Earnings roundup: Rackspace touts reorganization amid $500M 3Q loss; revenue up at TaskUs, XPEL

Courtesy of Rackspace Technology Inc.

SAN ANTONIO — Welcome back to Earnings Roundup, SA Inc’s weekly summary of the latest financial reports from companies of local interest. Look for it online Monday during quarterly or annual earnings reporting periods. This week’s roundup of financial reports includes San Antonio-based Rackspace Technology, TaskUs, Victory Capital Holdings and other, as well as the parent company of SeaWorld San Antonio.Despite posting a huge third-quarter loss, cloud computing company Rackspace Technology Inc. said it’s in a good position to roll out its

. The company plans to split into two business units to better capitalize on the private and public cloud markets.Revenue:“I know we need to rebuild out credibility as a team. We intend to build a track record of meeting and beating expectations.” —. was up 15.5 percent year over year, though net income was down as disproportionate increases in some expenses outpaced topline gains. The company refinanced its debt during the recent quarter and initiated a share repurchase program.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX fallout, Walmart earnings, retail sales and inflation data top week aheadInvestors are monitoring the FTX fallout as well as a corporate earnings from Walmart and other big retailers and key economic reports on retail sales and producer prices. One of our local Walmart stores would have better sales if the merchandise in the 30 storage trailers outside the store actually made it to the shelves. Walmart Walmart and Amazon are prime examples of end-stage capitalism. Junk $ for junk products with no practical alternatives. GreatReset MULN MullenAutomotive a really good buy right now
Source: FoxBusiness - 🏆 458. / 53 Read more »

Wall St Week Ahead Soaring U.S. tech stocks leave some investors doubtful rebound will lastHopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though some investors believe still-high valuations and doubts over the companies' earnings outlooks may make a sustained reversal elusive. 🤡 Long China’s tech, cheap and potential.
Source: Reuters - 🏆 2. / 97 Read more »