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 Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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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Panel to discuss Digital Enterprise: Version 2030 topic on May 16, 2023 Panel to discuss Digital Enterprise: Version 2030 topic on May 16, 2023

Rackspace Technology CEO Amar Maletira to Speak at 20th Annual MIT Sloan CIO Symposium

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Rackspace Technology, Inc. (NASDAQ:RXT ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Robert Watson - VP, Corporate Finance Amar Maletira - CEO Bobby Molu - CFO Conference Call Participants Frank Louthan - Raymond James Kevin McVeigh - Credit Suisse Puneet Jain - JP Morgan Brad Clark - Bank of Montreal Operator Good afternoon and thank you for standing by. Welcome to Rackspace Technology's First Quarter 2023 Earnings Conference Call.

Rackspace Technology, Inc. (RXT) Q1 2023 Earnings Call Transcript

Rackspace (RXT) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.22 per share a year ago.

Rackspace (RXT) Reports Q1 Loss, Tops Revenue Estimates

SAN ANTONIO, May 09, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its first quarter ended March 31, 2023.

Rackspace Technology Reports First Quarter 2023 Results

SAN ANTONIO, May 09, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Betsy Atkins and Tony Scott to its board of directors, effective June 16, 2023. Dhiren Fonseca, who has served on the board since 2016, will step down to focus on other commitments also effective June 16, 2023.

Rackspace Technology Appoints Leading Technology Executives Betsy Atkins and Tony Scott to Board of Directors

Today, we circle back on Rackspace Technology, Inc., a once-promising cloud concern that has fallen on hard times. The company recently had a 'kitchen sink' quarter which contained numerous charges and write downs.

Rackspace Technology: Everything But The 'Kitchen Sink'

Nonprofit Organization Showcases Early Movers in Advancing Global Sustainability Through Technology Leadership Nonprofit Organization Showcases Early Movers in Advancing Global Sustainability Through Technology Leadership

SustainableIT.org Announces Rackspace Technology CTO Srini Koushik as Honoree of Inaugural Impact Awards for Technology Contributions to ESG Initiatives

SYDNEY, Australia, April 17, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), the leading end-to-end multicloud technology solution company, today announced the results of its successful partnership with Connexion Telematics (ASX: CXZ) (“Connexion”), a world-class developer of enterprise Software as a Service solutions for the global automotive industry.

Connexion Telematics Partners with Rackspace Technology to Improve Customer Journeys

HTCE, deemed "the smartest square km in Europe," comprises an ecosystem of nearly 300 tech companies and is home to more than 12,500 innovators, researchers, and engineers HTCE, deemed "the smartest square km in Europe," comprises an ecosystem of nearly 300 tech companies and is home to more than 12,500 innovators, researchers, and engineers

Rackspace Technology Becomes First Multicloud Service Provider to Develop Partnership Agreement with HTCE's AI Innovation Center

SAN ANTONIO, April 10, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to-end, multi-cloud technology solutions company, today announced the appointments of Kellie Teal-Guess as Chief Human Resources Officer and Michael Bross as Chief Legal Officer.

Rackspace Technology Taps Kellie Teal-Guess as Chief Human Resources Officer and Michael Bross as Chief Legal Officer

Award Recognizes Rackspace Technology's Outstanding Customer Experiences and Strengthening of Customer-Partner Relationships Award Recognizes Rackspace Technology's Outstanding Customer Experiences and Strengthening of Customer-Partner Relationships

Rackspace Technology Named Winner of VMware 2023 Lifecycle Services Award for the Americas Region

The UK healthcare NHS trust modernized technological capabilities resulting in greater patient data security and a reduction in costs by 15% to 18% The UK healthcare NHS trust modernized technological capabilities resulting in greater patient data security and a reduction in costs by 15% to 18%

Rackspace Technology Leveraged a Combination of Public, Private, and Government Cloud Solutions for CNWL NHS Foundation Trust to Expand its Service Capabilities while Safeguarding Sensitive Data

The strategic agreement will support growth and innovation for Braze's expanding geographical footprint The strategic agreement will support growth and innovation for Braze's expanding geographical footprint

Braze Expands Partnership with Rackspace Technology Through Multi-Year Agreement Supporting Future Growth and Innovation

With Microsoft 365, inPhronesis, manages the data and intelligence that drives the management of pharmaceutical companies With Microsoft 365, inPhronesis, manages the data and intelligence that drives the management of pharmaceutical companies

Rackspace Technology Works with Biomedical Software Company inPhronesis to Modernize Email Infrastructure and Optimize its Knowledge Management Portal

SAN ANTONIO, March 28, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that Srini Koushik, Rackspace Technology Executive Vice President and Chief Technology Officer has been inducted into the CIO Hall of Fame and received the Global Ohio CIO ORBIE® Award for organizations over $1 billion annual revenue and multi-national operations.

Rackspace Technology Chief Technology Officer Srini Koushik Inducted into CIO Hall of Fame and Awarded Global Ohio CIO ORBIE

SAN ANTONIO, March 27, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has received the 2023 Singapore Microsoft Intelligent Data Platform, Data & AI Partner of the Year Award. This is the sixth consecutive year that the company has received the award in Singapore.

Rackspace Technology Wins 2023 Microsoft Singapore Partner of the Year Award

The award program honors forward-thinking employers for their unwavering commitment to employee engagement The award program honors forward-thinking employers for their unwavering commitment to employee engagement

Rackspace Technology Recognized as one of the Achievers 50 Most Engaged Workplaces® of 2023

Financial services firm moved its entire core business to the cloud and gained flexibility and the ability to create VMs instantly Financial services firm moved its entire core business to the cloud and gained flexibility and the ability to create VMs instantly

Rackspace Technology Supports Ohio National Chile IT Migration to the Cloud

Rackspace Technology Recognized for Breakthrough 15 Leaderboard Positions for Global, Americas and EMEA and Sourcing Standout 8th Consecutive Quarter Rackspace Technology Recognized for Breakthrough 15 Leaderboard Positions for Global, Americas and EMEA and Sourcing Standout 8th Consecutive Quarter

Rackspace Technology Named a Top 15 Sourcing Standout by ISG

Despite internal pushback to adoption, more organizations cite AI/ML as a high priority for solving critical business challenges Despite internal pushback to adoption, more organizations cite AI/ML as a high priority for solving critical business challenges

Amid Economic Uncertainty, New Rackspace Technology Survey Finds Organizations Turning to Artificial Intelligence and Machine Learning Technologies to Do More

SINGAPORE, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud solutions company today announced its partnership with global financial intelligence services company, Moody's Analytics. The partnership aimed to help Moody's Analytics manage datasets involving 400 million firms to empower the financial firm to improve their existing risk profile offering and bring new competitive services to their clients.

Rackspace Technology Works with Moody's Analytics to Analyze Data from 400 million Firms and Deliver Improved Risk Profile Offerings and Products

Wall Street cheered improving sales and earnings trends.

Why Rackspace Technology Stock Jumped on Thursday

Rackspace Technology, Inc. (NASDAQ:RXT ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Robert Watson - VP, Corporate Finance Amar Maletira - CEO Bobby Molu - CFO Conference Call Participants Kevin McVeigh - Credit Suisse Ashwin Shirvaikar - Barclays Frank Louthan - Raymond James Brendan Biles - JPMorgan James Breen - William Blair Bradley Clark - BMO Capital Markets Operator Good afternoon and thank you for standing by. Welcome to Rackspace Technology's Fourth Quarter 2022 Earnings Conference Call.

Rackspace Technology, Inc. (RXT) Q4 2022 Earnings Call Transcript

Rackspace (RXT) delivered earnings and revenue surprises of 0% and 1.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Rackspace Technology, Inc. Stock (RXT)