S.A. cloud company Rackspace boosted revenue, narrowed loss in 2021
Mark Lennihan /Associated Press
In a conference call with stock analysts late Tuesday, Rackspace CEO Kevin Jones said the company is “well-positioned in this fast-growing cloud market.” Rackspace reported about $1 billion in annual bookings in 2021, which refers to contracts signed in the year by new customers and upgrades by existing customers. That was an 8 percent decrease from the $1.1 billion in bookings in 2020.The quarter ending Dec. 31 marked Rackspace’s ninth consecutive quarter of revenue growth.
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