Rackspace Technology (RXT) Tops Q2 EPS by 1c; Guides Lower

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Go back to Rackspace Technology (RXT) Tops Q2 EPS by 1c; Guides Lower

Rackspace Technology Reports Second Quarter 2022 Results

August 9, 2022 4:10 PM EDT

Revenue of $772 million in the Second Quarter, up 4% Year-over-YearCore Revenue Grew 5% to $733 millionQuarterly Cash Flow From Operating Activities of $84 million

SAN ANTONIO, Aug. 09, 2022 (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, 2022.

Kevin Jones, chief executive officer, stated, The second quarter financial results demonstrated solid growth and profitability for our business, as well as robust cash flow. We continue to benefit from secular tailwinds in the cloud market,... More