Rackspace Technology, Inc.

Rackspace Technology, Inc. engages in the provision of end-to-end multi-cloud technology services. The firm designs, builds and operates its customers’ cloud environments across technology platforms. It operates through the following segments: Multicloud Services and Apps & Cross Platform. The Multicloud Services segment includes public and private cloud managed services offerings, as well as professional services related to designing and building multicloud solutions and cloud-native applications. The Apps & Cross Platform segment includes managed applications, managed security and data services, as well as professional services related to designing and implementing application, security and data services. The company was founded on July 21, 2016 and is headquartered in San Antonio, TX.

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Rackspace Technology focuses on sustainable growth amidst challenges and opportunities

Rackspace Technology navigating challenges from a ransomware incident and a tough macro environment, focusing on sustainable growth and high-margin services.
Company making strategic moves with partnerships, new offerings, and leadership changes to drive transformation and execution of its strategy.
Despite demand slowdown in certain sectors, opportunities exist in healthcare and telco industries, with strong growth in hyperscalers and APJ region.

Rackspace Technology reports Q1 revenue decline, eyes long-term growth

Rackspace Technology faces short-term revenue challenges but maintains financial stability.
Strategic focus on cost efficiencies and revenue growth for improved performance.
Long-term growth opportunities in multicloud and generative AI adoption.
Confidence in sequential profit improvement and segment-specific growth targets.

Rackspace Technology surpasses Q2 expectations, drives innovation in AI

Rackspace Technology's Q2 2023 earnings call highlighted strong financial performance, strategic focus on generative AI, and successful collaborations in cloud services. While facing challenges in bookings growth and cost optimization, the company remains well-positioned for growth and innovation in the tech sector.

Rackspace Technology exceeds Q3 guidance, eyes growth in cloud services

Rackspace Technology's Q3 2023 performance showcased financial strength and strategic focus on sustainable growth.
While facing challenges in profitability, the company's strong traction in key markets and new offerings position it well for future opportunities.
With a disciplined financial strategy and focus on efficiency, Rackspace Technology is poised to capitalize on growth prospects in cloud services.

Rackspace Technology reports strong Q4 earnings, eyes cloud growth

Rackspace Technology's Q4 2023 performance reflects strong revenue and profit growth, driven by robust private cloud bookings and strategic focus on higher-margin services.
While facing challenges in cloud revenue declines, the company is poised for improvement in 2024 through private cloud revenue stabilization and public cloud growth.
Strategic strengths in operational turnaround, debt reduction, and AI partnerships position Rackspace well for future growth and innovation in the cloud services sector.

Rackspace Technology exceeds Q1 guidance, focuses on cloud and AI growth

Rackspace Technology's Q1 2024 earnings call highlighted strong financial performance, operational improvements, and growth opportunities in AI and cloud services. Despite short-term cash flow challenges, the company's strategic focus on cloud bookings and AI development positions it well for future growth.

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LONDON, March 17, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud solutions company, has today announced that it is supporting BMG, the fourth biggest global music company in the world, with its migration to Google Cloud.

BMG accelerates Google Cloud migration with Rackspace Technology to meet data demands of music consumption boom

SAN ANTONIO, March 14, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced the company will host a Fireside Chat on “The Digital Transformation Revolution” with Jeff DeVerter, Chief Technology Evangelist for Rackspace Technology at the Apex National CIO, CTO, AI, ML Digital Transformation Virtual Summit. The Fireside Chat will explore how digital transformation is changing the way organizations operate and the impact on systems, processes, workflow, and culture.

Apex National CIO, CTO, AI, ML Digital Transformation Virtual Summit Fireside Chat: “The Digital Transformation Revolution” Hosted by Rackspace Technology and Chief Technology Evangelist Jeff DeVerter

SAN ANTONIO, March 10, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced a revitalized Technical Career Track (TCT) program intended to provide technical team members a path into senior roles. The program amplifies the technical team member's voice as thought leaders, bridging across technologies and teams, to create one technical voice and advancement for top technical talent.

Rackspace Technology Launches Technical Career Track Program

$10,000 investment prevented a potential $250,000 issue and provides utilities and downstream industrial users easy access to data to help prevent equipment failures and more reliable delivery $10,000 investment prevented a potential $250,000 issue and provides utilities and downstream industrial users easy access to data to help prevent equipment failures and more reliable delivery

Rackspace Technology Works with Delta Thermal to Help Electric Utilities and Downstream Industrial Customers Protect and Grow the Power Grid with AWS

Partnership focuses on data services experience, skills, and ability to accelerate joint value for customers Partnership focuses on data services experience, skills, and ability to accelerate joint value for customers

Rackspace Technology Achieves Snowflake Premier Partnership Level

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Multiyear strategic collaboration agreement drives customer value and innovation, and strengthens AWS's position as Rackspace Technology's preferred cloud provider Multiyear strategic collaboration agreement drives customer value and innovation, and strengthens AWS's position as Rackspace Technology's preferred cloud provider

Rackspace Technology Expands Strategic Relationship with AWS

Rackspace (RXT) stock is heading lower on Wednesday following the release of its earnings report for the fourth quarter of 2021. The post RXT Stock News: Why Rackspace Shares Are Reeling Today appeared first on InvestorPlace.

RXT Stock News: Why Rackspace Shares Are Reeling Today

Rackspace Technology, Inc. (RXT) CEO Kevin Jones on Q4 2021 Results - Earnings Call Transcript

Rackspace (RXT) delivered earnings and revenue surprises of 4.17% and 0.79%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Rackspace (RXT) Beats Q4 Earnings and Revenue Estimates

SAN ANTONIO, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its fourth quarter and year ended December 31, 2021.

Rackspace Technology Reports Fourth Quarter and Full Year 2021 Results; Record Quarterly New Sales Bookings of $329 Million

SAN ANTONIO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced an expanded strategic partnership with Cloudflare to offer expert services for Cloudflare Zero Trust, to help businesses reach their cloud-centric goals faster, support remote workers, and provide a Secure Access Service Edge (SASE) for their cloud applications, data, users, and devices. Rackspace Technology is offering managed services for Cloudflare Zero Trust through the Rackspace Elastic Engineering for Security portfolio which is available to customers globally.

Rackspace Technology Joins Forces with Cloudflare to Offer Zero Trust Cloud Security Services to Customers Globally

Rackspace (RXT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Rackspace (RXT) Q4 Earnings Expected to Decline

SAN ANTONIO, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced it has been named a Leader in three quadrants of the 2021 ISG Provider Lens™ AWS Ecosystem Partners Report for the US and Germany due to its numerous AWS competencies, partner programs and the extensive AWS certifications.

Rackspace Technology Positioned as a Leader in Three Categories of 2021 ISG Provider Lens™ AWS Ecosystem Partners Report for US and Germany

SAN ANTONIO, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced its collaboration with VoltaGrid to deploy a secure, serverless cloud-native solution that leverages IoT, Machine Learning (ML) and Artificial Intelligence (AI) in AWS for its software-controlled and managed mobile electric microgrids.

Rackspace Technology Works with VoltaGrid to Generate Cost Savings with Cloud Native Solutions That Provide Optimization of Energy Generation and Consumption

Skills, Data Quality and Lack of Organizational Buy-In Cited as Barriers; AI/ML Top IT Priority for Businesses, Alongside Cybersecurity Skills, Data Quality and Lack of Organizational Buy-In Cited as Barriers; AI/ML Top IT Priority for Businesses, Alongside Cybersecurity

New Rackspace Technology Report Finds AI/ML Technologies Increasingly Mission-Critical, But Full Benefits Have Yet to Be Realized

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NEW YORK, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Pipedrive , the global sales-first CRM and intelligent revenue management platform for small businesses, today announced the opening of a newly built Rackspace OpenStack private cloud environment in the UK, provided by Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company.

Pipedrive enhances service with Rackspace Technology Private Cloud management and UK data centre

SAN ANTONIO, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it will release its fourth quarter 2022 financial results after the market closes on Tuesday, February 22, 2022. Kevin Jones, Chief Executive Officer, and Amar Maletira, President and Chief Financial Officer, will also host a conference call on the day of the release (February 22, 2022) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows:

Rackspace Technology to Announce Fourth Quarter 2021 Earnings on Tuesday, February 22, 2022

LONDON, Jan. 19, 2022 (GLOBE NEWSWIRE) -- BT and Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced a partnership agreement to transform BT's multinational customers' cloud services.

BT Selects Rackspace Technology as Cloud Partner

Acquisition to Strengthen APJ Regional Ties into the Microsoft Azure Ecosystem Acquisition to Strengthen APJ Regional Ties into the Microsoft Azure Ecosystem

Rackspace Technology to Acquire Just Analytics, a Leading Provider of Cloud-based Data, Analytics, and Artificial Intelligence Services

Partnership will enable Rackspace Technology customers in EMEA to leverage AI-enhanced automation to improve efficiency and performance Partnership will enable Rackspace Technology customers in EMEA to leverage AI-enhanced automation to improve efficiency and performance

Rackspace Technology and Digivante join forces to deliver next-gen application testing services

Collaboration results in a 300% return on investment Collaboration results in a 300% return on investment

Rackspace Technology Works with Auronix on AWS Optimization

SAN ANTONIO, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Onica by Rackspace Technology, the Amazon Web Services (AWS) focused business group of Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced its deployment relationship with AWS on Emissions Monitoring and Surveillance (EMS). EMS is a new solution to help facility engineers, operations general managers, and environmental teams see direct measurements of emissions (initially methane) so they can quickly act (maintain, operate, design), driving down per-unit-volume carbon intensity (kgCO2e/bbl), reducing equipment failures and safety incidents, retaining product volume, and curtailing environmental impacts through Leak Detection and Repair.

Onica, A Rackspace Technology Company, Announces AWS Emissions Monitoring and Surveillance Solution Deployment Partnership

Rackspace Technology went public in August 2020, raising $704 million in a U.S. IPO. The firm provides a range of infrastructure, application and data software and services to enterprises worldwide.

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