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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With threat landscape evolving at a rapid pace, modernizing security needs to be a key component of digital transformation strategies With threat landscape evolving at a rapid pace, modernizing security needs to be a key component of digital transformation strategies

Rackspace Technology Highlights Evolution of Cloud Security for National Cybersecurity Awareness Month

LONDON, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, welcomes the launch of AWS Middle East (UAE) Region, which will support the acceleration of innovation and digital transformation in the United Arab Emirates (UAE). The new AWS Middle East (UAE) Region consists of three Availability Zones (AZs) and becomes AWS's second region in the Middle East with the existing AWS Region in Bahrain, launched in 2019. The new AWS Region gives organizations even greater choice for running their applications and serving end users from data centers located in the UAE, using advanced AWS technologies to drive innovation.

Rackspace Technology Welcomes Launch of New AWS Middle East Region in the UAE

Rackspace Technology Inc. RXT, -1.78% on Monday named chief financial officer Amar Maletira as chief executive officer of the company, which is majority owned by Apollo Global Management Inc. APO, -3.71% . Kevin Jones, who has been in the role of CEO for three-and-a-half years, will become an operating advisor with Apollo.

Apollo-backed Rackspace promotes CFO to CEO

SAN ANTONIO, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading cloud technology solutions company, today announced the appointment of Amar Maletira as Chief Executive Officer. Mr. Maletira, who has served as Rackspace Technology's President and Chief Financial Officer since November 2020, has assumed responsibilities effective immediately.

Amar Maletira Named Chief Executive Officer of Rackspace Technology

Customer Experience Transformation Supported by Rackspace Managed Cloud Services Customer Experience Transformation Supported by Rackspace Managed Cloud Services

Rackspace Technology Brings the Benefits of Private Cloud to Hoteles City

Rackspace Commended for Providing Integrated Security Solutions That Improve Resilience, Increases Threat Detection and Remediation Rackspace Commended for Providing Integrated Security Solutions That Improve Resilience, Increases Threat Detection and Remediation

Rackspace Technology Named a Leader by ISG Research in Cybersecurity Solutions and Services U.S. Report

Despite Increased Investment and C-Suite Attention, Most Organizations are Less Than Fully Prepared to Address Major Threats, Cloud Security a Leading Priority Despite Increased Investment and C-Suite Attention, Most Organizations are Less Than Fully Prepared to Address Major Threats, Cloud Security a Leading Priority

Cybersecurity is Leading Business Concern for IT Leaders, Ahead of Inflation, Supply Chain and Talent, According to a Rackspace Technology Research

SAN ANTONIO, Sept. 08, 2022 (GLOBE NEWSWIRE) --  Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced that it has launched a multi-million dollar program – Rackspace Accelerated Migration Program (Rackspace AMP). The industry leading program is designed to help customers move their applications from on-premises or colocation facilities into the private cloud. In addition to financial assistance, the program provides dedicated technical expertise, giving customers who are running workloads on virtual machines (VMs) or bare metal compute better cost efficiency and improved resiliency versus the public cloud.

Rackspace Launches Multi-Million Dollar Accelerated Migration Program to Move Customers to the Private Cloud

SAN ANTONIO, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, announced it has enabled early adoption of AWS cloud services for Precia, a regional provider of valuation solutions and financial portfolio management, by innovating and spearheading the adoption of the AWS cloud services.

Rackspace Technology Cloud Services Enables Early Adoption of AWS Cloud Services for Precia to innovate and Spearhead Valuation Methodologies

SAN ANTONIO, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, a leading end-to-end multicloud technology services company, will be showcasing a wide array of cloud solutions and services at VMware Explore, taking place August 29-September 1 at the Moscone Center in San Francisco.

MEDIA ADVISORY: Rackspace to Showcase Transformative Cloud Solutions at VMware Explore

SAN ANTONIO, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, announced today the launch of Beyond Clouds, a new global marketing campaign to educate C-Level decision makers on the company's process of modernizing applications, data and security solutions for better business outcomes.

Rackspace Technology Launches Beyond Clouds Campaign Emphasizing Its Services Capabilities and Targeting C-Level Decision Makers

SAN ANTONIO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), the leader in end-to-end multicloud solutions, today announced that the company has been recognized as a leader in the 2022 ISG Provider Lens – Microsoft Ecosystems Partners US Report Azure MSP Quadrant.

Rackspace Technology has been named a Leader in the 2022 ISG Provider Lens – Microsoft Ecosystems Partners US Report Azure MSP Quadrant

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Rackspace Technology, Inc. (RXT) recently announced its Q2 2022 financial results. These are the details.

Rackspace Technology (RXT) Q2 2022 Earnings Highlights

The company said it wrapped up a strategic review and decided to go it alone. Two analysts cut their ratings.

Rackspace Slides as Profits Miss Estimates. The Company Is No Longer for Sale.

The company appears to have wrapped up a strategic review and decided to go it alone, Wall Street has concluded. Two analysts cut their ratings.

Rackspace Shares Slides as Earnings Miss Estimates

SAN ANTONIO, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), the leader in end-to-end multicloud solutions, today announced that Konesh ®, a company that provides managed services for accounting and tax procedures, selected Rackspace Technology to develop its cloud services infrastructure.

Rackspace Technology Enables Konesh Mission Critical Operation for Certified Accounting and Tax Management

Rackspace Technology, Inc. (NASDAQ:RXT ) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Robert Watson - Vice President. Corporate Finance.

Rackspace Technology, Inc. (RXT) CEO Kevin Jones on Q2 2022 Results - Earnings Call Transcript

Rackspace (RXT) delivered earnings and revenue surprises of 6.25% and 1.59%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Rackspace (RXT) Q2 Earnings Surpass Estimates

SAN ANTONIO, Aug. 09, 2022 (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, 2022.

Rackspace Technology Reports Second Quarter 2022 Results

LONDON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), the leader in end-to-end multicloud solutions, today announced it has achieved Qualified Security Assessor Company (QSAC) status for the Payment Card Industry Data Security Standard (PCI DSS) across EMEA (referred to as Europe and CEMEA by the PCI SSC).

Rackspace Technology becomes a Qualified Security Assessor Company with the Payment Card Industry Security Standards Council in EMEA

SAN ANTONIO, July 27, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced it has been named a leader in the U.S. ISG Provider Lens™ Google Cloud Partner Ecosystem – Managed Services 2022 and the U.S. ISG Provider Lens™ Google Cloud Partner Ecosystem – Implementation and Integration Services 2022 due to the company's product portfolio and competitive strategies.

Rackspace Technology Ranked as a Leader in Two ISG Provider Lens™ Google Cloud Partner Ecosystem U.S. Reports

SAN ANTONIO, July 20, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced the appointment of the technology industry veteran Dharmendra (D K) Sinha as President, Public Cloud Business Unit effective immediately. D K's arrival comes after the company recently announced it was considering reorganizing Rackspace Technology across the public and private cloud markets to accelerate growth in both segments as it executes its strategy to be the leading pure-play multicloud solutions company.

Rackspace Technology Taps Industry Veteran Dharmendra (D K) Sinha as President, Public Cloud Business Unit

SAN ANTONIO, July 20, 2022 (GLOBE NEWSWIRE) --  Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has been upgraded to a GOLD partnership with Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications. This partnership enables Rackspace Technology to leverage the Datadog platform to provide a suite of observability services to diagnose problems in application environments and minimize the impact of business-disrupting events on customers' operations.

Rackspace Technology Announces GOLD Partnership with Datadog to Diagnose Problems in Application Environments

SAN ANTONIO, Texas, July 18, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) today announced that it will release its second quarter 2022 financial results after the market closes on Tuesday, August 9, 2022. Kevin Jones, Chief Executive Officer, and Amar Maletira, President and Chief Financial Officer, will also host a conference call on the day of the release (August 9, 2022) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows:

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