Despite earnings and revenue beat, Rackspace's stock sinks on weak outlook
Despite earnings and revenue beat, Rackspace's stock sinks on weak outlook - SiliconANGLE
Source: siliconangle.com
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Rackspace Technology, Inc.: Rackspace Technology Reports Fourth Quarter and Full Year 2021 Results; Record Quarterly New Sales Bookings of $329 Million
Fourth Quarter Revenue of $777 million, up 9% Year-over-Year; 2021 Revenue of $3,010 million, up 11% Year-over-YearFourth Quarter Core Revenue of $734 million, up 11% Year-over-Year; 2021 Core Revenue
Source: finanznachrichten.de
Rackspace's stock plunges despite record revenue and a growing customer base
SHARE Cloud computing services company Rackspace Technology Inc. saw its stock fell sharply in after-hours trading despite posting strong first-quarter financial results that beat Wall Street’s expectations. The company reported record revenue as it grew its client base and existing customers spent more. For the first quarter, Rackspace reported a profit before certain costs such as stock compensation of 23 cents per share on revenue of $726 million, up 11% from a year ago. Wall Street had forecast earnings of 21 cents per share on slightly lower revenue of $724.08 million. However, the com...
Source: siliconangle.com