Rackspace Technology, Inc. (NASDAQ:RXT) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET

Company Participants

Sagar Hebbar - Vice President, Corporate Finance and Investor Relations
Amar Maletira - Chief Executive Officer
Mark Marino - Chief Financial Officer

Conference Call Participants

Kevin McVeigh - UBS
Robert Majek - Raymond James
Ramsey El-Assal - Barclays

Operator

Good afternoon and thank you for standing by. Welcome to Rackspace Technology's First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Sagar Hebbar, Head of Investor Relations. Please go ahead.

Sagar Hebbar

Thank you and welcome to Rackspace Technology's First Quarter 2024 Earnings Conference Call. I am Sagar Hebbar, Head of Investor Relations. Joining me on today's call are Amar Maletira, our Chief Executive Officer, and Mark Marino, our Chief Financial Officer.

As a reminder, certain comments we make on this call will be forward-looking. These statements involve risks and uncertainties, which could cause actual results to differ. A discussion of these risks and uncertainties is included in our SEC filings. Rackspace Technology assumes no obligation to update the information presented on the call, except as required by law.

Our presentation includes certain non-GAAP financial measures and adjustments to these measures, which we believe provide useful information to our investors. In accordance with SEC rules, we have provided a reconciliation of these measures, to their most directly comparable GAAP measures in the earnings press release and presentation, both of which are available on our Investor Relations website.

As previously announced, we successfully closed a series of debt refinancing transactions, which we will discuss in more detail during today's call. As a result of the size and complexity of the transactions, we are presenting selected financial data in the earnings press release and during today's call.

Full financial data for Q1 will be included in our upcoming 10-Q filing, which we expect to file with the SEC on or before the extended deadline of May 15th, 2024.

I will now turn the call over to Amar for an update on the business.

Amar Maletira

Thank you, Sagar, and welcome everyone to our first quarter 2024 conference call. We continue to make steady progress on a turnaround. Results in the first quarter of 2024 exceeded the high end of our guidance for revenue, profit and EPS.