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. (RXT) delivers cutting-edge managed cloud and IT solutions, empowering businesses to navigate complex digital transformations. This page provides real-time access to official announcements and strategic developments from the company.
Investors and industry professionals will find curated updates on RXT's operational milestones, including cloud infrastructure innovations, strategic partnerships, and financial performance. Track announcements about AI-driven service expansions, security enhancements, and open-source initiatives that shape the company's market leadership.
Content spans earnings disclosures, technology deployments, executive insights, and customer success stories. All materials are sourced directly from RXT to ensure accuracy and timeliness.
Bookmark this page for streamlined monitoring of Rackspace Technology's evolving role in hybrid cloud ecosystem optimization and enterprise IT modernization.
Rackspace Technology (NASDAQ: RXT) reported a ransomware incident impacting its Hosted Exchange services, leading to disruptions for affected customers. The company has engaged a cyber defense firm to investigate, and immediate steps were taken to contain the issue. Rackspace believes the incident is isolated to its Hosted Exchange business, which generates approximately $30 million annually. While other services remain operational, the incident may result in revenue losses and additional costs as Rackspace works to migrate customers and enhance security measures.
Rackspace Technology (NASDAQ: RXT) announced that its cloud services division, Onica, has achieved the AWS Glue Service Delivery designation. This recognition validates Onica's ability to assist customers with data integration, utilizing AWS Glue for analytics and application development. The AWS Glue service enables customers to discover, prepare, and analyze data effectively. Onica's proprietary DataOps framework enhances data processing and accessibility for businesses, further cementing its position in the cloud technology landscape.
Rackspace Technology (NASDAQ: RXT) is showcasing its interactive AI demonstration, “Knights of AI”, at booth 244 during AWS re:Invent in Las Vegas from November 29 to December 1, 2022. This hands-on demonstration highlights the integration of serverless and AI/ML technologies. Celebrating 11 years as an AWS Premier Consulting Partner, Rackspace also has planned activities like GameDay and breakout sessions. Attendees can follow updates via LinkedIn and view the demonstration video online.
Rackspace Technology (NASDAQ: RXT) announced it will host an AWS re:Invent breakout session titled "Ready, Set, Innovate: Building for the Future", on December 1, 2022. The event will feature industry leaders from Innovyze, who will discuss the transformation of its desktop product into the SaaS platform Info360. This platform aids in managing water systems and ensuring clean drinking water. Rackspace is celebrating 11 years as an AWS Premier Consulting Partner and will have several activities at the expo in Las Vegas.
Rackspace Technology, in collaboration with NatureSweet and the San Antonio Food Bank, will distribute food to over 500 households in San Antonio on November 19, 2022. This marks the 17th year of partnership with the food bank, highlighting its commitment to supporting vulnerable families. The distribution event will take place at Rackspace headquarters starting at 9:00 am. The initiative underscores the company's dedication to community service, as expressed by Holly Windham, the Chief Legal and People Officer.
Rackspace Technology announces the appointment of Bobby Molu as Chief Financial Officer effective January 16, 2023. Molu, previously CFO at Mastercard for International Markets, brings over two decades of financial leadership experience in the technology sector. His strong operational background is expected to drive Rackspace's transformation strategy, enhancing its position in the multicloud market. This leadership change follows Amar Maletira's promotion to CEO in September 2022.
Abu Dhabi Global Market (ADGM) has formed a partnership with Rackspace Technology (NASDAQ: RXT) to advance multiple strategic technology initiatives. Rackspace will assist ADGM in transitioning to cloud computing and developing a unified data platform. This shift aims to enhance operational efficiency and establish a secure technology infrastructure for advanced analytics and AI. ADGM's Director of Technology Services emphasized the importance of this collaboration in sustaining growth and innovation, while Rackspace's GM noted the project's potential to bolster regional economic vitality.
Rackspace Technology (NASDAQ: RXT) hosted the Cloud Talk Live Cybersecurity Summit 2022 on October 25, 2022, in San Antonio, Texas. The summit included discussions with CISOs from Rackspace, iHeartRadio, and Cloudflare, attracting over 500 participants globally. Key insights emphasized the importance of conveying the value of security to leadership, utilizing real-life security incidents for improvement, and incorporating security early in development cycles. Industry leaders highlighted the necessity for ongoing investment in AI-driven security technologies to combat increasingly sophisticated cyber threats.
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