Rackspace Q2 revenue $685M (-8% YoY); GAAP EPS $0.11, Non-GAAP loss $(0.08)

Rackspace Technology, Inc.

2024-Q2 EPS reported -$2.77 revenue$1,375,700,000

Revenue $685M, down 8% YoY; Private Cloud $260M (-17%), Public Cloud $425M (-2%).
GAAP net income $25M ($0.11 diluted EPS) vs net loss $(27M) ($(0.13) loss/share) a year ago.
Non-GAAP operating profit $23M, down 42% from $39M; Non-GAAP loss per share $(0.08) vs $(0.06).
Cash from operations $24M in Q2, $273M TTM; capex $33M; cash $190M, no revolver drawn.
Q3 guidance: revenue $668-680M; Non-GAAP Op profit $29-31M; Non-GAAP loss/share $(0.06)-(0.08).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.