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Rackspace Technology (RXT)
NASDAQ:RXT
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.08Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -16.67%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Positive
Rackspace's earnings call reflected a positive sentiment with strong performance across key metrics, successful strategic partnerships, and growth in important sectors like Public Cloud and regulated industries. However, challenges such as revenue declines in Private Cloud and macroeconomic uncertainties were noted.Company Guidance
In the first quarter of 2025, Rackspace Technology exceeded expectations across all key metrics, with revenue at the high-end of guidance and profit and EPS surpassing the guidance range. The company reported a 9% year-over-year growth in bookings, measured by annual contract value, notably achieving a 13% increase in The Americas. Non-GAAP operating profit saw an impressive 83% year-over-year growth, accompanied by significant growth in cash flow from operations and free cash flow. The company also highlighted its strategic partnership with Rubrik to launch Cyber Recovery Cloud, which is expected to drive revenue starting in 2025. Despite macroeconomic uncertainties, Rackspace remains poised to capitalize on secular trends with its strategic focus on Private Cloud and AI, evidenced by a 20% hypothetical growth in Private Cloud bookings if certain deals closed earlier, and a 16% year-over-year increase in Public Cloud bookings. Guidance for the second quarter projects GAAP revenue between $653 million and $665 million, with total non-GAAP operating profit expected to be between $25 million and $27 million, and a non-GAAP loss per share forecasted at $0.04 to $0.06.Exceeded Expectations Across All Key Metrics
Rackspace's first quarter 2025 results exceeded expectations for revenue, profit, and EPS, marking the 11th consecutive quarter of meeting or exceeding guidance.
Strategic Partnership with Rubrik
Rackspace announced a strategic partnership with Rubrik to launch the Cyber Recovery Cloud, expected to drive revenue starting in 2025.
Public Cloud Bookings Growth
Public Cloud bookings grew 16% year-over-year, driven by a 26% increase in The Americas.
Operational Turnaround and Efficiency Improvement
Non-GAAP operating profit grew 83% year-over-year, with significant growth in cash flow from operations and free cash flow.
Expansion in Regulated Industries
Rackspace secured wins in the healthcare and energy sectors, including a new deal with a healthcare provider and a European energy company.
RXT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RXT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $1.44 | $1.26 | -12.50% |
Feb 20, 2025 | $2.88 | $2.90 | +0.69% |
Nov 12, 2024 | $2.86 | $3.03 | +5.94% |
Aug 08, 2024 | $2.24 | $2.25 | +0.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rackspace Technology (RXT) report earnings?
Rackspace Technology (RXT) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Rackspace Technology (RXT) earnings time?
Rackspace Technology (RXT) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RXT EPS forecast?
RXT EPS forecast for the fiscal quarter 2025 (Q2) is -0.04.