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Sep 30, 2022
Rackspace Q3 2022 Earnings Report
Reported revenue and profit above guidance with solid cash flow.
Key Takeaways
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.
Revenue of $788 million in the Third Quarter, up 3% Year-over-Year.
Core Revenue Grew 5% to $751 million.
Quarterly Cash Flow From Operating Activities of $71 million.
Delivered third quarter revenue and profit above guidance and reported solid cash flow.
Rackspace
Rackspace
Forward Guidance
Rackspace Technology is providing guidance for Q4 2022.