Rackspace Technology, Inc. Stock Price, News & Analysis

Rackspace Technology (NASDAQ: RXT) launched Rackspace AI launchpad on November 12, 2025, a secure managed service to help enterprises evaluate, pilot and deploy AI workloads.

The service uses Rackspace AI Anywhere private cloud, offers managed GPU infrastructure powered by NVIDIA GPUs, Kubernetes and preinstalled AI/ML frameworks, onboarding support, and is deployable in third-party or co-location data centers. Rackspace describes a phased path: proof of concept, pilot, and production. A Compass healthcare case study reported an 80% reduction in manual review time after moving AI workloads from pilot to production.

Rackspace Technology (Nasdaq: RXT) reported Q3 2025 revenue of $671 million, down 1% year‑over‑year. Private cloud revenue was $250 million (down 3% reported, 4% constant currency) and public cloud revenue was $422 million (up 1%). GAAP loss from operations improved to $(34) million from $(174) million a year earlier; net loss was $(67) million vs. $(187) million. Non‑GAAP operating profit remained $32 million. Q3 cash flow from operations was $71 million, cash and equivalents were $100 million, and total liquidity was $386 million. Q4 2025 guidance: revenue $664–$678 million and non‑GAAP operating profit $32–$34 million.

Rackspace Technology (NYSE:RXT) released its 2025 Sustainability Report highlighting validated near-term and long-term GHG targets by SBTi, a 10% total emissions reduction from 2023 to 2024, and strengthened carbon accounting with third-party audits. Key outcomes include an 80% facility emissions cut from headquarters relocation, 20% drop in Scope 1 & 2, a 9% Scope 3 reduction, 28.4% of data center electricity matched via PPAs/RECs in 2024, and a long-term net-zero goal with residual neutralization by 2045. The report also highlights efficiency gains, circular IT policy, donations, workforce certifications, and $8M+ raised for education.

Rackspace Technology (NASDAQ: RXT) announced it will release third quarter 2025 financial results after market close on Thursday, November 6, 2025.

CEO Gajen Kandiah and CFO Mark Marino will host a conference call on November 6, 2025 at 5:00 PM ET to discuss the results. Investors can listen via live webcast or replay at the company's investor relations site and must pre-register to receive dial-in and PIN details for the live call.

Total Wine & More (RXT) partnered with Rackspace Technology to advance a strategic multicloud digital transformation on Oct. 15, 2025. The retailer adopted Microsoft Azure and Google Cloud for different workloads and selected Rackspace managed services for unified support.

Key solutions include Rackspace Elastic Engineering for inventory modernization and Azure backend migration, Rackspace DBA Services for ecommerce database reliability, and Rackspace Optimizer+ which helped reduce cloud costs by 20% year-to-date. Total Wine operates 284 superstores across 29 states, and the partnership aims to scale operations, improve cost efficiency, and accelerate innovation.

Rackspace Technology (NASDAQ: RXT) has achieved the Amazon Web Services (AWS) Automotive Competency, demonstrating its expertise in supporting automotive companies with cloud transformation solutions. This recognition comes after five years of intensive work with OEMs and Tier 1 suppliers globally.

The company recently showcased its capabilities by helping a major German automotive OEM modernize its shopfloor IT infrastructure on AWS, implementing an event-driven data pipeline for real-time machinery data monitoring and preparing for Industry 4.0 initiatives.

Rackspace Technology (NASDAQ: RXT) has granted inducement equity awards to its new Chief Executive Officer, Gajen Kandiah. The compensation package includes 4,000,000 restricted stock units (RSUs) and options to purchase 6,000,000 shares at $1.30 per share.

The stock options have a ten-year term, and both RSUs and options will vest equally over four years from 2026 to 2029, contingent on Kandiah's continued employment. The awards were granted outside the company's standard equity incentive plan and were approved by independent board members in compliance with Nasdaq Listing Rule 5635(c)(4).

Rackspace Technology (NASDAQ: RXT) has appointed Gajen Kandiah as its new Chief Executive Officer, effective September 3, 2025. Kandiah, who previously served as President and COO of Hitachi Digital and CEO of Hitachi Vantara, brings extensive experience in services, infrastructure, software, and AI.

The leadership change aims to advance Rackspace's AI-first multicloud strategy, focusing on delivering governed multicloud operations for AI and data workloads. Former CEO Amar Maletira will transition to Vice Chairman of the Board. Notably, during Kandiah's 16-year tenure at Cognizant, he helped grow the business from $368 Million to over $16 Billion.

Under Kandiah's leadership, Rackspace will prioritize platform innovation in cloud management and private AI, strengthen cloud partnerships, and enhance execution across operations.

Rackspace Technology (NYSE:RXT) has announced a strategic "Better Together" partnership with SMPL-C to streamline CMMC compliance for government contractors. The partnership, delivered through Rackspace Technology Government Solutions, combines SMPL-C's AI-powered compliance automation platform with Rackspace's secure, CMMC-authorized cloud infrastructure.

The collaboration aims to help commercial enterprises meet Cybersecurity Maturity Model Certification (CMMC) requirements by integrating SMPL-C's intelligent documentation and workflow engine with Rackspace's infrastructure and advisory services. Key benefits include accelerated CMMC readiness, secure cloud hosting across AWS and Azure, contracting agility, and continuous guidance through Rackspace's Elastic Engineering for Security.