Rackspace Technology, Inc. Stock Price, News & Analysis

Rackspace Technology (NASDAQ: RXT) has been awarded two prestigious regional Global Alliances Partner of the Year Awards by Dell Technologies for 2025. The company received the Global Alliances EMEA Innovation Partner of the Year and Global Alliances Americas Marketing Partner of the Year awards, highlighting their excellence in innovation and marketing across different regions.

The recognition emphasizes Rackspace's customer-centric approach and its strong 20+ year partnership with Dell Technologies. Together, they provide solutions for private cloud, data modernization, and AI adoption while maintaining compliance, performance, and security at scale. Adrianna Bustamante, VP of Global Partnerships and Demand Gen at Rackspace, emphasized how these awards reflect their global culture of collaboration, innovation, and customer success.

Rackspace Technology (RXT) has successfully completed the migration of the Housing Authority of the City of Austin's (HACA) technology infrastructure to Microsoft Azure and Microsoft 365. The migration significantly improves HACA's operational resilience, business continuity, and security capabilities.

HACA, which serves low-income families with housing services and manages assistance programs, previously relied on on-premises technology and open-source tools. After experiencing critical downtime during a severe winter storm in 2021, HACA partnered with Rackspace to transition to a cloud-based environment. The migration involved 373 users and over 3.7 TB of data, resulting in enhanced disaster recovery capabilities and a stronger cybersecurity posture.

Rackspace Technology and Rubrik have announced a strategic partnership to launch Rackspace Cyber Recovery Cloud, a fully managed isolated recovery service designed to combat rising ransomware threats. The solution combines Rubrik's data protection software with Rackspace's hybrid cloud expertise to enable business recovery within hours instead of weeks following cyber attacks.

The partnership addresses critical market needs as 92% of ransomware victims face data encryption and 60% experience data theft. The service offers an air-gapped platform for recovering mission-critical workloads, particularly beneficial for regulated industries like banking, financial services, insurance, and healthcare.

Key features include backup replication, isolated recovery environments, and comprehensive services such as Cyber Recovery Readiness Assessment and Cloud On-Boarding. The solution aims to provide organizations with enhanced cyber resilience and business continuity through rapid, secure workload restoration in a clean environment.

Rackspace Technology (NASDAQ: RXT) has scheduled its first quarter 2025 earnings release for Thursday, May 8, 2025, after market close. The company will host a conference call at 5:00 PM ET on the same day, featuring CEO Amar Maletira and CFO Mark Marino, who will discuss the financial results.

Interested parties can access the conference call through two methods: via webcast on Rackspace's IR website or through a pre-registered dial-in system. The webcast and replay will be available at ir.rackspace.com/news-and-events/events-and-presentations.

Rackspace Technology (NASDAQ: RXT) has launched OpenStack Flex, a new enterprise-grade multi-tenant Infrastructure-as-a-Service (IaaS) cloud solution. The service, built on OpenStack software which Rackspace co-created with NASA, offers 24x7 expert support and fully monitored infrastructure.

Key features include:

• High availability and fault tolerance
• Cost-efficient license-free platform
• Integrated orchestration for operating systems, VMs, and containers
• Enhanced security and compliance measures
• Scalable infrastructure capabilities

According to IDC Research Director Rob Tiffany, over 80% of cloud buyers plan to modernize their cloud estate, with nearly 90% already operating or deploying hybrid cloud solutions. The platform aims to address modernization demands while preventing vendor lock-in and improving hybrid-cloud effectiveness.

Rackspace Technology (NASDAQ: RXT) has unveiled Rackspace AI Business, a comprehensive AI-optimized hybrid cloud platform designed for enterprises with AI training and inferencing needs. The platform, announced on March 25, 2025, combines advanced private cloud infrastructure powered by Dell Servers and NVIDIA GPUs with enterprise-grade security features.

The solution addresses key challenges in AI deployment and scaling, offering specialized infrastructure for:

• Distributed training with multi-GPU and multi-node capabilities
• Scalable inferencing for real-time predictions
• Fine-tuning capabilities for pre-trained models

Developed in collaboration with the Foundry for AI by Rackspace (FAIR™), this fully managed private cloud solution aims to accelerate time-to-value while maintaining security and compliance standards for enterprise operations.

Rackspace Technology (NASDAQ: RXT) has partnered with Domino's Pizza UK & Ireland to enhance the pizza chain's digital capabilities through a robust hybrid cloud environment. This infrastructure supports Domino's expanding network of approximately 1,400 stores with plans to grow to over 1,600 locations.

Domino's has transformed from a traditional takeaway business into a technology-driven enterprise, with most sales flowing through digital channels and nearly six million active customers using their mobile application. The company worked with Rackspace to build a hybrid technology environment combining private cloud stability with the scalability of Microsoft Azure.

Key improvements include:

• Modernizing the e-commerce platform from monolithic architecture to microservices running on Azure Kubernetes Service
• Implementing Infrastructure-as-Code (IaC) practices for consistency across environments
• Deploying Microsoft Dynamics 365 to modernize supply chain and finance operations

The partnership, ongoing since 2011, has been particularly valuable during high-demand periods like the 2022 FIFA World Cup, enabling Domino's to handle significant traffic spikes while maintaining performance.