Rackspace is getting closer to partial sale amid second-quarter loss; TaskUS cuts jobs...
Cloud computing company Rackspace Technology Inc.’s share price fell after the company posted its second-quarter earnings results.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 second-quarter financial reports includes several South Texas-based public companies, including Victory Capital Holdings, TaskUS, Rackspace Technology and XPEL, as well as some based elsewhere with significant local presences.Rackspace Technology Inc., the Windcrest-based cloud computing company, reported a widening loss in the second quarter despite an 11th consecutive quarter of revenue growth. The company said it’s likely to announce a sale of part of itself this fall.
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