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, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, will co-sponsor the Cloud — The Enabler of Innovation virtual event with Amazon Web Services (AWS) and International Air Transport Association on November 12 at 10:00 am CT. This webinar is part of the company's Solve Thought Leadership Strategy Series.

Rackspace Technology Announces Cloud and Innovation Thought Leadership Strategy Series Virtual Roundtable with AWS and International Air Transport Association

Rackspace Technologies is a pureplay multicloud service provider that enables customers to manage their cloud platforms. The company has built its proprietary software called Rackspace Fabric with over 1bn USD of investment, which enables clients to migrate their workflows and applications to the cloud.

Rackspace Technologies: 70% Upside Is Just The Start

SAN ANTONIO, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the results of its Internet of Things (IoT) centered cloud infrastructure and cloud native application development collaboration with automated pet care company AutoPets.  

Rackspace Technology and AutoPets Reimagine Pet Care with IoT Solution

SAN ANTONIO, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) (the “Company”) today announced that it will release its third quarter 2020 financial results after the market closes on November 10, 2020. Kevin Jones, Chief Executive Officer, and Dustin Semach, Chief Financial Officer, will also host a conference call on the day of the release (November 10, 2020) at 5:00 pm ET to discuss the Company's financial results.

Rackspace Technology to Announce Third Quarter 2020 Earnings on Tuesday, November 10, 2020

LONDON, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), the multicloud solutions provider, has enabled Basware's cloud native service delivery operating on Amazon Web Services (AWS) public cloud. Basware, a global procure-to-pay and e-invoicing solution provider, began its cloud technology relationship with Rackspace Technology in early 2000. As part of the migration to a fully AWS environment, Rackspace Technology also evolved Basware's security capabilities.

Rackspace Technology Manages Basware Cloud Transformation with AWS Public Cloud Migration

LONDON, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), the multicloud solutions provider, has today announced that its management of Relay42’s Amazon Web Services (AWS) IT infrastructure is supporting the AI-driven data business to deliver up to 500,000 personalised customer data events per second.

Rackspace Technology helps Relay42 deliver up to 500,000 customer data events per second

SAN ANTONIO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced leading innovative IT transformations to Amazon Web Services (AWS) for customers, Humber College Institute of Technology and Advanced Learning, Envizi, and Invotra.

Rackspace Technology Accelerates Momentum with Customer Transformations on AWS

SAN ANTONIO, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, will co-sponsor The New Cybersecurity Landscape virtual event with Armor® on October 7th at 10:00 am CT as part of the company’s Solve Strategy Series. From Zoom bombing to account takeovers, through access mining and phishing, the event will shed light on emerging security threats and empower viewers with practical ideas on how to build a safer future.

Rackspace Technology and Cloud Security Leader, Armor, Announce The New Cybersecurity Landscape Solve Strategy Series Webinar

SAN ANTONIO, Sept.  29, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has strengthened its strategic alliance with VMware by expanding its managed services across VMware-based multicloud solutions. Rackspace Technology now includes support for Azure VMware Solution, Google Cloud VMware Engine, VMware Cloud on Dell EMC, Dell Technologies Cloud Platform (DTCP), and VMware Tanzu.

Rackspace Technology Makes Significant Investment in Extending its VMware Multicloud Solutions

SAN ANTONIO, Sept.  28, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it is working with Dell Technologies to create new modernized solutions for multicloud. Rackspace Technology is expanding its Rackspace Private Cloud powered by VMware (RPCV) portfolio with the Dell Technologies Cloud Platform (DTCP).

Rackspace Technology Expands Options to Hybrid Cloud

LONDON, Sept.  23, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, has supported gohenry with its global growth plans by migrating its IT environment to Google Cloud, delivering enhanced security and scalability for the next-generation money app.

Rackspace Technology supports gohenry’s global expansion with migration to Google Cloud

SAN ANTONIO, Sept.  18, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it brought expanded Amazon Web Services (AWS) capabilities to M1 Finance, a Chicago-based online financial services company.  This has helped M1 Finance accelerate fraud detection and enable real-time dynamic data querying through an efficient data pipeline.

Rackspace Technology and M1 Finance Accelerate Fraud Detection

SAN ANTONIO and SYDNEY, Australia, Sept.  16, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced its support for Collinson Group, a global leader in influencing customer behavior, in the cloud migration of its loyalty program for one of the largest Australian banks. The partnership enables Collinson to support better customer experience for the bank and creates new opportunities for customer cloud migrations in the future.

Rackspace Technology and Collinson Transition Australia’s Largest Bank to the Cloud to Improve Customer Experience

SAN ANTONIO, Sept.  10, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology Global, Inc. (NASDAQ: RXT) (the “Company”), a leading end-to-end multicloud technology solutions company, today announced the final results for its previously announced tender offer (the “Tender Offer”) to purchase for cash up to $600.0 million aggregate principal amount of its approximately $1,120.2 million outstanding 8.625% Senior Notes due 2024 (the “Notes”). The Tender Offer expired at the end of the day, 12:00 midnight, New York City time on Wednesday, September 9, 2020 (the “Expiration Time”).

Rackspace Technology Global Announces Final Results of Tender Offer

ATLANTA--(BUSINESS WIRE)-- #Analytics--Exasol announces a new strategic partnership with Rackspace Technology to help organizations maximize the value of their data in cloud environments.

Exasol Announces New Partnership with Rackspace Technology

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Rackspace Technology Holds its First Virtual Solutions Summit

Managed Services for Google Cloud Drives Customer Success Managed Services for Google Cloud Drives Customer Success

Rackspace Technology and Google Cloud Help GitLab Improve Time to Market

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SAN ANTONIO, Sept.  01, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced that Kevin Jones, Chief Executive Officer, and Dustin Semach, Chief Financial Officer, will participate in the following upcoming investor conferences:

Rackspace Technology to Participate in Upcoming Investor Conferences

SAN ANTONIO, Sept.  01, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has partnered with Cando Rail Services, an international service provider of rail solutions, to architect a solution that improved railway IoT data processing through a serverless environment. With over 42 years of experience, Cando offers specialized rail support services to optimize the bulk material supply chain and is a crucial linchpin between industrial customers and the Class 1 railways.

Rackspace Technology Modernizes Cando Rail Services Railcar and Shipment Tracking

Rackspace Technology's (RXT) CEO Kevin Jones on Q2 2020 Results - Earnings Call Transcript

Rackspace Technology (RXT) earnings for the cloud company's second quarter of 2020 have RXT stock falling after markets closed on Monday.
The post Rackspace Technology Earnings: RXT Stock Falls 7% Following Q2 Results appeared first on InvestorPlace.

Rackspace Technology Earnings: RXT Stock Falls 7% Following Q2 Results

SAN ANTONIO, Aug.  31, 2020  (GLOBE NEWSWIRE) --  Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its second quarter ended June 30, 2020.

Rackspace Technology Reports Second Quarter 2020 Results

Wall Street weighs in on the not-hot tech IPO.

Why Rackspace Stock Is Rocking This Morning

SAN ANTONIO, Aug.  27, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has partnered with University of California, Irvine, Scientific Systems Company, Inc., and Plan4Co to work on a project that underscores the effectiveness of Amazon Forecast in creating COVID-19 forecasting models with greater accuracy.

News for Rackspace Technology, Inc. Stock (RXT)