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) has launched its new solution, Rackspace Services for VMware Cloud, which offers a fully managed VMware experience with features like consumption-based pricing and self-service management. The solution is built on VMware Cloud Director technology and Dell EMC VxRail. It allows mixed tenancy options and provides rapid real-time deployment. The company emphasizes its collaboration with VMware to enhance customer experience and operational efficiency in the cloud.
Summary not available.
Rackspace Technology has announced a strategic investment in Platform9, a leading SaaS Managed Kubernetes provider, as part of their commitment to advancing multicloud solutions. The partnership aims to enhance product offerings and accelerate customer cloud journeys. The newly launched Rackspace Managed Platform for Kubernetes (MPK) addresses common challenges of deploying and managing applications across various clouds. This collaboration reflects the growing demand for efficient cloud-native solutions, facilitating improved delivery metrics and digital transformation for businesses.
Rackspace Technology (NASDAQ: RXT) will release its Q1 2021 financial results on May 10, 2021, after market close. CEO Kevin Jones and CFO Amar Maletira will host a conference call at 5:00 pm ET to discuss the results. Interested parties can join the call by dialing 1-877-300-8521 (domestic) or 1-412-317-6026 (international), and can also access a live webcast via the company’s website. An audio replay will be available for three hours post-call until May 24, 2021.
Rackspace Technology (NASDAQ: RXT) announced a partnership with Apria Healthcare to modernize its legacy IT infrastructure, achieving a 32% reduction in operating costs. The collaboration included consolidating and securing Apria's data center using Rackspace's Professional Services for Amazon Web Services and private cloud solutions. The upgrade led to enhanced efficiency, reduced space requirements from ten racks to one, and improved application performance. Apria's focus has shifted from IT maintenance to customer service, allowing it to better align its resources with revenue-generating activities.
On April 20, 2021, Rackspace Technology (NASDAQ: RXT) announced its achievement of the Amazon Web Services (AWS) Machine Learning Competency in the new Applied Artificial Intelligence and Machine Learning Operations (MLOps) categories. This recognition reflects Rackspace's expertise in developing and integrating ML solutions on AWS, enabling clients to leverage intelligent applications and improve efficiency. The company's innovative frameworks for automated ML processes have significantly improved client operations, including a 50% reduction in infrastructure costs for clients such as Brave Software and enhanced survey analysis for McChrystal Group.
Rackspace Technology (NASDAQ: RXT) has launched Rackspace Elastic Engineering, a new service model aimed at transforming cloud managed services. Unlike traditional fixed-scope solutions, this model offers customizable, on-demand access to dedicated cloud engineering teams, facilitating ongoing innovation and modernization. Supporting AWS, Microsoft Azure, and Google Cloud, the model enhances collaboration between customers and Rackspace engineers through dedicated teams called 'Pods'. The company aims to meet growing demands for agile, DevOps-oriented cloud solutions.
Rackspace Technology (NASDAQ: RXT) announced a collaboration with Brave Software, enhancing Brave's web browser efficiency and scalability. By leveraging AWS services, Rackspace helped Brave reduce infrastructure costs by 50% and streamline machine learning model deployment. Brave reported improved responsiveness to advertisers' needs due to this partnership. Rackspace holds the AWS Machine Learning Competency status, showcasing its expertise in cloud solutions tailored for machine learning applications.
Rackspace Technology (NASDAQ: RXT) will host a virtual roundtable on April 12 at 10:00 AM CT, titled What Your Cloud Strategy May Be Overlooking. Guest speaker Bill Martorelli from Forrester will address common misconceptions about cloud strategies and emphasize the importance of hybrid and multicloud environments. The discussion will cover the significance of selecting the right cloud technology for specific workloads, the role of private cloud, and the integration of serverless technologies. An expert panel will join Martorelli for further insights.
Rackspace Technology (NASDAQ: RXT) announced a collaboration with Blackline Safety Corp. to enhance software innovation and platform improvements. Blackline, a leader in gas detection and connected safety solutions, is leveraging Rackspace's expertise to upgrade its data streaming and processing infrastructure. This partnership aims to expedite the deployment of industrial contact tracing solutions while improving data integrity and client insights. The collaboration is anticipated to support Blackline's growth trajectory and address safety needs amid the ongoing pandemic.