Rackspace announced financial results for the quarter ended June 30, 2010. Here were the results:
- Net revenue of $187.3 million grew 23.2% year-over-year and 4.8% from Q1 2010
- Adjusted EBITDA (1) of $62.2 million grew 29.2% year-over-year and 4.7% from Q1 2010
- Achieved adjusted EBITDA margin of 33.2%, up from 31.7% year-over-year and in-line with Q1 2010
- Net income of $11.2 million grew 60.2% year-over-year and 14.1% from Q1 2010
- Generated $15.4 million of Adjusted Free Cash Flow for the quarter and $16.9 million for the first six months of 2010
