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Rackspace Technology (RXT)

Rackspace Technology is a leading end-to-end multicloud technology services company. The company can design, build and operate its customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. Rackspace partners with its customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

Company profile

Ticker
RXT
Exchange
CEO
Kevin Jones
Employees
Incorporated
Location
Fiscal year end
Former names
Rackspace Corp.
SEC CIK
Subsidiaries
Adapt Services Limited • Bright Skies GmbH • Centric Telecom Limited • Datapipe Asia Limited • Datapipe Europe Limited • Datapipe Israel Limited • Datapipe Singapore Pte Ltd • Datapipe, Inc. • Drake Merger Sub II, LLC • Elinia Webservices Limited ...
IRS number
813369925

RXT stock data

Calendar

10 May 22
17 May 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 271.6M 271.6M 271.6M 271.6M 271.6M 271.6M
Cash burn (monthly) 1.27M (no burn) 10.97M 17.59M (no burn) (no burn)
Cash used (since last report) 1.97M n/a 17.05M 27.36M n/a n/a
Cash remaining 269.63M n/a 254.55M 244.24M n/a n/a
Runway (months of cash) 212.9 n/a 23.2 13.9 n/a n/a

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Apr 22 Kevin M. Jones Common Stock, par value $0.01 per share Payment of exercise Dispose F No No 10.0198 56,093 562.04K 2,222,483
20 Apr 22 Subroto Mukerji Common Stock, par value $0.01 Payment of exercise Dispose F No No 10.52 8,648 90.98K 454,024
31 Mar 22 Mitchell Alan Garber Common Stock, par value $0.01 Grant Acquire A No No 0 2,778 0 18,497
22 Mar 22 Srini Koushik Common Stock, par value $0.01 Grant Acquire A No No 0 65,828 0 199,914
22 Mar 22 Gregory S. Hrncir Common Stock, par value $0.01 per share Grant Acquire A No No 0 47,020 0 89,488
13F holders Current Prev Q Change
Total holders 134 132 +1.5%
Opened positions 29 21 +38.1%
Closed positions 27 35 -22.9%
Increased positions 52 44 +18.2%
Reduced positions 36 42 -14.3%
13F shares Current Prev Q Change
Total value 5.6B 5.76B -2.6%
Total shares 353.05M 349.05M +1.1%
Total puts 473.5K 1.02M -53.6%
Total calls 355.5K 522.1K -31.9%
Total put/call ratio 1.3 2.0 -31.8%
Largest owners Shares Value Change
Apollo Management Holdings GP 129.61M $2.47B 0.0%
Apollo Management 129.61M $1.75B 0.0%
Abry Partners 22.25M $423.99M 0.0%
First Trust Advisors 16.59M $223.44M -6.2%
First Trust Portfolios 16.57M $223.21M NEW
MKFCF Mackenzie Financial 7.13M $96.06M +16.4%
BLK Blackrock 3.69M $49.69M +6.3%
Vanguard 3.43M $46.22M -2.6%
RY Royal Bank Of Canada 2.79M $37.64M +48.8%
Rice Hall James & Associates 2.51M $33.8M +31.0%
Largest transactions Shares Bought/sold Change
First Trust Portfolios 16.57M +16.57M NEW
Searchlight Capital II 0 -12M EXIT
TFC Truist Financial 67.61K -1.6M -96.0%
First Trust Advisors 16.59M -1.1M -6.2%
MKFCF Mackenzie Financial 7.13M +1.01M +16.4%
FMR 1.33M -926.5K -41.0%
RY Royal Bank Of Canada 2.79M +917.06K +48.8%
LGEN Legal & General 2.28M +681.97K +42.8%
Envestnet Asset Management 22.97K -657.54K -96.6%
Rice Hall James & Associates 2.51M +593.67K +31.0%

Financial report summary

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Management Discussion
  • We discuss our historical results of operations, and the key components of those results, below. Past financial results are not necessarily indicative of future results.
  • NM = not meaningful.
  • Revenue increased $50 million, or 6.8%, to $776 million in the three months ended March 31, 2022 from $726 million in the three months ended March 31, 2021. Revenue was positively impacted by new customer acquisition and growing customer spend in our Multicloud Services segment, as discussed below.

Content analysis

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H.S. senior Avg
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