secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001810019-22-000163
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000181001922000163/0001810019-22-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000181001922000163/rxt-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001810019-22-000163

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer