Rackspace Technology Reports First Quarter 2022 Results; Company Evaluating Strategic Alternatives
Rackspace Technology, Inc. (RXT)
Company Research
Source: GlobeNewswire
Revenue of $776 million in the First Quarter, up 7% Year-over-YearCore Revenue Grew 9% to $735 millionQuarterly Cash Flow From Operating Activities of $65 million SAN ANTONIO, May 10, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its first quarter ended March 31, 2022. Kevin Jones, Chief Executive Officer, commented, “Rackspace Technology benefits from secular tailwinds in a cloud market that shows no signs of slowing. In the first quarter alone, our cloud hyperscaler partners added $10 billion of new cloud revenue. All of this new cloud revenue represents customers moving to the cloud, grappling with change, and needing help on their journey. And Rackspace Technology is extremely well-positioned to be their partner of choice as the only pure play cloud services company. Our first quarter financial results reflect this, as we delivered solid revenue growth and profita
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- Rackspace Technology Announces Final Results of the Exchange Offer Relating to its 3.50% First-Priority Senior Secured Notes due 2028GlobeNewswire
- Hedge Funds Find It's Hit First or Get Hurt in Distressed Fights [Yahoo! Finance]Yahoo! Finance
RXT
Earnings
- 3/12/24 - Beat
RXT
Sec Filings
- 4/2/24 - Form 8-K
- 4/1/24 - Form 4
- 3/29/24 - Form 8-K
- RXT's page on the SEC website