Rackspace Technology, Inc. Stock Price, News & Analysis

Rackspace Technology (NASDAQ: RXT) will announce its Q1 2023 financial results on May 9, 2023, after market close. The conference call featuring CEO Amar Maletira and CFO Bobby Molu will take place at 5:00 PM ET on the same day. Interested listeners can access the call via toll-free and international numbers provided in the release. Rackspace Technology is recognized for offering comprehensive multicloud solutions, enhancing customer cloud environments across various technology platforms. The emphasis of their offerings includes designing, building, and operating cloud infrastructures tailored to customer needs.

Rackspace Technology (NASDAQ: RXT) announced a successful partnership with Connexion Telematics to enhance its software development capabilities in the automotive industry. This collaboration focuses on strengthening Connexion's observability and CICV pipeline, allowing for seamless code deployment into production. Connexion faced challenges in recruiting cloud technology talent, prompting them to seek Rackspace's expertise. The partnership has enabled Connexion to streamline development processes and maintain its growth trajectory, with Rackspace providing critical technical support.

Connexion's OnTRAC platform is utilized by General Motors for its Courtesy Transportation Program. The partnership aims to help Connexion scale its Software as a Service solutions efficiently in a competitive market.

Rackspace Technology (NASDAQ: RXT) has achieved the Amazon Web Services (AWS) Manufacturing and Industrial Competency, recognizing Onica by Rackspace Technology for its capabilities in delivering professional services and software for the manufacturing sector. As companies transition to the cloud, they require expertise from validated AWS partners to support their digital transformation. This competency highlights Rackspace's technical proficiency and successful customer outcomes in running AWS cloud solutions. This recognition is based on rigorous validation and customer references, showcasing Rackspace's commitment to helping clients leverage AWS's flexibility and innovation. Additionally, Rackspace collaborated with Century Engineering to enhance the SmartSWM™ product, improving stormwater management through IoT integration on AWS.

Rackspace Technology (NASDAQ: RXT) has established a partnership with the AI Innovation Center at the High Tech Campus Eindhoven (HTCE), recognized as the "smartest square km in Europe." This collaboration aims to enhance AI knowledge and drive projects in the Brainport Eindhoven region, home to nearly 300 tech firms and over 12,500 innovators. The partnership will focus on raising AI expertise, fostering the tech ecosystem, and facilitating AI adoption among local organizations. The first events under this partnership are set for May 9, 2023, including a business breakfast and a technical AWS Gameday session. The AI Innovation Center supports AI application development, with notable partners like Philips and NXP.

Rackspace Technology (NASDAQ: RXT) announced key executive appointments on April 10, 2023, welcoming Kellie Teal-Guess as Chief Human Resources Officer and Michael Bross as Chief Legal Officer. Both executives bring extensive experience, with Teal-Guess having over 30 years in Global Human Resources, previously serving at Cynosure and CyrusOne. Bross, a 16-year veteran at Rackspace, transitions from interim Chief Legal Officer and has a background with Datapipe. These appointments are aimed at strengthening Rackspace's leadership as the company seeks to capitalize on the multicloud market opportunities. CEO Amar Maletira emphasized the importance of these roles for driving company strategy and enhancing the Racker culture.