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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Earnings data Q4 2024

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.

Rackspace Technology surpasses Q3 expectations, eyes strategic growth opportunities

Rackspace Technology's Q3 2024 performance reflects consistent revenue growth, margin improvement, and operational success, driven by innovative solutions and strategic vertical focus.
While facing challenges in managing costs and a projected loss per share in Q4, the company's strengths in market relevance, partnerships, and liquidity offer a solid foundation for future growth.
Opportunities lie in further leveraging vertical expertise, expanding cloud offerings, and optimizing operational efficiency to drive sustained revenue growth and market leadership.
Overall, Rackspace's strong financial performance, coupled with strategic initiatives and market positioning, position the company well for continued success and value creation in the evolving tech landscape.

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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.

Rackspace Grows Revenue As It Seeks Focus Shift

SAN ANTONIO, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced its collaboration with Flextech, a Singapore-based software engineering, data analytics and marketing automation company building its presence in the digital loyalty space.

Rackspace Technology Works with Flextech to Leverage Google Cloud for Automating Application Development

SAN ANTONIO, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced Rackspace Technology Chief Product Officer, Josh Prewitt, will conduct a fireside chat with McGraw Hill Education CTO Andrew Lippert on “Expanding Educational Horizons in the Cloud” at the Apex National Cloud & Cloud Security Transformation Virtual Summit.

Apex National Cloud & Cloud Security Transformation Virtual Summit; Josh Prewitt, Rackspace Technology, CPO and Andrew Lippert, CTO of McGraw Hill Education Conducting a Fireside Chat

SAN ANTONIO, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced RippleMatch, the intelligent platform for early-career recruiting, named Rackspace Technology to the 2021 list of the top workplaces for Generation Z: 'The Next Gen 100.'

Rackspace Technology Named RippleMatch 'Next Gen 100' List Recognizing The Top Workplaces for The Next Generation of Talent

SAN ANTONIO, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced its momentum with Amazon Web Services (AWS) through customer transformations, Amazon Quicksight Service Delivery (Amazon Quicksight SDP) and AWS Shield Advanced partner designations, and an upcoming leadership session on the main stage at AWS re:Invent 2021.

Rackspace Technology Accelerates Momentum with AWS Through Customer Transformations, Partner Designations, and Keynote Presentation at AWS re:Invent 2021

SAN ANTONIO, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has been named 2021 Amazon Web Services (AWS) Migration Partner of the Year (NSI) – US.

Rackspace Technology Receives 2021 AWS Migration Partner of the Year Award

SAN ANTONIO, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced their 2020 Google Cloud Breakthrough North America Partner of the Year award was due to successful migrations of IT environments to Google Cloud for customers like, GoHenry, Mrs. T's and Eagle Eye.

Rackspace Technology Accelerates Momentum with Google Cloud Through Customer Transformations

New Offering Delivers Modern, Highly Collaborative, Consumption-Based Support Model New Offering Delivers Modern, Highly Collaborative, Consumption-Based Support Model

Rackspace Technology Helps Organizations Maximize VMware Investments with Rackspace Elastic Engineering for VMware

Investors embraced the cloud service provider's robust third-quarter report.

Why Rackspace Technology Stock Surged 23% Higher This Morning

The stock price of Rackspace Technology, Inc. (NASDAQ: RXT) increased by over 12% during intraday trading today. This is why it happened.

Rackspace Technology (RXT) Stock: Why The Price Jumped Today

Rackspace Technology Inc. is racking up stock-market gains in Tuesday's session after the cloud-computing company delivered an earnings report that analysts said highlighted improving trends.

The Ratings Game: Rackspace stock rallies after earnings mark a ‘modestly positive' step forward

Rackspace Technology stock jumped after the provider of cloud-based software and services posted better-than-expected financial results.

Rackspace Stock Surges on Strong Earnings

More than half of respondents have 100% of their infrastructure in the cloud; IT playing an increasingly critical role in driving corporate strategy More than half of respondents have 100% of their infrastructure in the cloud; IT playing an increasingly critical role in driving corporate strategy

New Global Rackspace Technology Survey, in Association with Google Cloud, Underscores Rapid Pace of Cloud Adoption

Rackspace Technology, Inc. (RXT) CEO Kevin Jones on Q3 2021 Results - Earnings Call Transcript

Rackspace (RXT) delivered earnings and revenue surprises of 4.17% and 0.83%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Rackspace (RXT) Beats Q3 Earnings and Revenue Estimates

SAN ANTONIO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its third quarter ended September 30, 2021.

Rackspace Technology Reports Third Quarter 2021 Results

LONDON, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Europe's leading managed vacation rentals group, Awaze, says its support from Rackspace Technology™ (NASDAQ: RXT), the end-to-end multicloud technology services company, is already paying dividends as it celebrates a record year and looks forward to further growth.

Rackspace Technology helps Awaze achieve record performance with AWS project

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.

Rackspace (RXT) Reports Next Week: Wall Street Expects Earnings Growth

SAN ANTONIO, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced today it has earned the Kubernetes on Microsoft Azure advanced specialization, a validation of a solution partner's deep knowledge, extensive experience and proven expertise in deploying and managing production workloads in the cloud using containers and managing hosted Kubernetes environments in Microsoft Azure.

News for Rackspace Technology, Inc. Stock (RXT)