RXT Q1 2022 Earnings — Rackspace Technology, Inc. Revenue & Financial Results | Market Cap Arena

RXTRackspace Technology, Inc.

$480M

Q1 2022 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$776M+6.8% YoY

Gross Profit

$226M29.1% margin

Operating Income

$21M2.7% margin

Net Income

-$39M-5.0% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$45M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$6.3B

Total Liabilities

$5.0B

Stockholders' Equity

$1.3B

Cash & Equivalents

$269M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$776M	$726M	+6.8%
Gross Profit	$226M	$235M	-4.0%
Operating Income	$21M	$24M	-13.6%
Net Income	-$39M	-$64M	+39.8%

Revenue Segments

Multi-Cloud Services Segment

$640M83%

Apps & Cross Platform Segment

$95M12%

OpenStack Public Cloud Segment

$41M5%