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The year-over-year change was primarily driven by a $141 million unrealized gain on an equity investment recorded during the second quarter of 2019, partially offset by the corresponding income tax impact of the gain. Rackspace US Fast Facts Note: Revenues for privately held companies are statistical evaluations. $163.529 million (2014) Net income. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort. Acquisitions. The San Antonio-based company said it had a loss of 54 cents per share. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. Interested parties may access the conference call live over the phone by dialing 1-877-308-2053 (domestic) or 1-212-231-2930 (international) and requesting the Rackspace Technology Third Quarter 2020 Earnings Conference Call. SAN ANTONIO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its third quarter ended September 30, 2020. Revenue for the third quarter of 2020 was positively impacted by the acquisition of Onica Holdings LLC (“Onica”) in November 2019 as well as new customer acquisitions and growing customer spend in our Multicloud Services and Apps & Cross Platform segments. Adjusted EBITDA was $191 million in the third quarter of 2020, an increase of 2% as compared to Adjusted EBITDA of $187 million in the third quarter of 2019. Revenue was $657 million in the second quarter of 2020, an increase of 9% as compared to revenue of $602 million in the second quarter of 2019. For a reconciliation of our Adjusted Consolidated Gross Profit to our total consolidated gross profit, see “Adjusted Gross Profit by Segment” above. Adjustments for retention bonuses, mainly in connection with restructuring and transformation projects, and the related payroll tax. Adjusted Net Income (Loss), Adjusted EBIT and Adjusted EBITDA. Further, Rackspace Technology has not reconciled Adjusted EBITDA or Adjusted Earnings Per Share guidance to the most directly comparable GAAP measure because it does not provide guidance on GAAP net income (loss) or the reconciling items between Adjusted EBITDA and GAAP net income (loss) as a result of the uncertainty regarding, and the potential variability of, certain of these items, such as share-based compensation expense. Rackspace Adjusted EBITDA per employee: ~$110k . Rackspace Technology is a leading end-to-end multicloud technology services company. All statements, other than statements of historical fact, included in this document are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Per share impacts of adjustments to net loss, Impact of shares dilutive after adjustments to net loss. Investors are cautioned against using these measures to the exclusion of our results in accordance with GAAP. Rackspace Technology, Inc. (RXT) Q3 2020 Earnings Call Transcript RXT earnings call for the period ending September 30, 2020. These non-GAAP measures are not intended to imply that we would have generated higher income or avoided net losses if the November 2016 merger and the subsequent transactions and initiatives had not occurred. We believe that making these adjustments facilitates a better evaluation of our current operating performance and comparisons to prior periods. ir@rackspace.com, PR Contact These non-GAAP financial measures exclude the impact of certain costs, losses and gains that are required to be included in our profit and loss measures under GAAP. Prior to joining Rackspace Technology in April 2019, Kevin was the Chief Executive Officer of MV Transportation, the largest privately-owned transportation contracting firm in the United States. Year 2019 2018 2017; Revenue: 2,438: 2,453: 2,145: Revenue Growth Net loss was $33 million in the second quarter of 2020, compared to net income of $63 million in the second quarter of 2019. We undertake no obligation to publicly update or revise any forward- looking statement, whether as a result of new information, future developments or otherwise. 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