Rackspace: Q1 Earnings Snapshot
By Ap News
Published - May 15, 2024, 06:42 PM ET
Last Updated - May 15, 2024, 06:42 PM EDT
SAN ANTONIO (AP) — SAN ANTONIO (AP) — Rackspace Technology, Inc. (RXT) on Wednesday reported a loss of $640.6 million in its first quarter.
The San Antonio-based company said it had a loss of $2.91 per share. Losses, adjusted for non-recurring costs, were 11 cents per share.
The company posted revenue of $690.8 million in the period.
For the current quarter ending in June, Rackspace expects its results to range from a loss of 11 cents per share to a loss of 9 cents per share.
