Latest News by Industry
SAN ANTONIO (AP) — SAN ANTONIO (AP) — Rackspace Technology, Inc. (RXT) on Tuesday reported net income of $28 million in its fourth quarter.
The San Antonio-based company said it had net income of 13 cents per share. Losses, adjusted for non-recurring gains, were 3 cents per share.
The company posted revenue of $719.7 million in the period.
For the year, the company reported a loss of $837.8 million, or $3.89 per share. Revenue was reported as $2.96 billion.
For the current quarter ending in March, Rackspace expects its results to range from a loss of 14 cents per share to a loss of 12 cents per share.
The company said it expects revenue in the range of $680 million to $690 million for the fiscal first quarter.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RXT at https://www.zacks.com/ap/RXT