secwatch.observer — SEC 8-K summary
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Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001810019-24-000158
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rackspace Tech Q3 revenue $676M (-8% YoY); net loss $(0.82)/share
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- Revenue $676M, down 8% YoY; Private Cloud -14% to $258M, Public Cloud -3% to $418M.
- Net loss $(187)M vs $(227)M a year ago; Non-GAAP op profit $34M, down 25% YoY.
- Q4 guidance: revenue $668-$680M; Non-GAAP op profit $34-$36M; EPS loss $(0.03)-(0.05).
- Public Cloud posted record bookings quarter; overall bookings grew double digits.
- Cash from ops $52M; cash $157M; undrawn revolver $375M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000181001924000158/0001810019-24-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000181001924000158/rxt-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001810019-24-000158

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