Rackspace Technology reports 83% year-over-year growth in non-GAAP operating profit

Rackspace Technology Sees 83% Growth in Non-GAAP Operating Profit in Q1 2025

SAN ANTONIO, May 8, 2025 — Rackspace Technology, Inc. (Nasdaq: RXT), a prominent provider of end-to-end hybrid cloud and AI solutions, has reported a substantial increase in non-GAAP operating profit for the first quarter of 2025. According to the most recent financial results, the company’s non-GAAP operating profit has grown by an impressive 83% compared to the same period last year.

The announcement, made through GlobeNewswire, highlights Rackspace Technology’s continued success in leveraging its cloud and artificial intelligence services, which have significantly contributed to this robust financial performance. This growth is indicative of Rackspace’s strategic positioning within the rapidly evolving technology landscape, providing solutions that cater to increasing demands for cloud-based and AI-driven operations.

Details of the financial results were disclosed in the company’s announcement covering the quarter ending on March 31, 2025. This demonstrates the company’s efficacy in adapting to market needs and underscores the impact of its strategic developments and operational enhancements.

For further information on Rackspace Technology’s financial performance and detailed earnings report, interested parties can access the full release on the GlobeNewswire website.