Rackspace Technology Inc (RXT) Q3 2024 Earnings Call Highlights: Strong Performance Amidst ... [Yahoo! Finance]
Rackspace Technology, Inc. (RXT)
Company Research
Source: Yahoo! Finance
Public Cloud GAAP Revenue: $418 million, down 2% sequentially, above guidance midpoint. Non-GAAP Gross Profit Margin: 21.2% of GAAP revenue, up 90 basis points sequentially. Non-GAAP Operating Profit: $34 million, exceeding high end of guidance. Non-GAAP Operating Margin: 5.1% of GAAP revenue, up 180 basis points sequentially. Non-GAAP Loss Per Share: $0.04, better than guided range of $0.06 to $0.08 loss per share. Cash Flow from Operations: $52 million. Free Cash Flow: $27 million. Cash and Total Liquidity: $157 million in cash and $532 million total liquidity. Private Cloud Non-GAAP Gross Margin: 38.6%, up 120 basis points sequentially. Private Cloud Non-GAAP Operating Margin: 28.9%, up 210 basis points sequentially. Public Cloud Non-GAAP Gross Margin: 10.4%, up 50 basis points sequentially. Public Cloud Non-GAAP Operating Margin: 3.9%, up 110 basis points sequentially. Q4 GAAP Revenue Guidance: $668 million to $680 million. Q4 Non-GAAP Operating Profit G
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RXT
News
- Rackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud Deployments [Yahoo! Finance]Yahoo! Finance
- Rackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud DeploymentsGlobeNewswire
- Rackspace Technology, Inc. (NASDAQ: RXT) had its price target raised by analysts at Barclays PLC from $1.00 to $2.00. They now have an "underweight" rating on the stock.MarketBeat
- Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine States [Yahoo! Finance]Yahoo! Finance
- Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine StatesGlobeNewswire
RXT
Earnings
- 11/12/24 - Beat
RXT
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- RXT's page on the SEC website