secwatch.observer — SEC 8-K summary
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Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001810019-24-000127
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000181001924000127/0001810019-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000181001924000127/rxt-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001810019-24-000127

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