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Jun 30, 2021
Rackspace Q2 2021 Earnings Report
Rackspace Technology reported solid second quarter 2021 results with double-digit revenue growth and strong operating profit margins.
Key Takeaways
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.
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
Quarterly Cash Flow From Operating Activities of $106 million
Rackspace
Rackspace
Forward Guidance
Rackspace Technology is providing Q3 2021 guidance with revenue between $750 - $760 million, core revenue between $705 - $715 million, Non-GAAP Operating Profit between $118 - $122 million, and Non-GAAP Earnings Per Share between $0.23 - $0.25.