secwatch.observer — SEC 8-K summary
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Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001810019-23-000159
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000181001923000159/0001810019-23-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000181001923000159/rxt-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001810019-23-000159

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