Rackspace (RXT) Revenue & Revenue Breakdown


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Rackspace Revenue Highlights


Latest Revenue (Y)

$2.96B

Latest Revenue (Q)

$675.80M

Main Segment (Y)

Multi-Cloud Services Segment

Main Geography (Y)

Americas

Rackspace Revenue by Period


Rackspace Revenue by Year

DateRevenueChange
2023-12-31$2.96B-5.29%
2022-12-31$3.12B3.75%
2021-12-31$3.01B11.17%
2020-12-31$2.71B11.03%
2019-12-31$2.44B-0.60%
2018-12-31$2.45B14.37%
2017-12-31$2.14B-

Rackspace generated $2.96B in revenue during NA 2023, up -5.29% compared to the previous quarter, and up 120.56% compared to the same period a year ago.

Rackspace Revenue by Quarter

DateRevenueChange
2024-09-30$675.80M-1.33%
2024-06-30$684.90M-0.85%
2024-03-31$690.80M-4.02%
2023-12-31$719.70M-1.73%
2023-09-30$732.40M-1.86%
2023-06-30$746.30M-1.63%
2023-03-31$758.70M-3.60%
2022-12-31$787.00M-0.08%
2022-09-30$787.60M1.99%
2022-06-30$772.20M-0.43%
2022-03-31$775.50M-0.23%
2021-12-31$777.30M1.94%
2021-09-30$762.50M2.51%
2021-06-30$743.80M2.47%
2021-03-31$725.90M1.35%
2020-12-31$716.20M5.06%
2020-09-30$681.70M3.84%
2020-06-30$656.50M0.58%
2020-03-31$652.70M4.08%
2019-12-31$627.10M4.22%
2019-09-30$601.70M-0.12%
2019-06-30$602.40M-0.74%
2019-03-31$606.90M-

Rackspace generated $675.80M in revenue during Q3 2024, up -1.33% compared to the previous quarter, and up 90.55% compared to the same period a year ago.

Rackspace Revenue Breakdown


Rackspace Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21Dec 20
Multi-Cloud Services Segment$2.57B$2.45B$2.14B
OpenStack Public Cloud Segment$150.50M$182.80M$229.00M
Apps & Cross Platform Segment$396.90M$377.60M$336.60M

Rackspace's latest annual revenue breakdown by segment (product or service), as of Dec 22: Multi-Cloud Services Segment (82.47%), Apps & Cross Platform Segment (12.71%), and OpenStack Public Cloud Segment (4.82%).

Quarterly Revenue by Product

Product/ServiceDec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Multi-Cloud Services Segment$651.80M$649.70M$633.30M$640.10M$639.30M$625.10M$605.10M$579.60M$572.50M$542.10M$519.00M
Apps & Cross Platform Segment$100.50M$101.50M$100.10M$94.80M$94.80M$92.80M$92.70M$97.30M$91.30M$83.90M$79.90M
OpenStack Public Cloud Segment$34.70M$36.40M$38.80M$40.60M$43.20M$44.60M$46.00M$49.00M$52.40M$55.70M$57.60M

Rackspace's latest quarterly revenue breakdown by segment (product or service), as of Dec 22: Multi-Cloud Services Segment (82.82%), Apps & Cross Platform Segment (12.77%), and OpenStack Public Cloud Segment (4.41%).

Rackspace Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20
EMEA$620.00M$626.60M$632.90M$585.20M
Americas$2.18B$2.34B$2.25B$2.03B
UNITED STATES$2.04B$2.21B$2.16B$1.95B
Other Foreign Countries$437.00M$391.50M$310.20M$175.50M
Asia Pacific$155.70M$154.00M$123.20M$94.10M

Rackspace's latest annual revenue breakdown by geography, as of Dec 23: Americas (40.18%), UNITED STATES (37.49%), EMEA (11.42%), Other Foreign Countries (8.05%), and Asia Pacific (2.87%).

Quarterly Revenue by Country

CountryDec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Apps & Cross Platform Segment$100.50M$101.50M$100.10M$94.80M$94.80M$92.80M$92.70M$97.30M$91.30M$83.90M$79.90M
Multi-Cloud Services Segment$651.80M$649.70M$633.30M$640.10M$639.30M$625.10M$605.10M$579.60M$572.50M$542.10M$519.00M
OpenStack Public Cloud Segment$34.70M$36.40M$38.80M$40.60M$43.20M$44.60M$46.00M$49.00M$52.40M$55.70M$57.60M

Rackspace's latest quarterly revenue breakdown by geography, as of Dec 22: Multi-Cloud Services Segment (82.82%), Apps & Cross Platform Segment (12.77%), and OpenStack Public Cloud Segment (4.41%).

Rackspace Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
STEMStem$461.51B$29.29M
RXTRackspace$2.96B$675.80M
CINTCI&T$2.23B$523.51M
NTNXNutanix$2.15B$590.96M
TENBTenable$798.71M$227.09M
PGYPagaya$772.81M$257.23M
GCTGigaCloud$703.83M$303.32M
AFRMAffirm$674.61M$184.34M
RAMPLiveRamp$659.66M$185.48M
SSentinelOne$621.15M$210.65M
YEXTYext$404.32M$113.99M
HUBCHUB Cyber Security (Israel)$79.74M$30.71M
ALARAlarum$26.50M$8.38M
ARQQArqit Quantum$640.00K$59.50K

RXT Revenue FAQ


What is Rackspace’s yearly revenue?

Rackspace's yearly revenue for 2023 was $2.96B, representing a decrease of -5.29% compared to 2022. The company's yearly revenue for 2022 was $3.12B, representing an increase of 3.75% compared to 2021. RXT's yearly revenue for 2021 was $3.01B, representing an increase of 11.17% compared to 2020.

What is Rackspace’s quarterly revenue?

Rackspace's quarterly revenue for Q3 2024 was $675.8M, a -1.33% decrease from the previous quarter (Q2 2024), and a -7.73% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $684.9M, a -0.85% decrease from the previous quarter (Q1 2024), and a -8.23% decrease year-over-year (Q2 2023). RXT's quarterly revenue for Q1 2024 was $690.8M, a -4.02% decrease from the previous quarter (Q4 2023), and a -8.95% decrease year-over-year (Q1 2023).

What is Rackspace’s revenue growth rate?

Rackspace's revenue growth rate for the last 3 years (2021-2023) was -1.74%, and for the last 5 years (2019-2023) was 21.29%.

What are Rackspace’s revenue streams?

Rackspace's revenue streams in c 22 are Multi-Cloud Services Segment, OpenStack Public Cloud Segment, and Apps & Cross Platform Segment. Multi-Cloud Services Segment generated $2.57B in revenue, accounting 82.47% of the company's total revenue, up 5.14% year-over-year. OpenStack Public Cloud Segment generated $150.5M in revenue, accounting 4.82% of the company's total revenue, down -17.67% year-over-year. Apps & Cross Platform Segment generated $396.9M in revenue, accounting 12.71% of the company's total revenue, up 5.11% year-over-year.

What is Rackspace’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Rackspace was Multi-Cloud Services Segment. This segment made a revenue of $2.57B, representing 82.47% of the company's total revenue.