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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Shares of RackSpace Technology Inc. RXT, -3.65% rallied more than 15% in the extended session Wednesday after the cloud-computing company beat Wall Street expectations for its adjusted quarterly profit and sales also topped views. RackSpace lost $214 million, or $1.01 a share, in the fourth quarter, compared with a loss of $83 million, or 39 cents a share, in the fourth quarter of 2021.

RackSpace stock jumps 15% after earnings beat

SAN ANTONIO, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its fourth quarter and year ended December 31, 2022.

Rackspace Technology Reports Fourth Quarter and Full Year 2022 Results

A faster and more responsive technology backbone enables data-empowered farming for the world's largest fresh multi-berry producer

Rackspace Technology Boosts Efficiency and Enables Optimized Data Management on VMware Private Cloud for Reiter Affiliated Companies

SAN ANTONIO, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT)— a leading end-to-end, multicloud technology solutions company, today announced that it will release its fourth quarter 2022 financial results after the market closes on Wednesday, February 22, 2023. Amar Maletira, Chief Executive Officer, and Bobby Molu, Chief Financial Officer, will host a conference call on the day of the release (February 22, 2023) at 5:00 PM ET to discuss the Company's financial results.

Rackspace Technology to Announce Fourth Quarter 2022 Earnings on Wednesday, February 22, 2023

Partnership will Accelerate Saudi Arabia's Digital Transformation Journey and Help Achieve Vision 2030 Partnership will Accelerate Saudi Arabia's Digital Transformation Journey and Help Achieve Vision 2030

Saudi Data and AI Authority (SDAIA) and Rackspace Technology Sign Memorandum of Understanding

SAN ANTONIO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced that CRN ® , a brand of The Channel Company, has named Rackspace Technology to its annual Cloud 100 list. This list honors the 100 Coolest Cloud Companies for 2023 across five key categories: infrastructure, monitoring and management, storage, software, and security.

UPDATE: CRN Recognizes Rackspace Technology as a Cloud 100 Company for 2023

CRN Recognizes Rackspace Technology as a Cloud 100 Company for 2023

SAN ANTONIO, Jan. 24, 2023 (GLOBE NEWSWIRE) -- As organizations look ahead to an uncertain 2023, Rackspace Technology (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, predicts that the continued evolution of cloud strategies, the adoption of more sophisticated data management models and the commoditization of artificial intelligence (AI) will be among the key trends driving companies' IT agendas.

Multicloud Evolution, Strategic Data Practices, and Commoditization of AI Among Key Trends to Watch in 2023, According to Rackspace Technology

There are strong secular trends supporting Rackspace Technology's long-term growth. RXT's strong customer relationship leads to efficient GTM model.

Rackspace Technology: To Wait For More Information On Reorg Before Investing

As businesses continue to shift from internally managed data centers to the cloud, Rackspace Technology provides targeted solutions for private cloud workloads As businesses continue to shift from internally managed data centers to the cloud, Rackspace Technology provides targeted solutions for private cloud workloads

Rackspace Technology Announces SDDC Enterprise, Business, and Flex to Help Organizations Manage Private Cloud Workloads and Meet Strategic Goals

Expanded long-term 360-degree relationship includes services and solutions that drive customer value, innovation, and sales opportunities while strengthening go-to-market relationship Expanded long-term 360-degree relationship includes services and solutions that drive customer value, innovation, and sales opportunities while strengthening go-to-market relationship

Rackspace Technology Announces Rapid Global Expansion of Services and Solutions for Google Cloud

Addition to Executive Management Team comes as multicloud solutions company kicks off 2023 with new strategy and operating model to drive transformation and growth Addition to Executive Management Team comes as multicloud solutions company kicks off 2023 with new strategy and operating model to drive transformation and growth

Rackspace Technology Taps Industry Veteran Brian Lillie as President, Private Cloud Business

Service offering will provide customers across AWS, Azure and GCP a 24x7 Unified Support Model Service offering will provide customers across AWS, Azure and GCP a 24x7 Unified Support Model

Rackspace Technology Launches Modern Operations, A New Managed Service Offering for Public Cloud

New York, New York--(Newsfile Corp. - January 7, 2023) - 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.

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

Cloud computing giant Rackspace has confirmed hackers accessed customer data during last month's ransomware attack. The attack, which Rackspace first confirmed on December 6, impacted the company's hosted Exchange email environment, forcing the web giant to shut down the hosted email service following the incident.

Rackspace says hackers accessed customer data during December ransomware attack

NEW YORK , Jan. 4, 2023 /PRNewswire/ -- 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.

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

Rackspace says it is nearing completion of its investigation into the incident, which has caused email problems for thousands of customers.

Rackspace Ransomware Outage Continues Nearly 2 Weeks After It Started

Incident Contained and Limited to Hosted Exchange Email Business, Representing Approximately 1% of Total Annual Revenue Incident Contained and Limited to Hosted Exchange Email Business, Representing Approximately 1% of Total Annual Revenue

Update on Recent Cybersecurity Incident

Cloud computing giant Rackspace has confirmed that it has been hit by ransomware attack that has left a number of its customers without access to email. Rackspace's hosted Microsoft Exchange service started experiencing problems on Friday last week.

Rackspace blames ransomware attack for ongoing Exchange outage

Shares of Rackspace Inc. RXT, -1.59% were off 1.6% in Tuesday morning trading to build on sharp declines experienced during Monday's session, in the wake of a security incident that the cloud-computing company disclosed over the weekend. Rackspace offered an update in a Tuesday morning release, announcing that the issue affecting its Hosted Exchange environment came as the result of a ransomware incident.

Rackspace stock extends declines as company says ransomware incident may lead to lost revenue

Thousands of customers who rely on the company to host their Microsoft Exchange accounts have been without service since late last week. It isn't clear when the issue will be fixed.

Rackspace Blames Ransomware Attack For Ongoing Email Outage

Some of Microsoft's (NASDAQ: MSFT ) email users are probably not too pleased with what's happened this past weekend. On Dec. 2, Rackspace Technology (NASDAQ: RXT ) identified an issue affecting the company's Hosted Exchange environments.

Rackspace (RXT) Stock Falls Following ‘Security Incident'

Shares of Rackspace Technology Inc. RXT, -8.87% were off 8% in Monday morning trading as the cloud-computing company continued to provide information about a security issue that has impacted the company's Hosted Exchange environment. Rackspace disclosed early Saturday that it proactively powered down that environment after discovering an issue, which it determined to be a "security incident.

Rackspace stock falls after company discloses 'security incident'

SAN ANTONIO, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to-end, multicloud technology solutions company, today announced that Onica by Rackspace Technology, the cloud services-focused business group, announced today that it has achieved the Amazon Web Service (AWS) Service Delivery designation for AWS Glue. The AWS Glue Service Delivery designation recognizes that Onica by Rackspace Technology has proven success in helping customers discover consulting partners who have the expertise to deliver AWS Glue for data integration, pipeline, and catalogue use cases.

Onica by Rackspace Technology Achieves the AWS Service Delivery Designation for AWS Glue

Visit the Onica by Rackspace Technology re:Invent booth 244 for “Knights of AI” hands-on, interactive computer vision demonstration Visit the Onica by Rackspace Technology re:Invent booth 244 for “Knights of AI” hands-on, interactive computer vision demonstration

News for Rackspace Technology, Inc. Stock (RXT)