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, 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.

Rackspace Technology Announces Enhanced Full-lifecycle Cloud Native Development Capabilities to Help Customers Build Modern Applications

The shift from on-premise to AWS allows BFC to focus on service delivery instead of managing IT The shift from on-premise to AWS allows BFC to focus on service delivery instead of managing IT

Rackspace Technology spearheads digital transformation for BFC Group Holdings to drive international expansion and innovation

SAN ANTONIO, June 17, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology®  (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, will hold a Solve Strategy Series webinar: Putting the Customer at the Center of Digital Transformation on June 29 at 10:00 am CT.

Rackspace Technology Announces Webinar: Putting the Customer at the Center of Digital Transformation

Offering expands on recently launched Rackspace Elastic Engineering by leveraging the power of agile methods to deliver business breakthroughs Offering expands on recently launched Rackspace Elastic Engineering by leveraging the power of agile methods to deliver business breakthroughs

Rackspace Technology Activates Data for Modern Enterprises with its Announcement of Rackspace DataOps

Los Angeles, California--(Newsfile Corp. - June 9, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rackspace Technology, Inc. ("Rackspace" or "the Company") (NASDAQ: RXT) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rackspace reported its first quarter 2021 financial results on May 10,...

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Rackspace Technology, Inc. and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - June 8, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rackspace Technology, Inc. ("Rackspace" or "the Company") (NASDAQ: RXT) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rackspace reported its first quarter 2021 financial results on May 10,...

ONGOING INVESTIGATION: The Schall Law Firm Announces it is Investigating Claims Against Rackspace Technology, Inc. and Encourages Investors with Losses to Contact the Firm

SAN ANTONIO, June 08, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has worked with MDC Partners Inc. (MDC) to consolidate data spend under one contract so it could leverage its buying power and reduce operational inefficiencies of per-agency billing.

MDC Leverages Rackspace Technology to Reduce Operational Inefficiencies

Despite the recent pullback, the cloud stock is still up roughly 9.4% year to date.

Why Rackspace Technology Stock Sank 18.9% Last Month

Los Angeles, California--(Newsfile Corp. - June 4, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rackspace Technology, Inc. ("Rackspace" or "the Company") (NASDAQ: RXT) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rackspace reported its first quarter 2021 financial results on May 10,...

ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Rackspace Technology, Inc. and Encourages Investors with Losses to Contact the Firm

SAN ANTONIO, June 03, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced that it has worked with Pure Storage ® to amplify the performance of its storage-as-a-service (STaaS) with Google Anthos to deliver on-premises performance in a cloud-like environment.

Rackspace Technology and Pure Storage Amplify the Performance of STaaS with Google Anthos

LOS ANGELES--(BUSINESS WIRE)---- $RXT #RXT--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Rackspace Technology, Inc.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Rackspace Technology, Inc. and Encourages Investors with Losses to Contact the Firm

SAN ANTONIO, June 01, 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, in addition to allowing products and services to stand out, modernizing technology and applications to improve customer experiences drives real-world, bottom-line benefits.

New Global Rackspace Technology Survey Underscores Business Benefits of Modernizing Applications to Improve Customer Experience

SAN ANTONIO, May 26, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has provided Internet of Things (IoT) and Cloud Native Development capabilities to Innovyze, the global leader in water software solutions. Rackspace Technology helped Innovyze extend its software offerings on AWS, providing customers real-time monitoring and data intelligence through IoT and cloud-powered simulations.

Innovyze Brings Dynamic Digital Twins to the Water Industry Using Rackspace Technology IoT and Cloud Native Development Capabilities

SAN ANTONIO, May 24, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) today announced that executive management will participate in the following upcoming investor conferences:

Rackspace Technology Announces Participation at Upcoming Investor Conferences

New York, New York--(Newsfile Corp. - May 22, 2021) - Pomerantz LLP is investigating claims on behalf of investors of Rackspace Technology, Inc. ("Rackspace" or the "Company") (NASDAQ: RXT) Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Rackspace and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Rackspace Technology, Inc. - RXT

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

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