Rackspace Technology shows mixed results; guides Q3 revenue below consensus

• Rackspace Technology press release (NASDAQ:RXT): Q2 Non-GAAP EPS of $0.17 beats by $0.01.
• Revenue of $772M (+3.8% Y/Y) misses by $12.72M.
• Core Revenue Grew 5% to $733 million
• Quarterly Cash Flow From Operating Activities of $84 million
• Q3 Guidance: Revenue $769 - $779 million (vs. consensus $809.21M); Core Revenue $733 - $741 million; Non-GAAP Earnings Per Share $0.08 - $0.10 (vs. consensus $0.20)
• Stock falls 3.5% during after hours