Q3 rev +3% to $788M but GAAP net loss $(512)M on $405M goodwill impairment; guides Q4 below Q3

Rackspace Technology, Inc.

2022-Q3 EPS reported -$2.80 revenue$2,335,300,000

GAAP net loss $(512)M vs $(35M) YoY; diluted EPS $(2.43).
Non-GAAP operating profit $80M (-36% YoY); Non-GAAP EPS $0.10 (-60%).
Goodwill impairment $405M and asset impairment $59M in Q3.
Core revenue grew 5% to $751M; overall revenue up 3% to $788M.
Q4 guidance: revenue $772-782M, Non-GAAP EPS $0.04-0.06.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rackspace Technology, Inc. reported third quarter ended September 30, 2022 results: revenue $788 million, net income $(512) million, EPS $(2.43). Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $788 million
Net income: $(512) million
EPS: $(2.43)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Rackspace Technology Reports Third Quarter 2022 Results • Revenue of $788 million

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Rackspace Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001810019-22-000163

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