Welcome to our dedicated page for Rackspace Technology news (Ticker: RXT), a resource for investors and traders seeking the latest updates and insights on Rackspace Technology stock.
Rackspace Technology, Inc. reports developments tied to its hybrid cloud, multicloud, and enterprise AI solutions business. Company updates commonly cover Private Cloud and Public Cloud performance, managed services, professional services, security and compliance offerings, and customer cloud environments across major platforms including AWS, Microsoft Azure, and Google Cloud.
Rackspace news also includes partnerships and product initiatives for governed enterprise AI infrastructure, sovereign cloud services, cyber recovery, data migration, and managed operations for regulated or mission-critical workloads. Recurring corporate updates include quarterly results, earnings-call schedules, leadership appointments, and changes within the company's cloud business units.
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.
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Rackspace Technology (NASDAQ: RXT) announced its achievement of the Amazon Web Services (AWS) Cloud Operations Competency in Cloud Governance and Cloud Financial Management. This recognition highlights Rackspace's ability to assist clients in building efficient, secure, and scalable cloud operations. As part of the AWS Partner Network, Rackspace provides validated solutions across five key areas: Cloud Financial Management, Governance, Monitoring, Compliance, and Operations Management. The competency allows customers to identify AWS Partners with proven expertise. Notably, Rackspace partnered with JobTarget to create a scalable AWS infrastructure, leading to JobTarget's business growing 100% in 2021 and doubling in 2022. This partnership emphasizes Rackspace's commitment to helping clients optimize their cloud investments and accelerate innovation.
Rackspace Technology (NASDAQ: RXT) announced a successful collaboration with the CNWL NHS Foundation Trust to enhance healthcare service delivery through advanced multicloud technology solutions. The partnership led to a 15% to 18% reduction in costs and improved patient data security. With over 300 services and 8,500 staff, CNWL transitioned from legacy systems to a modern multicloud environment, optimizing operations and response times. Innovations include a digital auditing app and QR codes for medication instructions. This digital transformation underscores the NHS's commitment to cloud integration, promising greater agility in meeting healthcare demands.
Rackspace Technology (NASDAQ: RXT) has formed a multi-year enterprise agreement with Braze to bolster growth and innovation for Braze's customer engagement platform. This agreement aims to enhance cost predictability and economies of scale for Braze while providing Rackspace with the capacity for long-term investments.
Braze has utilized Rackspace's ObjectRocket to manage MongoDB databases, ensuring high availability and disaster recovery. This partnership reflects a deep collaboration, demonstrating Rackspace's commitment to addressing Braze's business needs.
Rackspace Technology (NASDAQ: RXT) has partnered with inPhronesis to enhance its email infrastructure and knowledge management portal using Microsoft 365. This integration is crucial for the biomedical software firm, which serves over 3,500 professionals in the pharmaceutical sector. The partnership aims to streamline operations while ensuring SOC 2 compliance, enhancing data security, and optimizing endpoint management through Microsoft Intune. InPhronesis's software, inVision, plays a pivotal role in delivering real-time insights into the biomedical industry. This collaboration positions inPhronesis to better serve its clients and attract new business opportunities.