Rackspace Technology(US:RXT) Globenewswireยท2025-05-08 20:15Core Insights - Rackspace Technology, Inc. reported first quarter 2025 results that exceeded expectations across key metrics, with revenue at the high end of guidance and profit and EPS surpassing guidance ranges [2][3][5] Financial Performance - Total revenue for Q1 2025 was $665 million, a decrease of 4% year-over-year from $691 million in Q1 2024 [3][7] - Private Cloud revenue was $250 million, down 7% year-over-year from $268 million in Q1 2024 [3][4] - Public Cloud revenue was $416 million, a decrease of 2% year-over-year from $422 million in Q1 2024 [4][28] - Non-GAAP operating profit increased by 83% year-over-year to $26 million from $14 million in Q1 2024 [5][46] - Net loss for Q1 2025 was $(72) million, significantly improved from a net loss of $(641) million in Q1 2024 [5][50] Operational Metrics - Sales bookings grew by 9% in Q1 2025, indicating a strengthening sales pipeline across business units [2] - Cash flow from operating activities was $13 million for Q1 2025, compared to $143 million on a trailing twelve-month basis [7] Guidance - For Q2 2025, the company provided revenue guidance of $653 - $665 million, with Private Cloud revenue expected between $247 - $253 million and Public Cloud revenue between $406 - $412 million [8]