Rackspace Technology (RXT) Tops Q2 EPS by 2c, Q3 Guidance Misses

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Go back to Rackspace Technology (RXT) Tops Q2 EPS by 2c, Q3 Guidance Misses

Rackspace Technology Reports Second Quarter 2021 Results

August 11, 2021 4:00 PM EDT

Record Revenue of $744 million in the Second Quarter, up 13% Year-over-Year
Core Revenue Grew 17% to $698 millionNet loss of $(37) million, or $(0.18) per diluted shareNon-GAAP Earnings Per Share Grew 14% Year-over-Year to $0.24Quarterly Cash Flow From Operating Activities of $106 million

SAN ANTONIO, Aug. 11, 2021 (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, 2021.

Kevin Jones, Chief Executive Officer, commented, Our second quarter financial results were solid, with double-digit revenue growth and strong operating profit margins. In... More