Rackspace Q3 revenue down 7% YoY to $732M; net loss $(1.05)/share; guides Q4 down

Rackspace Technology, Inc.

2023-Q3 EPS reported -$4.03 revenue$2,237,400,000

Revenue $732M (-7% YoY); Private Cloud $300M (-13%), Public Cloud $433M (-3%).
Net loss $(227)M vs $(512)M YoY; diluted EPS $(1.05); Non-GAAP loss per share $(0.04).
Non-GAAP operating profit $46M, down 43% YoY; cash from operations $267M in Q3.
Recorded $214M non-cash impairment charges driven by sustained market cap decline.
Q4 guidance: revenue $710-720M, Non-GAAP operating profit $46-48M, EPS loss $(0.05)-(0.03).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rackspace Technology, Inc. reported third quarter ended September 30, 2023 results: revenue $732 million, net income $(227) million, EPS $(1.05).

Period: third quarter ended September 30, 2023
Revenue: $732 million
Net income: $(227) million
EPS: $(1.05)
Result: reported results

Exact text from the filing

filings, unless expressly incorporated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Rackspace Technology Reports Third Quarter 2023 Results • Revenue of $732 million in the Third Quarter, down 7% Year-over-Year • Private Cloud Revenue was $300 million, down 13% Year-over-Year • Public Cloud Revenue was $433 million, down 3% Year-over-Year •

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Source: SEC EDGAR

accession 0001810019-23-000159

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