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This statistic highlights Rackspace Technology’s Annualized Recurring Revenue (ARR) from 2019 onwards, on a quarterly basis.
The following table Rackspace Technology’s Annualized Recurring Revenue (ARR) for Q2 2020, Q1 2021, and Q2 2021.
|Category||Q2 2020||Q1 2021||Q2 2021|
|Annualized Recurring Revenue (ARR)||2,49,290||2,74,260||2,81,710|
The Annualized Recurring Revenue of the company has been growing at a rapid speed throughout the years. As per the latest data provided by the company, it has 2,49,290% ARR in Q2 2020 that increased to 2,81,710% in Q2 2021. It also grew from 2,74,269% that was earned in Q1 2021.
The Annualized Recurring Revenue (ARR) is calculated by annualizing the company’s actual revenue from existing recurring customer contracts for the most recently completed fiscal quarter. One notable point is that the ARR is not adjusted for the impact of any known or projected future client cancellations, service downgrades or upgrades, or price increase or decrease. The company uses ARR as a tool to measure its revenue trend and an indicator of the company’s future revenue opportunity from existing recurring customer contracts (assuming zero cancellations).
The amount of actual revenue that the company recognizes over any 12-month period is probably going to differ from ARR at the start of that period, sometimes significantly. The reason behind this difference might be due to new bookings, higher or lower professional services revenue, eventual changes in the pricing, cancellation of services, Upgrade or downgrade, and acquisition or divestitures. The calculation of the ARR of the company might differ from similarly-titled metrics presented by other companies.
Annualized Recurring Revenue is a historical measuring metric and therefore it is not a reliable indicator of the company’s future or expected results. It also doesn’t reflect any actual or anticipated reductions in revenue due to non-renewals of contracts or cancellations of services. However, it is an important indicator of the company’s market differentiation and future revenue opportunity from recurring customer contracts.
About the Company
Rackspace technology is an end-to-end multi-cloud technology service provider that designs, builds, and operates its customer’s cloud environment in all main technological platforms regardless of technology stack or deployment model. The company was founded in 1998 by Richard Yoo and is headquartered in Windcrest, Texas, United States. The company is listed on the Nasdaq Global Select Market (NASDAQ) under the ticker symbol “RXT”.
The company team up with its customers at each stage of their cloud journey which enables them to modernize the applications, adopt innovative technologies, and build new products. The company combines its expertise with leading technologies across data, security, and application. Its multi-cloud solutions offer customers the ability to develop new revenue streams, deliver the future and increase efficiencies. Rackspace technology has collaborated with more than half of Fortune 100 companies in embracing technology, empowering its customers, and offering a future by helping its clients achieve business results faster and more efficiently.
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