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.

Earnings data Q4 2020

Earnings data Q1 2021

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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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NEW YORK, Sept. 24, 2021 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Rackspace Technology, Inc. (NASDAQ: RXT).

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Rackspace Technology, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

New Offering Delivers Modernized Email and Productivity Applications through a Flexible, Scalable Services Approach New Offering Delivers Modernized Email and Productivity Applications through a Flexible, Scalable Services Approach

Rackspace Technology Empowers Productivity with Rackspace Elastic Engineering for Microsoft 365

New Offering Addresses Common Pain Point Affecting Public Cloud Users New Offering Addresses Common Pain Point Affecting Public Cloud Users

Rackspace Data Freedom Eliminates Cloud Lock-in and Runaway Transit Costs

SAN ANTONIO, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it worked with the American Geophysical Union (AGU) to improve the scalability and reliability of its IT infrastructure.

AGU selected Rackspace Technology to Strengthen Infrastructure

SAN ANTONIO, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced that Holly Windham, Rackspace Technology Executive Vice President, Chief Legal and People Officer, and Corporate Secretary has been named a recipient of Corporate Counsel's 2021 Women, Influence and Power in Law (WIPL) and Texas Diversity Council's (TXDC) Top General Counsel awards.

Holly Windham, Rackspace Technology Executive Vice President, Chief Legal and People Officer Receives Top General Counsel WIPL and TXDC Awards

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Stocks were mixed approaching the midday point for trading on Tuesday. Once again, both the S&P 500 and the Nasdaq closed at record highs on Monday, as the buyers continued to hold serve.

Tuesday Afternoon Analyst Upgrades and Downgrades: Callaway Golf, Chewy, Zoom Video and More

Dedicated pod of security experts operates as an extension of customer teams, providing a simplified, modern approach to solving complex security challenges Dedicated pod of security experts operates as an extension of customer teams, providing a simplified, modern approach to solving complex security challenges

Rackspace Technology Simplifies Multicloud Security for the Future with Rackspace Elastic Engineering for Security

SAN ANTONIO, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced its recognition as one of the 2021 Achievers 50 Most Engaged Workplaces® Awards. This annual award recognizes top employers that display leadership and innovation in engaging their workplaces.

Rackspace Technology Recognized as One of Achievers 50 Most Engaged Workplaces

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With the trading day more than halfway over, the broad markets were in full retreat.

Tuesday Afternoon Analyst Upgrades and Downgrades: Lululemon, Progressive, Rackspace, Tesla and More

Rackspace Technology, Inc. (RXT) CEO Kevin Jones on Q2 2021 Results - Earnings Call Transcript

In a release issued under the same headline earlier today by Rackspace Technology, Inc. (Nasdaq: RXT), headers have been corrected and replaced in several financial tables. Complete corrected text follows.

CORRECTING and REPLACING - Rackspace Technology Reports Second Quarter 2021 Results

Rackspace (RXT) delivered earnings and revenue surprises of 4.35% and 0.25%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Rackspace (RXT) Q2 Earnings and Revenues Top Estimates

SAN ANTONIO, Aug. 11, 2021 (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, 2021.

Rackspace Technology Reports Second Quarter 2021 Results

SAN ANTONIO, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has worked with Arthrex, a life sciences company that manufactures endoscopic cameras for surgical use, to reimagine and modernize the post-surgery experience by creating a digital communications portal.

Rackspace Technology Works with Arthrex to Reimagine the Patient Experience Post-Surgery

Rackspace (RXT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Rackspace (RXT) Keep the Earnings Surprise Streak Alive?

Rackspace (RXT) possesses 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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

SAN ANTONIO, July 29, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has worked with iPromote, a turnkey online advertising solution, to migrate their infrastructure to Linux on AWS reducing the company's operational costs by 30%.

Rackspace Technology Collaborates with iPromote to Reduce Operational Costs by 30% with Linux on AWS

SAN ANTONIO, July 28, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the results of a global survey revealing that 2020 drove a large-scale push for application modernization. As organizations scrambled to support fully distributed workforces and securely integrate new cloud-native data platforms and collaboration apps into already complex ecosystems, many cranked their existing application modernization efforts into overdrive.

New Global Rackspace Technology Survey Findings Reveal COVID-19 Pandemic Has Been the Ultimate Digital Transformation Test

SAN ANTONIO, July 22, 2021 (GLOBE NEWSWIRE) -- Today Rackspace Technology ® (NASDAQ: RXT) announced an expected $65-$70 million of new investments designed to closely align the company's resources with fast-growing product and service offerings. The investments will enable acceleration of growth initiatives while also providing the company with a more flexible and scalable expense structure.

Rackspace Technology to Make $65-$70 million Investment in Growth Businesses; Increases Financial Guidance for the Second Quarter Of 2021

SAN ANTONIO, July 20, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) today announced that it will release its second quarter 2021 financial results after the market closes on Wednesday, August 11, 2021. 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 (August 11, 2021) 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 Second Quarter 2021 Earnings on Wednesday, August 11, 2021

SAN ANTONIO, July 20, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has received the 2020 Google Cloud Breakthrough North America Partner of the Year award.

Rackspace Technology Wins 2020 Google Cloud Breakthrough North America Partner of the Year Award

SAN ANTONIO, July 15, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has worked with Zeotap, a leading customer intelligence platform, to optimize its network infrastructure by implementing DevOps and automated internal processes to accelerate product delivery by 40% and reduce its operations load by 80%.

Rackspace Technology Optimizes Zeotap Network Infrastructure by Implementing DevOps and Automating Internal Processes to Accelerate Product Delivery by 40%

Conference to help businesses quickly identify the root of common business operational challenges and how to solve them with technology Conference to help businesses quickly identify the root of common business operational challenges and how to solve them with technology

Rackspace Technology Announces Solve Conference 2021: Real Technology Solutions, Today

Rackspace Technology & iPensions Group engagement drives tech-focused solutions within the SIPP market Rackspace Technology & iPensions Group engagement drives tech-focused solutions within the SIPP market

Rackspace Technology underpins iPensions Group's ambitious innovation and digital transformation strategy

SAN ANTONIO, June 22, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced today enhanced full-lifecycle Cloud Native Development (CND) Professional Services capabilities to the Rackspace Technology portfolio that help customers build modern applications.

News for Rackspace Technology, Inc. Stock (RXT)