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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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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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

Learn how leading companies turned obstacles into opportunities Learn how leading companies turned obstacles into opportunities

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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2020 is looking a whole lot like 1999, as technology initial public offerings that made little or no money came out and rocketed higher.

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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.

Rackspace Technology, Along with University of California, Irvine, Scientific Systems, and Plan4Co Introduce New COVID-19 Forecasting Model

LONDON, Aug.  27, 2020  (GLOBE NEWSWIRE) --  Rackspace Technology™ (NASDAQ:RXT) has expanded its support and services for Eagle Eye, by migrating the retail SaaS technology firm's digital marketing platform, Eagle Eye AIR, to Google Cloud, resulting in a 30% improvement in speed for point of sales transactions.

Rackspace Technology and Google Cloud deliver retail sales and marketing efficiency for Eagle Eye

SAN ANTONIO, Aug.  26, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) (the “Company”) today announced the early tender results for its previously announced tender offer (the “Tender Offer”) to purchase for cash up to $600.0 million aggregate principal amount (the “Tender Cap”) of its approximately $1,120.2 million outstanding 8.625% Senior Notes due 2024 (the “Notes”).

Rackspace Technology Global Announces Early Tender Offer Results and Amendment to Tender Offer

SAN ANTONIO, Aug.  21, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology ™ (NASDAQ: RXT) today announced key developments resulting from its partnership with Pure Storage™ (NYSE: PSTG), initially launched in February 2019. The collaboration solidified Rackspace as the largest global Managed Service Provider member of the Pure Partner Program.

Rackspace Technology and Pure Storage Drive Multicloud Strategies for Customers

Enhancing Rackspace Technology’s comprehensive multicloud platform with AIOps

Rackspace Technology Announces Moogsoft AIOps Platform Integration into Rackspace Fabric

LONDON, Aug.  20, 2020  (GLOBE NEWSWIRE) -- Rackspace Technology™ migrated Central and North West London NHS Foundation Trust (CNWL)’s IT services to a private cloud environment, allowing for 10 times more staff to provide essential health services remotely ahead of the COVID-19 pandemic.               

Rackspace Technology upgrades Central and North West London NHS Foundation Trust’s operations providing essential health services remotely

78% of decision-makers report new concerns around budget or cost in the last three months 78% of decision-makers report new concerns around budget or cost in the last three months

Rackspace Technology Announces Results of Global Cloud Budget Survey, Uncovers the Hidden Complexities of IT Spend Management

New solution expedites contact center intelligence to enhance the customer experience New solution expedites contact center intelligence to enhance the customer experience

Onica, a Rackspace Technology Company, Introduces Contact Center Intelligence Solution Built on Amazon Web Services

Amazon

If a deal is ultimately reached, Amazon will own a chunk of a frequent business partner.

Report: Amazon in Discussions to Buy Minority Stake in Rackspace

Rackspace (RXT) news for Monday includes rumors of a possible investment from Amazon (AMZN) pushing RXT stock up higher.
The post Rackspace News: RXT Stock Jumping 12% on Amazon Rumors appeared first on InvestorPlace.

Rackspace News: RXT Stock Jumping 12% on Amazon Rumors

Shares of Rackspace climbed as much as 19% at one point this morning amid reports that Amazon is in talks for a potential investment in the cloud infrastructure and services company.

Amazon’s potential investment in Rackspace would link longtime players in the cloud

Rackspace Technology Inc (NASDAQ: RXT) shares are generating strong buying interest following an M&A speculation.

News for Rackspace Technology, Inc. Stock (RXT)