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Tag: financial results

  • Chef(TM) Growth Soars in 2013

    SEATTLE, WA–(Marketwired – Feb 12, 2014) –Chef™, the leader in IT automation, today announced surging adoption of its Chef™ IT automation platform. In 2013, the company’s total sales grew 188 percent year over year, while recurring revenue quadrupled. The number of new customers adopting Chef reached record levels in 2013, with nearly 70 percent of sales coming from Fortune 1000 organizations. The company’s European operations also achieved significant momentum, with total sales growing more than 400 percent, compared to 2012.

    Interviews with a range of Fortune 1000 brands detailing their use of Chef to solve today’s hardest IT challenges can be viewed here.

    “Our continued, strong sales and revenue growth coincides with the acceptance of Chef as the de facto standard for delivering speed and scale for both web innovators and forward-leaning enterprises,” said Barry Crist, CEO, Chef. “This is a special time for Chef and our community; as our business grows larger, our growth rate is also accelerating.”

    Leading Industry Research Spotlights Transformative Shift in Enterprise IT

    Recent research points to massive change and upheaval, as well as vast new opportunities, in enterprise IT. The Gartner Research document entitled, “Taming the Digital Dragon: The 2014 CIO Agenda,” (Dave Aron, Graham Waller), Dec. 31, 2013, states:

    “Now we are entering a third era of enterprise IT, where these new trends are not only improving what businesses do with technology to make themselves faster, cheaper and more scalable, but fundamentally changing businesses with information and technology, changing the basis of competition and the portfolio of businesses people are in, and in some cases creating new industries.”

    Today, the enterprise is rapidly adopting IT automation in response to these immense pressures. The Gartner Research document entitled, “Predicts 2014: Automation Brings Promise to IT Operations Management, but at What Cost?” (Jarod Greene, Ronni J. Colville, Ian Head, George Spafford, Jeffrey M. Brooks, Robert Naegle), Dec. 12, 2013, states:

    “By 2015, 75% of large enterprises will have more than four diverse automation technologies within their IT management portfolio, up from less than 20% in 2013.”

    Meanwhile, the continued adoption of cloud computing across businesses of all sizes is helping drive a new wave of automation platforms. As a recent Forrester Research, Inc. report, “Predictions for 2014: Cloud Computing” (Dec. 4, 2013), states:

    “Chef and Puppet will usurp commercial automation solutions… Open source server configuration automation is quickly becoming the de facto cloud service automation approach and will dominate the management of elastic cloud workloads.”

    Enterprise Chef Sales Surge

    Chef’s sales in Q4 2013 alone nearly equaled sales for all of 2012. Fortune 500 companies in media, transportation, manufacturing, Big Web, retail, and financial services have all deployed Chef to maximize the benefits of DevOps strategies in accelerating time to market.

    Enterprise Chef™ models IT infrastructure and application delivery as code. Enterprise Chef provides the integrated automation platform needed to succeed in today’s customer-propelled economy. Chef delivers the power and flexibility to move faster in a complex world — from rapid provisioning and deployment of IT resources to the automated delivery of applications and services — at any scale.

    Chef Skills Footprint On the Rise

    The Open Source Chef community grew more than 200 percent across all primary metrics in 2013, including millions of Chef downloads, hundreds of thousands of monthly Chef Cookbook downloads, and thousands of individual contributors. With tens of thousands of registered users contributing code and solving IT challenges every day, the Chef community is building a new generation of skilled automation professionals worldwide.

    Continuing its commitment to the wider Chef community, Chef is sponsoring Ada Developers Academy, an intensive software developer training school for women. As part of its sponsorship, Chef will be providing an internship for an Ada Developers Academy student beginning in May. In the internship, the student will spend six months learning about and contributing code for the Chef IT automation platform. More information on Ada Developers Academy can be found here.

    “The Chef Community is all about helping each other solve complex IT automation challenges, while transforming traditional IT to something focused on automation, DevOps, and Continuous Delivery,” commented Nathen Harvey, Community Director, Chef. “The Chef Community has always been a very open, welcoming community. Our participation in the Ada Academy is one example of how we’re bringing automation skills to IT professionals everywhere.”

    #ChefConf 2014

    #ChefConf 2014 is taking place at the Hyatt Embarcadero in San Francisco, April 15-17, 2014. Chef’s annual user conference is the largest, most vibrant gathering of New IT andDevOps practitioners, featuring three days of inspired discussions, collaborative presentations, technical training, and hands-on labs focused on automating business to hyper-speed. View the agenda here and register now to take advantage of early bird pricing before February 28.

    #learnchef

    About Chef

    We are Chef — the leader IT automation. We give you a model for automating IT infrastructure and applications that drive self-reliance across your development and operations teams. We are the Chef community. We are tens of thousands strong. We are helping your businesses become faster, safer and more flexible, so you win in today’s 24×7 digital economy. Join our movement today. www.getchef.com

  • Rackspace Hosting Reports Fourth Quarter 2013 Results

    Rackspace announced it is extending its Fanatical Support® to help customers automate their cloud infrastructure with a new managed support service for DevOps tools. The new DevOps Automation Service will help developers automate the process of deploying and scaling hybrid cloud infrastructure for fast-growing applications, while advancing the adoption of the DevOps methodology among software and IT teams.

    SAN ANTONIO–()–Rackspace® Hosting, Inc. (NYSE: RAX), the open cloud company, announced financial results for the quarter ended December 31, 2013.

    Net revenue for the fourth quarter of 2013 was $408 million, up 5.0% from the previous quarter and up 16% from the fourth quarter of 2012. Net revenue for the fourth quarter of 2013 was positively impacted by currency exchange rates when compared to the previous quarter by $4.2 million and positively impacted when compared to the fourth quarter of 2012 by $0.8 million.

    Total server count increased to 103,886, up from 101,967 servers at the end of the previous quarter.

    Adjusted EBITDA(1) for the quarter was $132 million, a 5.2% increase compared to the third quarter of 2013 and a 2% increase compared to the fourth quarter of 2012. The Adjusted EBITDA margin for the quarter was 32.4% compared to 32.3% in the previous quarter and 36.8% in the fourth quarter of 2012.

    Consistent with prior periods, Adjusted EBITDA and Adjusted EBITDA margin were negatively impacted by a non-cash charge relating to data center operating leases. During the fourth quarter of 2013, the non-cash data center lease charge was $2.3 million, compared to $3.8 million in the previous quarter and $2.9 million in the fourth quarter of 2012.

    Net income was $21 million for the quarter, up 27.5% from the previous quarter and down 30% from the fourth quarter of 2012. Net income margin for the quarter was 5.1% compared to 4.2% for the previous quarter and 8.5% in the fourth quarter of 2012.

    Cash flow from operating activities was $110 million for the fourth quarter of 2013. Capital expenditures were $116 million, including $65 million for purchases of customer gear, $23 million for data center build outs, $8 million for office build outs and $20 million for capitalized software and other projects.

    Adjusted Free Cash Flow(1) for the quarter was $15 million. Return on Capital(1) was 9.6%, compared to 8.0% in the prior quarter and 16.9% in the fourth quarter of 2012. Average monthly revenue per server was $1,322, compared to $1,290 in the prior quarter and $1,310 in the fourth quarter of 2012.

    At the end of the fourth quarter of 2013, cash and cash equivalents were $260 million, and debt including capital lease obligations totaled $58 million.

    On a worldwide basis, Rackspace employed 5,651 Rackers as of December 31, 2013, up from 5,450 in the previous quarter.

    “With the leadership team and strategy we have in place, and the powerful position that we’ve established in the marketplace, I’m confident that we can make 2014 one of the best years in Rackspace history. In 2014, we will take the next step to carve out our differentiated position and help the next adoption wave of customers reach a hybrid cloud world. We will continue to invest in our portfolio of services and reinforce our differentiation in the market. We will win as we always have — one delighted customer at a time,” said Graham Weston, Chairman and CEO.

    Rackspace Developments and Business Highlights

    • Rackspace announced that Taylor Rhodes, the company’s Chief Customer Officer (CCO), has been appointed President, effective immediately. Mr. Rhodes joined Rackspace in 2007 and has served in a variety of leadership positions within the company. Prior to his role as CCO, Mr. Rhodes served as Senior Vice President and Managing Director of Rackspace International. In his various roles, Mr. Rhodes has guided the company towards its mission of bringing the power of Rackspace’s hybrid cloud portfolio, backed by Fanatical Support®, to global markets. Additionally, he has played an integral role in evolving Fanatical Support for the benefit of customers worldwide, which has enabled Rackspace to advance its position as the service leader in the industry.
    • Rackspace announced it has been ranked 29 on the 2014 FORTUNE 100 Best Companies to Work For® list. FORTUNE has named Rackspace as one of America’s top workplaces in six of the past seven years. Rackspace was selected among hundreds of companies vying for a place on the list this year. Great Place to Work® chose Rackspace using its unique methodology based on five dimensions: credibility, respect, fairness, pride and camaraderie.
    • Rackspace announced it is extending its Fanatical Support® to help customers automate their cloud infrastructure with a new managed support service for DevOps tools. The new DevOps Automation Service will help developers automate the process of deploying and scaling hybrid cloud infrastructure for fast-growing applications, while advancing the adoption of the DevOps methodology among software and IT teams.
    • Rackspace announced it has given nearly £250,000 worth of cloud hosting services and support for free to 300 members of the Rackspace Startup Programme since it started in the UK six months ago. This is in addition to many other benefits members have received, such as mentoring, expert technical advice and access to networking events. All of these benefits are helping power new UK businesses to succeed and are provided by Rackspace through over 50 partners, including premier incubators, accelerators, associations and investors. The high profile partners involved in the Rackspace Startup Programme include Techstars, Dreamstake, Wayra, Seedcamp, Oxygen Accelerator and Accelerator Academy. Partners located outside of London – ensuring program access for startups throughout the UK – include ignite100 in Newcastle, dotForge in Sheffield and four organizations in Ireland: Wayra, NDRC, Propeller Venture Accelerator and Ustart.

    Conference Call and Webcast

    Management will host a conference call to discuss the results starting today at 4:30 p.m. ET.

    To access the conference call, please dial 800-946-0712 from the United States and Canada or dial 719-325-2328 from abroad and reference pass code 2801570. A live webcast and a replay of the conference call will be available on Rackspace’s website, located at http://ir.rackspace.com.

    About Rackspace

    Rackspace (NYSE: RAX) is the global leader in hybrid cloud and founder of OpenStack®, the open-source operating system for the cloud. Hundreds of thousands of customers look to Rackspace to deliver the best-fit infrastructure for their IT needs, leveraging a product portfolio that allows workloads to run where they perform best—whether on the public cloud, private cloud, dedicated servers, or a combination of platforms. The company’s award-winning Fanatical Support helps customers successfully architect, deploy and run their most critical applications. Headquartered in San Antonio, TX, Rackspace operates data centers on four continents. Rackspace is featured on Fortune’s list of 100 Best Companies to Work For. For more information, visit www.rackspace.com.

    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 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 concerning anticipated operational and financial benefits from Rackspace strategies related to additions or changes in leadership, the success of leadership transition, company growth or success of new operational initiatives, any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the integration and effectiveness of new leadership into the Rackspace culture and business operations, instability or downturns in the economy, the effectiveness of managing company growth, infrastructure failures and other risks that are described in Rackspace Hosting’s Form 10-Q for the quarter ended September 30, 2013, filed with the SEC on November 12, 2013. 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.