Rackspace Technology Past Earnings Performance
Past criteria checks 0/6
Rackspace Technology's earnings have been declining at an average annual rate of -43.8%, while the IT industry saw earnings growing at 14.2% annually. Revenues have been growing at an average rate of 5.6% per year.
Key information
-43.8%
Earnings growth rate
-37.9%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 5.6% |
| Return on equity | n/a |
| Net Margin | -28.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Improved Revenues Required Before Rackspace Technology, Inc. (NASDAQ:RXT) Stock's 28% Jump Looks Justified
Mar 09
A Look At The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)
Jan 23Rackspace Technology, Inc. (NASDAQ:RXT) Held Back By Insufficient Growth Even After Shares Climb 33%
Dec 22These Return Metrics Don't Make Rackspace Technology (NASDAQ:RXT) Look Too Strong
Jul 05Returns At Rackspace Technology (NASDAQ:RXT) Appear To Be Weighed Down
Feb 28Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital
Oct 19Rackspace's Cloud Transformation Is Promising But The Risks Are High
Oct 07Rackspace Technology names finance chief as CEO
Sep 26Rackspace Technology Non-GAAP EPS of $0.17 beats by $0.01, revenue of $772M misses by $12.72M
Aug 09Rackspace Technology (NASDAQ:RXT) Might Have The Makings Of A Multi-Bagger
Jul 07Rackspace Technology: Deep In Busted IPO Territory
Jun 03Estimating The Fair Value Of Rackspace Technology, Inc. (NASDAQ:RXT)
Apr 03Rackspace Technology (NASDAQ:RXT) Is Looking To Continue Growing Its Returns On Capital
Mar 16Revenue & Expenses BreakdownBeta
How Rackspace Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 2,957 | -838 | 660 | 44 |
| 30 Sep 23 | 3,024 | -1,080 | 710 | 25 |
| 30 Jun 23 | 3,080 | -1,365 | 734 | 25 |
| 31 Mar 23 | 3,106 | -1,378 | 734 | 25 |
| 31 Dec 22 | 3,122 | -805 | 729 | 25 |
| 30 Sep 22 | 3,113 | -674 | 729 | 28 |
| 30 Jun 22 | 3,088 | -197 | 722 | 28 |
| 31 Mar 22 | 3,059 | -193 | 726 | 28 |
| 31 Dec 21 | 3,010 | -218 | 732 | 28 |
| 30 Sep 21 | 2,948 | -199 | 744 | 37 |
| 30 Jun 21 | 2,868 | -266 | 779 | 37 |
| 31 Mar 21 | 2,780 | -262 | 771 | 37 |
| 31 Dec 20 | 2,707 | -246 | 793 | 37 |
| 30 Sep 20 | 2,618 | -229 | 831 | 12 |
| 30 Jun 20 | 2,538 | -188 | 802 | 24 |
| 31 Mar 20 | 2,484 | -93 | 799 | 38 |
| 31 Dec 19 | 2,438 | -102 | 799 | 56 |
| 31 Dec 18 | 2,453 | -471 | 808 | 75 |
| 31 Dec 17 | 2,145 | -60 | 823 | 93 |
Quality Earnings: RXT is currently unprofitable.
Growing Profit Margin: RXT is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RXT is unprofitable, and losses have increased over the past 5 years at a rate of 43.8% per year.
Accelerating Growth: Unable to compare RXT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RXT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (1.3%).
Return on Equity
High ROE: RXT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.