–Net revenue of $178.8 million grew 23.2% year-over-year and 5.5% from Q4 2009
–Adjusted EBITDA(1) of $59.4 million grew 31.8% year-over-year and 6.1% from Q4 2009
–Achieved adjusted EBITDA margin of 33.2%, up from 31.1% in Q1 2009 and 33.0% in Q4 2009
–Net income of $9.8 million grew 48.9% year-over-year and 8.6% from Q4 2009
“We are very pleased with our performance in Q1 as we accelerated revenue growth while improving margins,” said Lanham Napier, president and chief executive officer. “2010 will be an exciting year for Rackspace. Our advantages as the leader and specialist in hosted computing, and provider of Fanatical Support(R), are validated every day by customers who pay us premium rates, stay with us for years, and recommend us to their friends. Our customers are incredibly loyal. We aspire to serve them so well that we will be known as the most trusted company in all of IT. We have earned a strong position in the market, and we will create more and more value for our stakeholders. We see the opportunity, and we intend to grab it.”
