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.

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, May 20, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced that the company's Solve Thought Leadership program has been awarded two Digiday Content Marketing Awards.

Rackspace Technology Solve Thought Leadership Program Awarded Two Digiday Content Marketing Awards

LONDON, May 17, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, has enabled Brooks Macdonald, a UK and international investment management services provider, to adopt a secure managed private cloud architecture.

Rackspace Technology provides Brooks Macdonald with streamlined and secure private cloud architecture

SAN ANTONIO, May 13, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), an end-to-end, multicloud technology solutions company, announced today its collaboration with FINCAD, a global provider of multi-asset valuation and risk analytics for derivatives and fixed income, to migrate its legacy application to Amazon Web Services (AWS) for better performance, more automation, and streamlined management.

Rackspace Technology Migrates FINCAD Application Resulting in Better Performance, More Automation and Streamlined Management for the Financial Services Company

VANCOUVER, British Columbia, May 12, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has been named AWS Migration Partner of the Year for Canada by Amazon Web Services, Inc. (AWS).

Rackspace Technology Receives 2021 AWS Migration Partner of the Year Award for Canada

The cloud-computing expert beat the Street in the first quarter, but analysts and investors found a few market-moving concerns anyway.

Why Rackspace Technology Shares Crashed Hard Today

Rackspace Technology, Inc.'s (RXT) CEO Kevin Jones on Q1 2021 Results - Earnings Call Transcript

Rackspace Technology Inc. shares dropped in the extended session Monday as the cloud-technology services company's forecast and results met with a chilly reception from Wall Street.

Rackspace stock drops 10% as outlook meets with chilly reception

SAN ANTONIO, May 10, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its first quarter ended March 31, 2021.

Rackspace Technology Reports First Quarter 2021 Results

Rackspace Technology (RXT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Rackspace Technology (RXT)

New flagship solution combines Fanatical Experience, with VMware Cloud Director technology to deliver best-in-class VMware environment New flagship solution combines Fanatical Experience, with VMware Cloud Director technology to deliver best-in-class VMware environment

Rackspace Technology Redefines the Art of the Possible with the Launch of Rackspace Services for VMware Cloud

SAN ANTONIO, May 05, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, announced today its relationship with McChrystal Group, a renowned advisory services and leadership development firm that helps organizations identify opportunities to improve their performance so they can operate optimally in today's complex environments.

Rackspace Technology Works with McChrystal Group to Leverage Machine Learning for Delivery of High Value Data for Survey Analysis

Companies will collaborate on products, technologies, and go to market activities Companies will collaborate on products, technologies, and go to market activities

Rackspace Technology Announces Strategic Investment in Platform9 and Launches Rackspace Managed Platform for Kubernetes

Rackspace Technology is a leading multi-cloud services provider, with strong growth prospects. It's seeing strong top- and bottom-line growth and is making effective use of operating leverage.

If You're Searching For A Growth Stock, Then Consider Rackspace Technology

SAN ANTONIO, April 22, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) today announced that it will release its first quarter 2021 financial results after the market closes on Monday, May 10, 2021. Kevin Jones, Chief Executive Officer, and Amar Maletira, Chief Financial Officer, will also host a conference call on the day of the release (May 10, 2021) at 5:00 pm ET to discuss the Company's financial results.

Rackspace Technology to Announce First Quarter 2021 Earnings on Monday, May 10, 2021

Modernizing Legacy Infrastructure Resulted in 32% Reduction to Operating Costs and Simplified Purchasing Process Modernizing Legacy Infrastructure Resulted in 32% Reduction to Operating Costs and Simplified Purchasing Process

Apria Healthcare Collaborates with Rackspace Technology to Leave the Data Center Resulting in Improved Customer Experience and Increased Savings

SAN ANTONIO, April 20, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ®(NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced today that it has achieved Amazon Web Services (AWS) Machine Learning Competency status in the new Applied Artificial Intelligence (Applied AI) and Machine Learning Operations (ML Ops) categories. This designation recognizes that Rackspace Technology has demonstrated deep experience and expertise in building or integrating machine learning (ML) solutions on AWS. AWS Partners recognized as part of the AWS Machine Learning Competency expansion help customers take advantage of intelligent solutions for the business, from creating, automating, and managing end-to-end ML workflows to modernizing applications with machine intelligence.

Rackspace Technology Achieved AWS Machine Learning Competency in New Applied AI and ML Ops Categories

Designed with cloud native thinking, this ‘do with' approach gives customers on-demand access to a dedicated pod of cloud engineers working alongside their team to deliver cloud outcomes while empowering ongoing innovation Designed with cloud native thinking, this ‘do with' approach gives customers on-demand access to a dedicated pod of cloud engineers working alongside their team to deliver cloud outcomes while empowering ongoing innovation

Rackspace Technology Defines a New Category in Cloud Services with Launch of Rackspace Elastic Engineering

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SAN ANTONIO, April 08, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced today its relationship with Brave Software which provides a free, open-source private and secure web browser for PC, Mac, and mobile environments.

Rackspace Technology Works with Brave Software to Improve Machine Learning Functionality in the Web Browser

SAN ANTONIO, April 06, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, will hold the virtual roundtable: What Your Cloud Strategy May Be Overlooking on April 12th at 10:00 am CT.

Rackspace Technology Announces New Virtual Roundtable: What Your Cloud Strategy May Be Overlooking

SAN ANTONIO, April 01, 2021 (GLOBE NEWSWIRE) --   Rackspace Technology TM (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced today its collaboration with Blackline Safety Corp. (TSX.V: BLN), a global leader of gas detection and connected safety solutions, to help drive critical software innovation and platform improvements that will support its expanding customer base and employee contact tracing solution.

Rackspace Technology Collaborates with Blackline Safety to Expand Core Infrastructure to Support Rapid Growth and Industrial Contact Tracing Solution

Rackspace Technology, Inc. (NASDAQ: RXT) has transformed its business by providing multicloud services to hyperscale cloud infrastructure providers. The company has also established a “robust partner ecosystem,” which includes Amazon.com, Inc.'s (NASDAQ: AMZN) AWS, Alphabet Inc.'s (NASDAQ: GOOGL) (NASDAQ: GOOG) Google Cloud, and Microsoft Corporation's (NASDAQ: MSFT) Azure, according to William Blair.

Why Investors Should Take A Look At Rackspace Technology

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Rackspace Technology Provided Critical Development to Help Qwake Technology Launch their Groundbreaking C-THRU Solution Rackspace Technology Provided Critical Development to Help Qwake Technology Launch their Groundbreaking C-THRU Solution

The First Ever IoT-enabled Firefighter Helmet Provides 'Superpowers' Through Augmented Reality

SAN ANTONIO, March 23, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, will hold the virtual event Predicting Your Customer Needs with Modern Data on April 6 th at 10:00 am CT as part of the company's Solve Strategy Series.

News for Rackspace Technology, Inc. Stock (RXT)