![]() The goodwill impairment was in our Apps & Cross Platform segment and was driven primarily by the decline in market capitalization following the ransomware attack on our Hosted Exchange email business. In the fourth quarter of 2022 we recorded $217 million of non-cash impairment charges driven primarily by $129 million of goodwill and a $75 million asset impairment. Revenue from our Core Segments (“Core Revenue”), comprised of Multicloud Services and Apps & Cross Platform, increased 2% on an actual basis and 4% on a constant currency basis, in the fourth quarter of 2022 as compared to the fourth quarter of 2021. On a constant currency basis, revenue increased 3% in the fourth quarter of 2022 as compared to the fourth quarter of 2021. Revenue for the fourth quarter of 2022 was positively impacted by new customer acquisitions and growing customer spend in our Multicloud Services and Apps & Cross Platform segments. Revenue was $787 million in the fourth quarter of 2022, an increase of 1% as compared to revenue of $777 million in the fourth quarter of 2021. I am confident in our strategy, and we now have the right operating model and leadership team to go execute.” Maletira added, “My focus is on changing the trajectory of the business and positioning Rackspace for sustained, long-term growth. Additionally, I am pleased to share that we have completed our operating model realignment and are now executing as two business units, Public Cloud and Private Cloud.” ![]() (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its fourth quarter and year ended December 31, 2022.Īmar Maletira, Chief Executive Officer, stated, “We delivered fourth quarter revenue and profit above our guidance and reported solid cash flow. 22, 2023 (GLOBE NEWSWIRE) - Rackspace Technology, Inc. Fourth Quarter Cash Flow From Operating Activities of $40 million 2022 Cash Flow From Operating Activities of $259 million. ![]() ![]() Fourth Quarter Core Revenue of $752 million, up 2% Year-over-Year 2022 Core Revenue of $2,972 million, up 5% Year-over-Year.Fourth Quarter Revenue of $787 million, up 1% Year-over-Year 2022 Revenue of $3,122 million, up 4% Year-over-Year.Artificial Intelligence & Machine Learning ![]()
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