Rackspace Technology, Inc. ( (RXT) ) has released its Q3 earnings. Here is a breakdown of the information Rackspace Technology, Inc. presented to its investors.
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Rackspace Technology, Inc. is a prominent company providing comprehensive hybrid cloud and AI solutions, enabling clients to design, build, and operate cloud environments across various technology platforms.
In its third quarter of 2025, Rackspace Technology reported revenues of $671 million, marking a slight decline of 1% compared to the previous year. Despite the decrease in overall revenue, the company maintained strong cash flow and continued to build momentum in its business operations.
The company’s financial performance showed mixed results, with private cloud revenue declining by 3% to $250 million, while public cloud revenue saw a modest increase of 1% to $422 million. Notably, Rackspace reduced its operational losses significantly from $174 million in 2024 to $34 million in 2025. The net loss also decreased from $187 million to $67 million year-over-year.
Looking ahead, Rackspace Technology remains focused on enhancing its hybrid multicloud services, particularly through partnerships like VMware Cloud Foundation, to support customers with complex cloud environments. The company’s strategic emphasis on AI, data, and security services aims to deliver modern solutions that enhance reliability and shorten time to value for critical workloads.