Rackspace Technology (RXT) Stock News

Rackspace Technology (NASDAQ: RXT) has received approval from the Science Based Targets Initiative (SBTi) for its emissions reduction goals. The company has committed to ambitious targets including cutting emissions by 50% by 2032 and 90% by 2045 to achieve net-zero carbon emissions.

Currently powering 80% of its global data centers with renewable energy, Rackspace is working towards reaching 100% through strategic partnerships. The company's Workload Aware Modernization program helps customers reduce their cloud carbon footprint by identifying wasted resources and improving infrastructure efficiency.

This initiative comes as global data center energy consumption is expected to more than double by 2030, with AI being a major driver of demand.

Rackspace Technology (NASDAQ: RXT), a leading hybrid cloud and AI solutions provider, has scheduled its second quarter 2025 earnings release for August 7, 2025, after market close. The company will host a conference call at 5:00 PM ET on the same day, featuring CEO Amar Maletira and CFO Mark Marino, who will discuss the financial results.

Investors can access the conference call through a live webcast on Rackspace's IR website or by pre-registering for a dial-in number. Registered participants will receive access credentials to join the live call.

Rackspace Technology (NASDAQ: RXT) has announced the launch of its FAIR Model Context Protocol (MCP) Enterprise Accelerator on the AWS Marketplace's new 'AI Agents & Tools' category. The solution enables customers to deploy AI-driven solutions and Agentic AI Professional Services through AWS marketplace.

The FAIR MCP Enterprise Accelerator on Amazon Bedrock offers 70% reduction in legacy application integration for AI Agents and features enterprise-grade infrastructure, including pre-configured server templates, zero-trust architecture, and end-to-end encryption. The solution helps organizations build multi-agent architectures with advanced reasoning, memory retention, and multimodal data processing capabilities.

Rackspace Technology (NASDAQ: RXT) has launched Rackspace OpenStack Business, a new dedicated private cloud solution designed for organizations running mission-critical or regulated workloads. This fully-managed, open-source platform delivers enhanced security, improved performance, and complete operational support without infrastructure management burden.

Building on the success of Rackspace OpenStack Flex introduced in 2024, the new solution offers dedicated OpenStack infrastructure with key benefits including rapid deployment, predictable performance, cost efficiency, and 24x7x365 expert support. The platform works seamlessly with OpenStack Flex, providing a stable foundation for steady-state workloads while enabling rapid scaling during peak demand.

Rackspace Technology (NASDAQ: RXT) has announced a strategic partnership with Sema4.ai to launch the industry's first scalable enterprise AI agent solution. The collaboration combines Rackspace's FAIR services and application management expertise with Sema4's SAFE AI Agent Platform. According to Rackspace's research, while most organizations are interested in AI adoption, only 24% have successfully scaled AI agents in production. The solution enables businesses to deploy custom AI agents across functions like HR, finance, customer support, sales, and operations with built-in security and governance protocols. Sema4's SAFE platform features decentralized, federated agents that can operate independently or collaboratively, automate high-value tasks, and interpret standard operating procedures without complex prompt engineering. The partnership aims to bridge the gap between AI experimentation and full-scale enterprise transformation.

Rackspace Technology's new global study reveals a significant gap in AI adoption among enterprises, with only 13% classified as 'AI Leaders'. These leaders are achieving 3x higher scaling rates and seeing double the ROI compared to peers. The study shows average business AI investment surged 250% from $2.5M in 2024 to $8.7M in 2025, with 83% planning increased investments over five years. AI Leaders report 64% substantial benefits versus 32% for others, with 95% achieving strategic alignment. Key findings show 90% prioritize customer experience and productivity as top AI use cases, while cybersecurity emerges as the most transformative AI application. Despite growth, 68% still struggle with AI scalability, and 71% emphasize infrastructure investment importance. The research, covering 1,420 IT decision-makers across various sectors, indicates AI Leaders are widening their competitive advantage, with 87% viewing AI as a fundamental business driver.

Rackspace Technology (NASDAQ: RXT) has been awarded two prestigious regional Global Alliances Partner of the Year Awards by Dell Technologies for 2025. The company received the Global Alliances EMEA Innovation Partner of the Year and Global Alliances Americas Marketing Partner of the Year awards, highlighting their excellence in innovation and marketing across different regions.

The recognition emphasizes Rackspace's customer-centric approach and its strong 20+ year partnership with Dell Technologies. Together, they provide solutions for private cloud, data modernization, and AI adoption while maintaining compliance, performance, and security at scale. Adrianna Bustamante, VP of Global Partnerships and Demand Gen at Rackspace, emphasized how these awards reflect their global culture of collaboration, innovation, and customer success.

Rackspace Technology (RXT) and Rubrik (RBRK) have announced the Rackspace Cyber Recovery Service, a new managed service for public cloud customers. This service combines Rubrik's data protection and cyber recovery solutions with Rackspace's DevOps expertise to enhance enterprise cyber resilience. The solution enables critical business workloads to be restored within hours through immutable backups, zero-trust architecture, and Infrastructure as Code. The service addresses growing challenges in public cloud environments, particularly relevant as 90% of global IT and security executives reported cyber attacks last year. Key features include proactive protection through continuous anomaly detection, expert management of backup configurations, cloud infrastructure management, and improved compliance support. The solution implements Recovery as Code principles, delivering rapid, repeatable, and auditable workflows aligned with modern DevOps practices. The service begins with a professional services-led transformation and transitions into a fully managed 'Day 2' service, ensuring continuous validation and operational readiness.

Rackspace Technology (RXT) has successfully completed the migration of the Housing Authority of the City of Austin's (HACA) technology infrastructure to Microsoft Azure and Microsoft 365. The migration significantly improves HACA's operational resilience, business continuity, and security capabilities.

HACA, which serves low-income families with housing services and manages assistance programs, previously relied on on-premises technology and open-source tools. After experiencing critical downtime during a severe winter storm in 2021, HACA partnered with Rackspace to transition to a cloud-based environment. The migration involved 373 users and over 3.7 TB of data, resulting in enhanced disaster recovery capabilities and a stronger cybersecurity posture.