Rackspace Technology Reports First Quarter 2024 Results
Rackspace Technology, Inc. (RXT)
Company Research
Source: GlobeNewswire
Revenue of $691 million in the First Quarter, down 9% Year-over-YearPrivate Cloud Revenue was $268 million, down 15% Year-over-YearPublic Cloud Revenue was $422 million, down 5% Year-over-YearFirst Quarter 2024 Cash Flow Used in Operating Activities was $(90) million which includes certain one-time fees related to the debt refinancing; Cash Flow From Operating Activities was $287 million on a Trailing-Twelve-Month Basis SAN ANTONIO, May 09, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its first quarter ended March 31, 2024. Amar Maletira, Chief Executive Officer, stated, “I’m pleased to announce that first quarter 2024 results exceeded the high-end of guidance for revenue, operating profit, and EPS. We continue to make steady progress on our turnaround, and I’m encouraged by the continued success from implementing our healthcare vertical strategy in Private Cloud a
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News
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- Rackspace Technology Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
RXT
Earnings
- 5/9/24 - Beat
RXT
Sec Filings
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- RXT's page on the SEC website