business to create a truly great place to work. Maintaining an award winning culture whilst growing at a rapid pace and driving the cloud industry is something that all Rackers should be proud of."

The National Business Awards in partnership with Orange(TM) is an independent business recognition platform with a particular emphasis on excellence, innovation and ethical business. Now in its tenth year, the National Business Awards connects the nations' professionals through its annual awards ceremony; year-round thought leadership and round table events; and is UBM plc's flagship awards programme.

"The competition for the award was intense," said Andy Hague, MD at Croner and sponsor of the 'Employer of the Year' award. "Rackspace is fast maturing, but still maintains its youthful spirit while still providing Fanatical Support to customers and delivering an outstanding employer brand. In sponsoring the award we really wanted to find an example of what being an excellent employer is all about. Congratulations go to Rackspace for standing out in such an impressive field. Croner has been proud to sponsor the Employer of the Year award. "

About Rackspace

Rackspace Hosting is the service leader in cloud computing, and the founder of OpenStack, an open source cloud platform. Rackspace provides Fanatical Support (R) to its customers, across a portfolio of IT services, including Managed Hosting and Cloud Computing. In 2010, Rackspace was recognised by the Sunday Times Best Places to Work and Financial Times Top 50 Great Place to Work in the United Kingdom for the seventh year in a row. The company was also positioned in the Leaders Quadrant by Gartner Inc. in the "2010 Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting. For more information, visit www.rackspace.co.uk.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Rackspace Hosting could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements about historical results or third party data or awards that may suggest trends for our business or industry; any statements of the plans, strategies, and objectives of Rackspace for future operations or growth; any statements of expectation or belief regarding future events, and any statements of assumptions underlying any of the items mentioned. Risks, uncertainties and assumptions include the possibility that expected growth or success may not materialize because of Rackspace's inability to continue to provide a culture that engages its workforce, rapid technological changes that can adversely affect the demand for Rackspace products and services, shifts in customer demand, customers' and potential customers' acceptance of Rackspace products and services, and other risks that are described in Rackspace Hosting's Form 10-Q for the quarter ended September 30, 2011, filed with the SEC on November 8, 2011. Except as required by law, Rackspace Hosting assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

3 Monkeys Communications
Amy Bunn
PR Account Manger
+44 (0)20 7009 3122
Rackspace Hosting
Brooke Hamilton
Corporate Communications Manager
+44 (0)20 8734 2700

SOURCE: Rackspace

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Financials ($)
Sales 2016 2 109 M
EBIT 2016 240 M
Net income 2016 133 M
Debt 2016 75,8 M
Yield 2016 -
P/E ratio 2016 22,11
P/E ratio 2017 20,98
EV / Sales 2016 1,42x
EV / Sales 2017 1,33x
Capitalization 2 919 M
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Rackspace Hosting, Inc. Technical Analysis Chart | RAX | US7500861007 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 26,5 $
Spread / Average Target 14%
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Taylor Rhodes President, Chief Executive Officer & Director
Graham M. Weston Chairman
Mark W. Roenigk Chief Operating Officer & Senior Vice President
Karl Pichler Chief Financial Officer, Treasurer & Senior VP
John Engates Chief Technology Officer
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