Rackspace Technology (RXT) Tops Q1 EPS by 1c, Guides Below Views; Evaluating Strategic Alternatives
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Rackspace Technology Reports First Quarter 2022 Results; Company Evaluating Strategic Alternatives
May 10, 2022 4:10 PM EDTRevenue of $776 million in the First Quarter, up 7% Year-over-YearCore Revenue Grew 9% to $735 millionQuarterly Cash Flow From Operating Activities of $65 million
SAN ANTONIO, May 10, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its first quarter ended March 31, 2022.
Kevin Jones, Chief Executive Officer, commented, Rackspace Technology benefits from secular tailwinds in a cloud market that shows no signs of slowing. In the first quarter alone, our cloud hyperscaler partners added $10 billion of new cloud... More
