Rackspace Q2 revenue $670M (+0.6% YoY), net loss widens to $68M

Rackspace Technology, Inc.

Revenue $670M, +0.6% reported (+0.4% cc) vs $666M prior year; Private Cloud $263M (+5.5%), Public Cloud $407M (-2.3%).
Net loss -$68M (-$0.27 diluted EPS) vs -$55M (-$0.23); Non-GAAP EPS -$0.08 vs -$0.06, 33% worse YoY.
Operating loss -$33M vs -$25M; Non-GAAP Operating Profit flat at $27M.
Q2 cash flow used in ops -$32M; TTM cash flow from ops $104M; cash $111M, total liquidity $202M.
Launched Managed Compute and Inference Platform with AMD and Palantir; CEO cites regulated-industry AI demand.

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