=Rackspace (RAX) reported earnings on Mon 9 May 2016 (a/h)

Rackspace beats by $0.12, reports revs in-line; guides Q2 revs in-line; guides FY16 revs in-line :

• Reports Q1 (Mar) earnings of $0.34 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus of $0.22; revenues rose 7.9% year/year to $518.1 mln vs the $519 mln Capital IQ Consensus.
• Co issues in-line guidance for Q2, sees Q2 revs of $519-524 mln vs. $523.72 mln Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY16, sees FY16 revs of $2.08-2.16 bln vs. $2.12 bln Capital IQ Consensus Estimate.