Rackspace (RXT) Revenue & Revenue Breakdown
Rackspace Revenue Highlights
Latest Revenue (Y)
$2.96B
Latest Revenue (Q)
$684.90M
Main Segment (Y)
Multi-Cloud Services Segment
Main Geography (Y)
Americas
Rackspace Revenue by Period
Rackspace Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $2.96B | -5.29% |
| 2022-12-31 | $3.12B | 3.75% |
| 2021-12-31 | $3.01B | 11.17% |
| 2020-12-31 | $2.71B | 11.03% |
| 2019-12-31 | $2.44B | -0.60% |
| 2018-12-31 | $2.45B | 14.37% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 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 | $787.60M | 1.99% |
| 2022-06-30 | $772.20M | -0.43% |
| 2022-03-31 | $775.50M | -0.23% |
| 2021-12-31 | $777.30M | 1.94% |
| 2021-09-30 | $762.50M | 2.51% |
| 2021-06-30 | $743.80M | 2.47% |
| 2021-03-31 | $725.90M | 1.35% |
| 2020-12-31 | $716.20M | 5.06% |
| 2020-09-30 | $681.70M | 3.84% |
| 2020-06-30 | $656.50M | 0.58% |
| 2020-03-31 | $652.70M | 4.08% |
| 2019-12-31 | $627.10M | 4.22% |
| 2019-09-30 | $601.70M | -0.12% |
| 2019-06-30 | $602.40M | -0.74% |
| 2019-03-31 | $606.90M | - |
Rackspace generated $684.90M in revenue during Q2 2024, up -0.85% compared to the previous quarter, and up 90.27% compared to the same period a year ago.
Rackspace Revenue Breakdown
Rackspace Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 22 | Dec 21 | Dec 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/Service | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 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
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 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
| Country | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| STEM | Stem | $461.51B | $34.00M |
| RXT | Rackspace | $2.96B | $684.90M |
| CINT | CI&T | $2.23B | $523.51M |
| NTNX | Nutanix | $1.86B | $524.58M |
| NEWR | New Relic | $925.63M | $242.76M |
| TENB | Tenable | $798.71M | $221.24M |
| PGY | Pagaya | $772.81M | $242.59M |
| GCT | GigaCloud | $703.83M | $310.87M |
| AFRM | Affirm | $674.61M | $159.29M |
| RAMP | LiveRamp | $659.66M | $175.96M |
| S | SentinelOne | $621.15M | $198.94M |
| YEXT | Yext | $404.32M | $97.89M |
| HUBC | HUB Cyber Security (Israel) | $79.74M | $30.71M |
| IRNT | IronNet | $27.26M | $6.97M |
| ALAR | Alarum | $26.50M | $8.38M |
| ARQQ | Arqit 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 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). The company'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). RXT's quarterly revenue for Q4 2023 was $719.7M, a -1.73% decrease from the previous quarter (Q3 2023), and a -8.55% decrease year-over-year (Q4 2022).
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.