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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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

Become a “Knight of AI” by Joining Rackspace Technology at AWS re:Invent

Rackspace Technology customer Innovyze to discuss transforming its desktop product to a purpose-built SaaS platform, Info360 Rackspace Technology customer Innovyze to discuss transforming its desktop product to a purpose-built SaaS platform, Info360

Join Rackspace Technology at AWS re:Invent Breakout Session: Ready, Set, Innovate: Building for the Future

Increased Investment in Cloud Projects at the Top of IT Priority List; Market for Talent Remains Tight Increased Investment in Cloud Projects at the Top of IT Priority List; Market for Talent Remains Tight

No Sign of Slowdown in Corporate IT Investment, Despite Economic Headwinds and Inflation, According to Rackspace Technology Survey: Managing IT in Challenging Economic Times

The company enhanced its global delivery capabilities and integration of strategic solutions across the entire Microsoft suite, allowing it to help customers on their transformation cloud journey The company enhanced its global delivery capabilities and integration of strategic solutions across the entire Microsoft suite, allowing it to help customers on their transformation cloud journey

Rackspace Technology Earns Five New Microsoft Solutions Partner Designations for Data & AI, Digital & App Innovation, Infrastructure, Modern Work, and Security

500 Households Will Be Served For Thanksgiving 500 Households Will Be Served For Thanksgiving

Rackspace Technology and NatureSweet Host 17th Annual Food Distribution

New CFO with Strong Operational Background to Help Drive the Tech Company's Transformation New CFO with Strong Operational Background to Help Drive the Tech Company's Transformation

Rackspace Technology Hires Bobby Molu as New Chief Financial Officer

ABU DHABI, United Arab Emirates, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Abu Dhabi Global Market (ADGM), a leading international financial centre located in UAE's capital emirate announced today a partnership with Rackspace Technology ® (NASDAQ: RXT), to collaborate on a number of strategic technology initiatives.

Abu Dhabi Global Market and Rackspace Technology Collaborate to Expand and Accelerate ADGM's Journey to Cloud

Onica by Rackspace Technology has exciting activities including GameDay, a fun, interactive in-booth experience, breakout sessions, theater presentations, and networking events Onica by Rackspace Technology has exciting activities including GameDay, a fun, interactive in-booth experience, breakout sessions, theater presentations, and networking events

Rackspace Technology Celebrates 11 Years of AWS re:Invent as an AWS Premier Consulting Partner and Platinum Sponsor

Experts Stress Importance of Investing in Cybersecurity Early in Development Cycle, Communication and AI-Driven Security Tools Experts Stress Importance of Investing in Cybersecurity Early in Development Cycle, Communication and AI-Driven Security Tools

Rackspace Technology Hosts Cloud Talk Live Cybersecurity Summit 2022 in San Antonio

The company delivered analyst-stumping Q3 results and tapped a new lead director with proven experience in setting up buyouts.

Why Rackspace Technology Stock Skyrocketed on Thursday

Rackspace Technology, Inc. (NASDAQ:RXT ) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Robert Watson - Vice President, Corporate Finance Amar Maletira - Chief Executive Officer Conference Call Participants Kevin McVeigh - Credit Suisse Amit Daryanani - Evercore Tien-Tsin Huang - JPMorgan Operator Good afternoon and thank you for standing by. Welcome to Rackspace Technologies Third Quarter 2022 Earnings Conference Call.

Rackspace Technology, Inc. (RXT) Q3 2022 Earnings Call Transcript

Rackspace (RXT) delivered earnings and revenue surprises of 11.11% and 1.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Rackspace (RXT) Tops Q3 Earnings and Revenue Estimates

SAN ANTONIO, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its third quarter ended September 30, 2022.

Rackspace Technology Reports Third Quarter 2022 Results

SAN ANTONIO, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Shashank Samant as the Lead Director of its Board of Directors, effective as of November 9, 2022.

Shashank Samant Appointed as the Lead Director of Rackspace Technology

SAN ANTONIO, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) today announced that it will release its third quarter 2022 financial results after the market closes on Wednesday, November 9, 2022. Amar Maletira, Chief Executive Officer, will also host a conference call on the day of the release (November 9, 2022) at 5:00 PM ET to discuss the Company's financial results.

Rackspace Technology to Announce Third Quarter 2022 Earnings on Wednesday, November 9, 2022

Rackspace Technology Ranked as 77 Among 100 U.S. Companies Recognized for Employee Sentiment and Satisfaction Rackspace Technology Ranked as 77 Among 100 U.S. Companies Recognized for Employee Sentiment and Satisfaction

Rackspace Technology Named to Newsweek's List of the Top 100 Most Loved Workplaces for 2022

Investors need to pay close attention to Rackspace Technology (RXT) stock based on the movements in the options market lately.

News for Rackspace Technology, Inc. Stock (RXT)