RXT Q2 2024 Earnings — Rackspace Technology, Inc. Revenue & Financial Results | Market Cap Arena

RXTRackspace Technology, Inc.

$480M

Q2 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$685M-8.2% YoY

Gross Profit

$131M19.2% margin

Operating Income

-$54M-7.9% margin

Net Income

$25M3.7% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

-$15M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$4.1B

Stockholders' Equity

-$756M

Cash & Equivalents

$190M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$685M	$746M	-8.2%
Gross Profit	$131M	$153M	-14.2%
Operating Income	-$54M	-$64M	+15.7%
Net Income	$25M	-$27M	+191.9%