Rackspace (RAX) Posts Q1 EPS of 20c

(Updated - May 11, 2015 4:32 PM EDT)

Rackspace (NYSE: RAX) reported Q1 EPS of $0.20, versus the analyst estimate of $0.20. Revenue for the quarter came in at $480.2 million versus the consensus estimate of $481 million.

Adjusted EBITDA for the quarter was $161 million, up 15.5 percent from the first quarter of 2014.

"We delivered on our promises in the first quarter and are better positioning ourselves to benefit from the rapid growth of the managed cloud market," said Taylor Rhodes, president and CEO of Rackspace. "The execution of our strategy is driving profitable growth for Rackspace, including through a rising number of new, larger enterprise customers."

For the second quarter of 2015, Rackspace expects revenue to grow between 1.5 percent and 2.5 percent on a constant currency basis and adjusted EBITDA margins to be between 32 percent and 34 percent.

For earnings history and earnings-related data on Rackspace (RAX) click here.

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