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

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Earnings data Q4 2022

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Earnings data Q1 2024

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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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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.

Rackspace Technology Announces New Solve Strategy Series Webinar: Predicting Your Customer Needs with Modern Data

SAN ANTONIO, March 16, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has worked with multidisciplinary professional consulting firm Century Engineering , Inc. to extend and enhance an innovative stormwater management solution its team developed, named SmartSWM™. Rackspace supported Internet of Things (IoT) hardware and firmware components of the project and an IoT backend for Amazon Web Services (AWS) to realize a more resilient, reliable, and secure intelligent stormwater infrastructure solution.

Rackspace Technology Works with Century Engineering to Create Enhanced IoT Experience to Keep Waterways Clean

LONDON, March 10, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, has been selected by ADCO Umweltdienste Holding GmbH to spearhead its cloud native journey using Amazon Web Services (AWS), VMware and app modernisation.

ADCO selects Rackspace Technology to manage cloud native journey with multicloud enhancements

SAN ANTONIO, March 05, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology Global, Inc. (NASDAQ: RXT) today announced that Kevin Jones, Chief Executive Officer, and Amar Maletira, Chief Financial Officer, will present at the Deutsche Bank Media, Internet and Telecom Conference on Tuesday, March 9, 2021 beginning at 1:00pm ET. Mr. Jones and Mr. Maletira will also be available for investor meetings.

Rackspace Technology to Present at the Deutsche Bank Media, Internet and Telecom Conference

SAN ANTONIO, March 04, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the successful completion of a major artificial intelligence (AI) and machine learning (ML) capabilities initiative for Sentrics , the company revolutionizing the future of senior living. The implementation enables voice control in Sentrics' Engage360 application, enhancing hands-free capabilities that will benefit the company's senior care facility customers.

Rackspace Technology and Sentrics Enhance Senior Digital Experience with Innovative AI/ML Initiatives

SAN ANTONIO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, has been recognized as Cloudflare's Worldwide MSP Partner of the Year in honour of its growth and strong, consistent joint customer engagements. This follows the organizations' worldwide reseller and managed services partnership to protect business applications and infrastructure with the benefit of fully managed services.

Rackspace Technology Named Cloudflare Worldwide MSP Partner of the Year

Despite a fourth-quarter earnings and revenue beat, investors were disappointed.

Why Rackspace Stock Plunged Today

Rackspace Technology, Inc. (RXT) CEO Kevin Jones on Q4 2020 Results - Earnings Call Transcript

SAN ANTONIO, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Please note this release is the corrected version to replace a release issued under the same headline earlier today by Rackspace Technology, Inc. (Nasdaq: RXT). The corrected release follows:

CORRECTING and REPLACING - Rackspace Technology Reports Fourth Quarter and Full Year 2020 Results

Cloud-services provider Rackspace Technology Inc. missed expectations across the board even as its CEO said that the company's fourth quarter "capped off a fantastic year," during which bookings and revenue grew.

Earnings Results: Rackspace stock sinks as it misses estimates

SAN ANTONIO, Feb. 16, 2021 (GLOBE NEWSWIRE) --   Rackspace Technology TM (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced today that it has been selected as the CloudHealth by VMware Global Partner of the Year.

Rackspace Technology Named the CloudHealth Global Partner of the Year

SAN ANTONIO, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the results and solution details of its successful collaboration with HiMed Solutions to implement cloud-based record keeping for patients.

News for Rackspace Technology, Inc. Stock (RXT)