Rackspace Technology (RXT) Reports Q2 Loss of $0.20/sh, Offers Guidance

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Go back to Rackspace Technology (RXT) Reports Q2 Loss of $0.20/sh, Offers Guidance

Rackspace Technology Reports Second Quarter 2020 Results

August 31, 2020 4:16 PM EDT

Second Quarter Revenue of $657 million, up 9% Year-over-YearRecord Quarterly Bookings of $288 million, an increase of 107% Year-over-YearNet loss of $33 million, or ($0.20) per diluted shareAdjusted EBITDA was $188 million and Adjusted EBITDA margin was 29%

SAN ANTONIO, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its second quarter ended June 30, 2020.

Rackspace Technology Chief Executive Officer Kevin Jones commented, We are proud and very excited to report our second quarter results following our IPO earlier this month. The... More