Rackspace: Q4 Earnings Snapshot
By AP News
Published - Mar 12, 2024, 05:00 PM ET
Last Updated - Mar 12, 2024, 05:00 PM EDT
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.
