Inscrivez-vous maintenant pour un meilleur devis personnalisé!

Rackspace posts solid Q3, signs large deal in Q4

15 nov. 2021 Hi-network.com

Rackspace on Monday published its third quarter financial results, slightly beating market estimates. While Q3 bookings were down year-over-year, the cloud solutions company said it landed a large, competitive deal early in the fourth quarter. 

Finance

  • Inflation is about to change grocery shopping for good
  • The 5 best high-yield savings accounts: Not your standard savings
  • How AI is making Gen Z the most financially sophisticated generation
  • The 5 best credit cards you can (and should) keep forever
  • Want a job in finance? Here are your options

Rackspace's non-GAAP earnings per share in Q3 came to 25 cents on revenue of$763 million, up 12% year-over-year. Revenue growth was once again strong thanks to new customer acquisitions and growing customer spending in the company's Multicloud Services and Apps & Cross Platform segments.

Analysts were expecting earnings of 24 cents per share on revenue of$756 million.

"The Cloud market continues to grow and momentum continues to accelerate," CEO Kevin Jones said in a statement. "Companies of all sizes need help with their move to the cloud. And as a leading pure-play cloud services company, Rackspace Technology is poised to be their partner of choice for all things cloud -wherever they are in their journey."

Revenue from Rackspace's Core Segments, comprised of Multicloud Services and Apps & Cross Platform, grew 15% year-over-year in Q3 to$718 million.

Bookings in Q3 were$200 million, a decrease of 36%year-over-year. However, Rackspace said it expects to achieve its$1 billion bookings target for fiscal 2021, given the large deal that was awarded to the company early in Q4. That deal is expected to be signed before year end.

For the fourth quarter, Rackspace expects revenue in the range of$766 million to$776 million.

Analysts are expecting revenue of$771.44 million.

Tech Earnings

SMART Global fiscal Q2 results, outlook top expectationsAdobe shares sag as outlook misses expectationsMicron stock jumps as fiscal Q2 results, outlook top expectationsOracle shares rebound, fiscal Q4 view tops expectationsPagerDuty stock surges as fiscal Q4 revenue, forecast top expectationsDocuSign shares plunge, Q1 and year views miss expectationsCrowdstrike reports Q4 revenue of$431 million and$1.45 billion for full yearBroadcom shares jump as fiscal Q1 results, outlook top expectations
  • SMART Global fiscal Q2 results, outlook top expectations
  • Adobe shares sag as outlook misses expectations
  • Micron stock jumps as fiscal Q2 results, outlook top expectations
  • Oracle shares rebound, fiscal Q4 view tops expectations
  • PagerDuty stock surges as fiscal Q4 revenue, forecast top expectations
  • DocuSign shares plunge, Q1 and year views miss expectations
  • Crowdstrike reports Q4 revenue of$431 million and$1.45 billion for full year
  • Broadcom shares jump as fiscal Q1 results, outlook top expectations

tag-icon Tags chauds: Innovation et Innovation nuage

Copyright © 2014-2024 Hi-Network.com | HAILIAN TECHNOLOGY CO., LIMITED | All Rights Reserved.