RXT Q1 2024 Earnings — Rackspace Technology, Inc. Revenue & Financial Results | Market Cap Arena

RXTRackspace Technology, Inc.

$480M

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$691M-8.9% YoY

Gross Profit

$133M19.2% margin

Operating Income

-$653M-94.5% margin

Net Income

-$641M-92.7% margin

EPS (Diluted)

$-2.91

QoQ Revenue Growth

-4.0%

Cash Flow

Operating Cash Flow

-$90M

Free Cash Flow

-$118M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$4.3B

Stockholders' Equity

-$787M

Cash & Equivalents

$283M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$691M	$759M	-8.9%
Gross Profit	$133M	$170M	-21.7%
Operating Income	-$653M	-$581M	-12.4%
Net Income	-$641M	-$612M	-4.7%