Rackspace Technology (RXT) Tops Q4 EPS by 1c, Guidance Misses

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Go back to Rackspace Technology (RXT) Tops Q4 EPS by 1c, Guidance Misses

Rackspace Technology Reports Fourth Quarter and Full Year 2023 Results

March 12, 2024 4:15 PM EDT

Fourth Quarter Revenue of $720 million, down 9% Year-over-Year; 2023 Revenue of $2,957 million, down 5% Year-over-Year
Fourth Quarter Private Cloud Revenue of $285 million, down 14% Year-over-Year; 2023 Private Cloud Revenue of $1,210 million, down 12% Year-over-YearFourth Quarter Public Cloud Revenue of $435 million, down 5% Year-over-Year; 2023 Public Cloud Revenue of $1,747 million up 0.4% Year-over-YearFourth Quarter Cash Flow From Operating Activities of $72 million; 2023 Cash Flow From Operating Activities of $375 millionSince start of 2023, Estimated Net Financial Debt Reduction of over $900 million through Debt Repurchases and Refinancings, Lowering Net Annual Interest... More