Rackspace Technology (RXT) Tops Q1 EPS by 2c
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Rackspace Technology Reports First Quarter 2021 Results
May 10, 2021 4:00 PM EDTRecord Revenue of $726 million in the First Quarter, up 11% Year-over-YearCore Revenue Grew 15% to $677 millionNet loss of $(64) million, or $(0.31) per diluted shareFirst quarter revenue, Non-GAAP Operating Profit and Non-GAAP EPS exceeded guidance set in February 2021Non-GAAP Earnings Per Share Grew 44% Year-over-Year to $0.23Quarterly Cash Flow From Operating Activities Improved Dramatically to $103 million, a Four-Fold Year-over-Year Increase
SAN ANTONIO, May 10, 2021 (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, 2021.
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