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Rackspace Technology, Inc. (RXT)
:RXT
US Market
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Rackspace Technology (RXT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 19, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
-0.04
Last Year’s EPS
-0.03
Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 10, 2020
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% Change Since: -16.43%
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Next Earnings Date:Aug 31, 2020
Earnings Call Sentiment|Positive
Rackspace demonstrated strong execution with consistent meeting or exceeding guidance targets. Significant growth was highlighted in strategic sectors like healthcare and sovereign markets. However, there were challenges in the form of sequential revenue declines in both Private and Public Cloud segments. The company's strategic pivots and innovative solutions indicate a positive outlook despite these challenges.
Company Guidance
During the Rackspace Technology Q3 2024 earnings call, the company reported that it exceeded the midpoint of its guidance for revenue, profit, and EPS, marking the ninth consecutive quarter of meeting or surpassing guidance. Key metrics included a private cloud GAAP revenue of $258 million and a public cloud GAAP revenue of $418 million, with total company GAAP revenue reaching $676 million. The non-GAAP gross profit margin was reported at 21.2%, while the non-GAAP operating margin stood at 5.1%. Rackspace's private cloud segment experienced a 41% year-over-year increase in its pipeline, with healthcare vertical revenue projected to grow by nearly 30% year-over-year. The company also highlighted a significant healthcare deployment, migrating 38,000 users across 54 hospitals. Looking forward, Rackspace anticipates Q4 GAAP revenue between $668 million and $680 million, with a projected non-GAAP operating profit of $34 million to $36 million.
Exceeded Guidance for Ninth Consecutive Quarter
Rackspace surpassed the midpoint of guidance for revenue, profit, and EPS, marking the ninth consecutive quarter of meeting or exceeding guidance.
Private Cloud Revenue Growth in Healthcare Sector
Significant growth in the healthcare sector with private cloud revenue projected to increase by nearly 30% year-over-year.
Record Public Cloud Bookings
Public Cloud achieved the highest level of bookings since early 2023, with high double-digit sequential and year-over-year growth.
Innovative Product Launches
Launched 15 new products and enhanced 19 others, including on-demand GPU as a Service powered by NVIDIA's H100 Tensor Core GPUs.
Strong Liquidity Position
Ended the quarter with $157 million in cash and $532 million of total liquidity, including $375 million of undrawn commitments.
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Rackspace Technology (RXT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

RXT Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 31, 20202020 (Q2)
- / 0.21
0.306-31.37% (-0.10)
Nov 10, 20202020 (Q3)
- / 0.19
-0.296164.19% (+0.49)
Feb 18, 20212020 (Q4)
- / 0.26
-0.229213.54% (+0.49)
May 10, 20212021 (Q1)
0.21 / 0.23
0.1643.75% (+0.07)
Aug 11, 20212021 (Q2)
0.18 / 0.24
0.2114.29% (+0.03)
Nov 15, 20212021 (Q3)
0.24 / 0.25
0.1931.58% (+0.06)
Feb 22, 20222021 (Q4)
0.24 / 0.25
0.26-3.85% (-0.01)
May 10, 20222022 (Q1)
0.21 / 0.22
0.23-4.35% (-0.01)
Aug 09, 20222022 (Q2)
0.16 / 0.17
0.24-29.17% (-0.07)
Nov 09, 20222022 (Q3)
0.09 / 0.10
0.25-60.00% (-0.15)
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
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RXT Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 12, 2024$2.86$3.03+5.94%
Aug 08, 2024$2.24$2.25+0.45%
May 09, 2024$1.96$1.97+0.51%
Mar 12, 2024$2.21$1.78-19.46%
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.
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FAQ

When does Rackspace Technology, Inc. (RXT) report earnings?
Rackspace Technology, Inc. (RXT) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
    What is Rackspace Technology, Inc. (RXT) earnings time?
    Rackspace Technology, Inc. (RXT) earnings time is at Feb 19, 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 2024 (Q4) is -0.04.
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