NASDAQ$RXT
Rackspace Technology Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported second quarter results with revenue up 9% year-over-year and record quarterly bookings, but experienced a net loss.
Rackspace Technology reported a 9% increase in revenue year-over-year, reaching $657 million for the second quarter of 2020. The company also achieved record quarterly bookings of $288 million, a 107% increase year-over-year. However, they reported a net loss of $33 million, or ($0.20) per diluted share.
- Revenue increased by 9% year-over-year to $657 million.
- Record quarterly bookings increased by 107% year-over-year to $288 million.
- Net loss was $33 million, or ($0.20) per diluted share.
- Adjusted EBITDA was $188 million with a 29% margin.
Headline financials
Revenue & EPS history
Rackspace · Revenue · Quarterly
$657M
Forward guidance
Rackspace Technology provided full-year 2020 financial outlook, including consolidated revenue growth in constant currency between 9.0% and 10.0%, core revenue growth in constant currency between 12.5% and 13.5%, adjusted EBITDA between $756 million and $760 million, and adjusted earnings per share between $0.75 and $0.81.
Tailwinds
- Consolidated revenue growth, Year-over-Year in constant currency between 9.0% - 10.0%
- Core Revenue growth, Year-over-Year in constant currency between 12.5% - 13.5%
- Adjusted EBITDA between $756 million - $760 million
- Adjusted Earnings Per Share between $0.75 - $0.81
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports
+2.3%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-6.8%
Avg return
30 days after
48%
12 / 25 earnings
Positive
+67.4%
Q4 2025
Best reaction
-20.6%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +55.5% | +63.2% | +33.1% | |
| Q4 2025 | +67.4% | +82.2% | -22.2% | |
| Q3 2025 | -15.3% | -18.5% | -30.1% | |
| Q1 2025 | -13.4% | -11.1% | -18.1% | |
| Q4 2024 | +0.7% | -9.0% | -35.1% | |
| Q3 2024 | +8.6% | -13.3% | -10.4% | |
| Q2 2024 | +6.1% | +13.2% | -0.5% | |
| Q1 2024 | +5.9% | +11.3% | +17.7% | |
| Q4 2023 | -14.8% | +14.9% | +13.0% | |
| Q3 2023 | -1.8% | -10.0% | +7.9% | |
| Q2 2023 | +13.6% | +6.6% | +0.9% | |
| Q1 2023 | -14.0% | -18.7% | +16.2% | |
| Q4 2022 | -2.6% | -14.2% | -35.8% | |
| Q3 2022 | +22.1% | +17.5% | -33.4% | |
| Q2 2022 | -17.6% | -18.2% | -29.7% | |
| Q1 2022 | -10.9% | +4.0% | -13.3% | |
| Q4 2021 | -20.6% | -6.5% | -7.3% | |
| Q3 2021 | +12.5% | +3.4% | -9.4% | |
| Q2 2021 | -14.5% | -17.0% | -12.7% | |
| Q1 2021 | -19.9% | -18.0% | -10.8% | |
| Q4 2020 | -14.8% | -14.0% | -1.8% | |
| Q3 2020 | -1.7% | -7.2% | +13.1% | |
| Q4 2019 | +8.6% | +1.4% | -0.2% | |
| Q2 2019 | +8.6% | +1.4% | -0.2% | |
| Q2 2020 | +8.6% | +1.4% | -0.2% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro