Rackspace Technology Inc. (RXT) PT Raised to $1.80 at UBS

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Go back to Rackspace Technology Inc. (RXT) PT Raised to $1.80 at UBS

Rackspace Technology Reports First Quarter 2024 Results

May 9, 2024 4:15 PM EDT

Revenue of $691 million in the First Quarter, down 9% Year-over-YearPrivate Cloud Revenue was $268 million, down 15% Year-over-YearPublic Cloud Revenue was $422 million, down 5% Year-over-YearFirst Quarter 2024 Cash Flow Used in Operating Activities was $(90) million which includes certain one-time fees related to the debt refinancing; Cash Flow From Operating Activities was $287 million on a Trailing-Twelve-Month Basis

SAN ANTONIO, May 09, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid, multicloud, and AI... More