Rackspace Earnings Reports

Rackspace Technology reported a revenue of $666 million in Q2 2025, a 3% decrease year-over-year. The company experienced a net loss of $55 million and a diluted EPS of $(0.23). Despite the revenue decline, Non-GAAP Operating Profit increased by 34% to $27 million, and bookings grew by 16%, indicating strong go-to-market execution and progress in their turnaround strategy.

Rackspace Technology reported a revenue of $665.4 million for the first quarter of 2025, a decrease of 3.7% year-over-year. The company achieved a net loss of $(71.5) million and an EPS of $(0.31). Non-GAAP operating profit increased by 83% year-over-year to $25.6 million, indicating strong operational momentum.

Rackspace Technology reported a fourth-quarter revenue of $686 million, a 5% decrease year-over-year, and a net loss of $60 million. The company exceeded guidance for fourth-quarter revenue, operating profit, and EPS, driven by strong sales execution across both business units, resulting in record-breaking quarterly sales bookings.

Rackspace Technology reported a revenue of $676 million for Q3 2024, an 8% decrease compared to Q3 2023. The company's Q3 results exceeded the midpoint of its guidance for revenue, operating profit, and EPS.

Rackspace Technology reported Q2 2024 revenue of $685 million, an 8% decrease year-over-year. Net income was $25 million, compared to a net loss of $(27) million in the same quarter last year. The company is focused on stabilizing and growing revenue and profit while continuing to drive cost efficiencies.

Rackspace Technology reported a 9% year-over-year decrease in revenue, totaling $691 million for Q1 2024. The company's Private Cloud revenue was $268 million, a 15% decrease year-over-year, while Public Cloud revenue was $422 million, a 5% decrease year-over-year. The company's Non-GAAP Loss Per Share was $(0.11) in the first quarter of 2024, a decrease of 450% as compared to Non-GAAP Loss Per Share of $(0.02) in the first quarter of 2023.

Rackspace Technology reported a Q4 2023 revenue of $720 million, a 9% decrease year-over-year. The company's performance exceeded revenue, operating profit, and EPS guidance. Rackspace successfully refinanced its debt, reducing net financial debt by over $900 million and securing $575 million in new capital.

Rackspace Technology reported a revenue of $732 million for Q3 2023, a 7% decrease compared to Q3 2022. The company's net loss was $(227) million, and non-GAAP loss per share was $(0.04). Despite the revenue decline, the company is launching new offerings and seeing traction in its industry vertical strategy.

Rackspace Technology reported a 3% year-over-year decrease in revenue to $746 million for Q2 2023. Public Cloud revenue increased by 3% to $435 million, while Private Cloud revenue decreased by 11% to $311 million. The company experienced a loss from operations of $(64) million and a net loss of $(27) million. Non-GAAP operating profit was $39 million, and non-GAAP loss per share was $(0.06).

Rackspace Technology reported Q1 2023 revenue of $759 million, a 2% decrease year-over-year, but above the midpoint of guidance. The company completed its business unit realignment and is seeing benefits in focus and cost efficiencies. 2023 is expected to be a transformation year, with Q2 2023 being the trough in profitability.

Rackspace Technology's Q4 2022 revenue reached $787 million, a 1% increase year-over-year, driven by new customer acquisitions and growing customer spend in Multicloud Services and Apps & Cross Platform segments. The company reported a net loss of $(214) million, and a Non-GAAP Earnings Per Share of $0.06.

Rackspace Technology reported Q3 2022 results with revenue of $788 million, a 3% increase year-over-year. The company is realigning to a two business unit model and remains on track to begin operating and reporting in this new structure beginning January 2023.

Rackspace Technology reported Q2 2022 results with revenue of $772 million, a 4% increase year-over-year. Core revenue grew 5% to $733 million. The company reported a net loss of $(41) million, or $(0.19) per diluted share, and non-GAAP EPS of $0.17.

Rackspace Technology reported a 7% year-over-year increase in revenue, reaching $776 million. Core revenue grew by 9% to $735 million. The company is evaluating strategic alternatives to enhance shareholder value.

Rackspace Technology reported a strong fourth quarter with revenue of $777 million, up 9% year-over-year, and record bookings of $329 million, an increase of 12% year-over-year. The company's Non-GAAP Earnings Per Share was $0.25, down 4% year-over-year. They met or exceeded all of their financial targets while driving strong cash flow from operations.

Rackspace Technology reported a record revenue of $763 million for Q3 2021, a 12% increase year-over-year. Core revenue grew by 15% to $718 million. The company experienced a net loss of $(35) million, but non-GAAP EPS increased by 32% year-over-year to $0.25.

Rackspace Technology reported a record revenue of $744 million, up 13% year-over-year. Core revenue grew 17% to $698 million. Non-GAAP Earnings Per Share grew 14% year-over-year to $0.24. The company's working capital and cash management transformation programs have driven excellent results with more than $100 million of operating cash flow for the second consecutive quarter.

Rackspace Technology reported a strong start to the year with record revenue of $726 million, up 11% year-over-year. Core revenue grew 15% to $677 million. The company's profitability improved, with Non-GAAP Earnings Per Share growing 44% year-over-year to $0.23. Quarterly cash flow from operating activities also saw a significant increase, reaching $103 million.

Rackspace Technology reported a 14% year-over-year increase in fourth-quarter revenue, reaching $716 million, and a 27% increase in bookings. The company's non-GAAP EPS also increased by 24% year-over-year.

Rackspace Technology reported a revenue of $682 million, a 13% increase year-over-year. The company's adjusted EPS was $0.19, a 36% increase year-over-year. However, the company experienced a net loss of $101 million, or $(0.54) per diluted share.

Rackspace Technology reported a 9% increase in revenue year-over-year, reaching $657 million for the second quarter of 2020. The company also achieved record quarterly bookings of $288 million, a 107% increase year-over-year. However, they reported a net loss of $33 million, or ($0.20) per diluted share.