Rackspace Technology, Inc. ( (RXT) ) has released its Q2 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 specializing in end-to-end hybrid cloud and AI solutions, offering services to design, build, and operate cloud environments across various technology platforms. In its second quarter of 2025, Rackspace Technology reported a revenue of $666 million, marking a 3% decline compared to the previous year. Despite the revenue drop, the company exceeded its midpoint guidance for revenue and operating profit, and maintained its earnings per share within the guided range. Key financial highlights include a 16% growth in bookings and a 34% increase in operating profit year-over-year. The company’s private cloud revenue stood at $250 million, down 4%, while public cloud revenue was $417 million, down 2% from the previous year. Rackspace Technology also reported a net loss of $55 million, contrasting with a net income of $25 million in the same quarter last year. Looking ahead, Rackspace Technology remains optimistic about its strategic execution and aims to continue its turnaround efforts, with guidance for the third quarter of 2025 projecting revenue between $660 million and $674 million.