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.

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The QX online Partner Portal is for game developers and publishers to stream, process, and analyze events for offering rewards and incentives to gamers The QX online Partner Portal is for game developers and publishers to stream, process, and analyze events for offering rewards and incentives to gamers

acQyr eXchange (QX) Strategically Engages Rackspace Technology to Evolve the Public Exchange for Gamer Rewards

Shares of multicloud services provider Rackspace Technology, Inc. have fallen over 55% from their IPO price owing to concerns over operating margins. The company is undergoing a transition from higher-margin legacy businesses to lower-margin but faster-growing and less operating expense-intensive managed public cloud service business.

Rackspace Technology: Deep In Busted IPO Territory

Dedicated pod of experts operates as an extension of internal teams, leveraging the National Institute of Standards and Technology's Five Essential Cloud Characteristics Dedicated pod of experts operates as an extension of internal teams, leveraging the National Institute of Standards and Technology's Five Essential Cloud Characteristics

Rackspace Technology Answers Government Cloud Professionals' Needs with Rackspace Elastic Engineering for Government

Organizations Exploring More Sophisticated Cloud Technologies, But are Hampered by Skill Shortages Organizations Exploring More Sophisticated Cloud Technologies, But are Hampered by Skill Shortages

Global IT Leaders Wrestling with Cloud Transformation Talent Shortages, According to New Rackspace Technology Research

Rackspace Technology, Inc. (NASDAQ:RXT ) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Corporate Participants Kevin Jones - Chief Executive Officer Amar Maletira - President and Chief Financial Officer Conference Call Participants Bryan Keane - Deutsche Bank Ramsey El-Assal - Barclays Frank Louthan - Raymond James Bradley Clark - BMO Capital Matt Roswell - RBC Capital Markets Operator Good afternoon, and welcome to Rackspace Technology's First Quarter 2022 Earnings Conference Call. As a reminder, today's call is being recorded.

Rackspace Technology, Inc. (RXT) CEO Kevin Jones on Q1 2022 Results - Earnings Call Transcript

Rackspace (RXT) delivered earnings and revenue surprises of 4.76% and 0.06%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Rackspace (RXT) Tops Q1 Earnings and Revenue Estimates

The "multi-cloud technology" company said a strategic review concluded the sum of its parts might be worth more than its public market valuation.

Rackspace Is for Sale. Again.

SAN ANTONIO, May 10, 2022 (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, 2022.

Rackspace Technology Reports First Quarter 2022 Results; Company Evaluating Strategic Alternatives

Provides customers with the ability to leverage the power of NVIDIA DGX AI platform, free of in-house infrastructure management Provides customers with the ability to leverage the power of NVIDIA DGX AI platform, free of in-house infrastructure management

Rackspace Technology Joins NVIDIA DGX-Ready Managed Services Program

Award Recognizes Partners for Growing Long-Term Customer-Partner Relationships and Increasing Customer Satisfaction Award Recognizes Partners for Growing Long-Term Customer-Partner Relationships and Increasing Customer Satisfaction

Rackspace Technology Named Winner of North America VMware 2022 Partner Lifecycle Services Award

SAN ANTONIO, April 18, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) today announced that it will release its first quarter 2022 financial results after the market closes on Tuesday, May 10, 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 (May 10, 2022) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows:

Rackspace Technology to Announce First Quarter 2022 Earnings on Tuesday, May 10, 2022

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SAN ANTONIO, April 12, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has received the 2022 Malaysia and Singapore Microsoft Managed Partner Awards for Global Partner Solutions.

Rackspace Technology Wins 2022 Malaysia and Singapore Microsoft Managed Partner Awards for Global Partner Solutions

Here's the key news that's taking investors in Rackspace Technology and RXT stock on a bearish ride on a mixed day in the markets today. The post Why Is Rackspace Technology (RXT) Stock Down Today?

Why Is Rackspace Technology (RXT) Stock Down Today?

Shares of Rackspace Technology Inc. RXT, +0.55% dropped 3.0% in premarket trading Friday, after the cloud services company was downgraded by Oppenheimer analyst Timothy Horan, who said increased macro headwinds and "very high debt" warrants caution. Horan cut his rating to perform, after being at outperform since January 2021, and removed his $18 stock price target.

Rackspace stock falls after Oppenheimer cuts rating, removes price target

SAN ANTONIO--(BUSINESS WIRE)--Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced a strategic partnership with Cohesity, a leader in next-gen data management, to deliver multicloud managed backup and recovery solutions for Rackspace Technology customers globally. Under the partnership, Rackspace Technology will offer customers Rackspace Data Protection, a high-performance, software-defined Cohesity-Powered backup and recovery servi

Rackspace Technology and Cohesity Partner to Offer Comprehensive Data Protection to Boost Business Resiliency Against Ransomware

SAN ANTONIO, April 06, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced enhancements to its strategic partnership with Akamai Technologies, Inc. (NASDAQ: AKAM), the world's most trusted solution to power and protect digital experiences, to offer global businesses consultative services to help secure their applications and APIs.

Rackspace and Akamai Partner to Bring Enterprise Level Application Security to Small and Mid-Sized Businesses

The end-to-end multi-cloud solutions expert makes a difference as a Google Cloud Partner, demonstrating its capabilities and experience in delivering future-ready cloud solutions The end-to-end multi-cloud solutions expert makes a difference as a Google Cloud Partner, demonstrating its capabilities and experience in delivering future-ready cloud solutions

Rackspace Technology Renews Its Google Cloud Managed Services Provider (MSP) Designation for Latin America

SAN ANTONIO, March 30, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced insurance solution provider Auto & General Southeast Asia (SEA) increased site speed by 60%, optimized application performance, and enhanced security of its cloud infrastructure by deploying Rackspace Managed Services on Cloudflare.

Auto & General Southeast Asia Increased Site Speed by 60% with Rackspace Technology and Cloudflare

SAN ANTONIO, March 24, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, hybrid architecture technology solutions company and an Amazon Web Services (AWS) Premier Consulting Partner with 15 competencies and 2,700+ certifications, today announced the company has obtained its 13th service delivery designation. The Amazon QuickSight service validation is part of the Rackspace Technology Data, Analytics, and Machine Learning practice and adds to the dozen other designations already attained. Qualification for the program requires passing service-specific verification of customer references and a technical review on behalf of AWS, affording customers confidence that they are working with AWS Partners who can offer the most up-to-date and relevant cloud solutions.

Rackspace Technology Awarded Amazon QuickSight Service Delivery Designation for AWS

New research by Rackspace Technology finds changes in technology for education during the pandemic will become permanent, including an increase in the use of video, AI, data analytics, and chatbots but only 13% feel very well equipped to deal with this change New research by Rackspace Technology finds changes in technology for education during the pandemic will become permanent, including an increase in the use of video, AI, data analytics, and chatbots but only 13% feel very well equipped to deal with this change

Pandemic leads to lasting change in teaching methods across European countries Rackspace Technology research reveals

LONDON, March 17, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud solutions company, has today announced that it is supporting BMG, the fourth biggest global music company in the world, with its migration to Google Cloud.

BMG accelerates Google Cloud migration with Rackspace Technology to meet data demands of music consumption boom

SAN ANTONIO, March 14, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced the company will host a Fireside Chat on “The Digital Transformation Revolution” with Jeff DeVerter, Chief Technology Evangelist for Rackspace Technology at the Apex National CIO, CTO, AI, ML Digital Transformation Virtual Summit. The Fireside Chat will explore how digital transformation is changing the way organizations operate and the impact on systems, processes, workflow, and culture.

Apex National CIO, CTO, AI, ML Digital Transformation Virtual Summit Fireside Chat: “The Digital Transformation Revolution” Hosted by Rackspace Technology and Chief Technology Evangelist Jeff DeVerter

SAN ANTONIO, March 10, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced a revitalized Technical Career Track (TCT) program intended to provide technical team members a path into senior roles. The program amplifies the technical team member's voice as thought leaders, bridging across technologies and teams, to create one technical voice and advancement for top technical talent.

Rackspace Technology Launches Technical Career Track Program

$10,000 investment prevented a potential $250,000 issue and provides utilities and downstream industrial users easy access to data to help prevent equipment failures and more reliable delivery $10,000 investment prevented a potential $250,000 issue and provides utilities and downstream industrial users easy access to data to help prevent equipment failures and more reliable delivery

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