Multicloud Solutions Co. Rackspace Technology Reports Q1 Results

Aitechpark14 May, 2021Technology

Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its first quarter ended March 31, 2021. Kevin Jones, Chief Executive Officer, commented, ?Our first quarter results represent a strong start to the year. We continued to grow both total and Core revenue by double digits. The earnings leverage inherent in our business model and our cost transformation programs are driving significant improvements in year-over-year profitability. And our working capital discipline resulted in a dramatic increase in both operating and free cash flow.?