Rackspace: Q4 Earnings Snapshot

SAN ANTONIO (AP) — SAN ANTONIO (AP) — Rackspace Technology, Inc. (RXT) on Tuesday reported net income of $28 million in its fourth quarter.

The San Antonio-based company said it had net income of 13 cents per share. Losses, adjusted for non-recurring gains, were 3 cents per share.

The company posted revenue of $719.7 million in the period.

For the year, the company reported a loss of $837.8 million, or $3.89 per share. Revenue was reported as $2.96 billion.

For the current quarter ending in March, Rackspace expects its results to range from a loss of 14 cents per share to a loss of 12 cents per share.

The company said it expects revenue in the range of $680 million to $690 million for the fiscal first quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RXT at https://www.zacks.com/ap/RXT