RXT Q2 2022 Earnings — Rackspace Technology, Inc. Revenue & Financial Results | Market Cap Arena

RXTRackspace Technology, Inc.

$480M

Q2 2022 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$772M+3.8% YoY

Gross Profit

$224M29.0% margin

Operating Income

$4M0.5% margin

Net Income

-$41M-5.3% margin

EPS (Diluted)

$-0.19

QoQ Revenue Growth

-0.4%

Cash Flow

Operating Cash Flow

$84M

Free Cash Flow

$57M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$4.9B

Stockholders' Equity

$1.3B

Cash & Equivalents

$261M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$772M	$744M	+3.8%
Gross Profit	$224M	$236M	-4.9%
Operating Income	$4M	$3M	+37.9%
Net Income	-$41M	-$37M	-10.9%

Revenue Segments

Multi-Cloud Services Segment

$633M82%

Apps & Cross Platform Segment

$100M13%

OpenStack Public Cloud Segment

$39M5%