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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Earnings data Q3 2024

Earnings data Q4 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.

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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New offering integrates hybrid cloud information in a centralized location to improve observability, licensing efficiency, and security monitoring across workloads New offering integrates hybrid cloud information in a centralized location to improve observability, licensing efficiency, and security monitoring across workloads

Rackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud Deployments

Rackspace (RXT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Rackspace (RXT) Shows Fast-paced Momentum But Is Still a Bargain Stock

Robust design and migration demonstrate Rackspace's Epic subject matter expertise, private cloud leadership, and innovation

Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine States

Leading digital transformation agency strengthens its position in the government services sector with Rackspace Sovereign Government Cloud collaboration Leading digital transformation agency strengthens its position in the government services sector with Rackspace Sovereign Government Cloud collaboration

JBi Digital chooses Rackspace Sovereign Government Cloud for its pursuit of new customers in the UK government services sector

Rackspace (RXT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago.

Rackspace (RXT) Reports Q3 Loss, Tops Revenue Estimates

Rackspace Technology, Inc. (NASDAQ:RXT ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Sagar Hebbar - Head of Investor Relations Amar Maletira - President, Chief Executive Officer & Director Mark Marino - Executive Vice President & Chief Financial Officer Conference Call Participants Kevin McVeigh - UBS Operator Good day, and thank you for standing by. Welcome to the Rackspace Third Quarter 2024 Earnings Webcast.

Rackspace Technology, Inc. (RXT) Q3 2024 Earnings Call Transcript

SAN ANTONIO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its third quarter ended September 30, 2024.

Rackspace Technology Reports Third Quarter 2024 Results

SAN ANTONIO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading hybrid, multicloud, and AI technology services company, announced today that it will work with Amazon Web Services (AWS), an Amazon.com, Inc. company, as part of the company's new Generative AI Partner Innovation Alliance. The Generative AI Partner Innovation Alliance will help scale and expand the reach of the AWS Generative AI Innovation Center (GenAIIC) - a program that helps AWS customers successfully build and deploy generative AI solutions.

Rackspace Technology Joins AWS Generative AI Partner Innovation Alliance

GPUaaS provides customers on-demand access to powerful accelerated resources for AI, machine learning, data analytics, and graphics rendering workloads GPUaaS provides customers on-demand access to powerful accelerated resources for AI, machine learning, data analytics, and graphics rendering workloads

Rackspace Technology Launches On-Demand GPU-as-a-Service Powered by NVIDIA Accelerated Computing

Agreement enhances existing collaboration aligned to business outcomes by delivering full-stack cloud and AI services globally Agreement enhances existing collaboration aligned to business outcomes by delivering full-stack cloud and AI services globally

Rackspace Technology Signs Multi-Year, Strategic Collaboration Agreement with AWS to Deliver Accelerated Digital Transformation for Customers

Rackspace empowers small and medium-sized businesses with customized AWS solutions to accelerate growth and innovation Rackspace empowers small and medium-sized businesses with customized AWS solutions to accelerate growth and innovation

Rackspace Technology Achieves AWS Small and Medium Business Competency

SAN ANTONIO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ®  (NASDAQ: RXT)— a leading hybrid, multicloud, and AI solutions company, today announced that it will release its third quarter 2024 financial results after the market closes on Tuesday, November 12, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (November 12, 2024) at 5:00 PM ET to discuss the Company's financial results.

Rackspace Technology to Announce Third Quarter 2024 Earnings on November 12, 2024

Rackspace is noted for offering one of the most mature technologies and talent assets Rackspace is noted for offering one of the most mature technologies and talent assets

Rackspace Technology Positioned as a Leader in Four Categories of 2024 ISG Provider Lens™ AWS Ecosystem Partners Report

Offer includes all-encompassing services including migration planning, landing zone, migration, and Day Two Cloud Operations with 24x7x365 monitoring and incident response Offer includes all-encompassing services including migration planning, landing zone, migration, and Day Two Cloud Operations with 24x7x365 monitoring and incident response

Rackspace Technology Announces Offer to Drive Rapid Migrations to AWS

Rackspace Lab Services merges Broadcom VMware Lab Platform and Rackspace SDDC Flex for a cutting-edge cloud solution to transform organizations worldwide Rackspace Lab Services merges Broadcom VMware Lab Platform and Rackspace SDDC Flex for a cutting-edge cloud solution to transform organizations worldwide

Rackspace Introduces On-demand Software as a Service to Seamlessly Simulate Complex Environments

Rackspace achieves strategic cost-savings for TrueData, resulting in improved business outcomes Rackspace achieves strategic cost-savings for TrueData, resulting in improved business outcomes

Rackspace Technology Helps TrueData Achieve Cloud Cost Reduction on AWS

Rackspace Technology Inc (NASDAQ:RXT ) Q2 2024 Results Conference Call August 8, 2024 5:00 PM ET Company Participants Sagar Hebbar - Head of Investor Relations Amar Maletira - President, CEO & Director Mark Marino - Executive VP & CFO Conference Call Participants Frank Louthan - Raymond James Kevin McVeigh - UBS Ryan Campbell - Research Analyst Operator Thank you for standing by. My name is Prilla, and I will be your conference operator today.

Rackspace Technology Inc (RXT) Q2 2024 Earnings Call Transcript

Rackspace (RXT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.06 per share a year ago.

Rackspace (RXT) Reports Q2 Loss, Tops Revenue Estimates

SAN ANTONIO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its second quarter ended June 30, 2024.

Rackspace Technology Reports Second Quarter 2024 Results

SAN ANTONIO, July 22, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ®  (NASDAQ: RXT)— the leading end-to-end, hybrid multicloud, and AI solutions company, today announced that it will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (August 8, 2024) at 5:00 PM EDT to discuss the Company's financial results.

Rackspace Technology to Announce Second Quarter 2024 Earnings August 8, 2024

The accounts payable automation solutions company proves it can accelerate time to value for customers by 50% with AI The accounts payable automation solutions company proves it can accelerate time to value for customers by 50% with AI

Basware chooses Foundry for AI by Rackspace to Simplify Coding of Proprietary Data Integration Processing Language

SAN ANTONIO, July 09, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced that it has been named a Major Player in the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment (Doc #US51406224, June 2024).

Rackspace Technology Named a Major Player in IDC MarketScape for Worldwide Cloud Professional Services

Alliance Combines Access to Rapid Development via Low-Code Platform with Access to Managed Support on Public and Private Clouds Alliance Combines Access to Rapid Development via Low-Code Platform with Access to Managed Support on Public and Private Clouds

Rackspace Technology and Mendix Partnership Demonstrates Commitment to Leveraging Innovative Technologies to Transform Businesses and New Growth Opportunities for Customers

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Designation awarded for providing top-tier services in infrastructure, IT performance, application and service management, cybersecurity, data management, and process optimization Designation awarded for providing top-tier services in infrastructure, IT performance, application and service management, cybersecurity, data management, and process optimization

Rackspace Technology Recognized as a Leader in Frost Radar: Healthcare Enterprise Cloud Managed Services Providers, 2024 for Growth Potential and Innovation in Healthcare Enterprise

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