Strong Sales Momentum
Bookings, as measured by annual contract value, grew 5% year over year, driven primarily by private cloud, which secured several key wins.
Exceeding Revenue Expectations
Total company GAAP revenue of $671 million was up 1% sequentially, surpassing the midpoint of guidance.
Innovative Product Launches
Introduced eight new releases in private cloud, including the electronic health record Cloud Enterprise and AI LaunchPack, showcasing innovation in cloud, AI, and security.
Successful Major Client Engagements
Signed significant deals with a leading global telecommunications provider and a sovereign government customer, enhancing Rackspace Technology's market reputation.
Public Cloud Revenue Growth
Public cloud revenues totaled $422 million, exceeding guided range, with a 1% increase year over year and sequentially.