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. (NASDAQ: RXT) is a Software – Infrastructure company that describes itself as an end-to-end hybrid cloud, multicloud, and AI solutions provider. The RXT news feed on Stock Titan aggregates company announcements, press releases, and third-party coverage that explain how Rackspace designs, builds, and operates cloud environments across major technology platforms.
News about Rackspace Technology often highlights developments in hybrid and multicloud services, AI-focused offerings, and partnerships with major cloud providers. Recent announcements have covered topics such as the launch of Rackspace AI launchpad, a managed service to help organizations evaluate, pilot, and deploy AI workloads, and the use of Rackspace AI Anywhere as a private cloud foundation for secure AI and machine learning capabilities. Other stories describe customer projects involving rapid migration of business-critical workloads to public cloud platforms and multicloud strategies that span providers like Microsoft Azure and Google Cloud.
Investors and technology professionals can also follow updates on certifications, awards, and industry recognitions. Rackspace Technology has reported achievements including VMware Sovereign Cloud certification for its UK Sovereign Services, an AWS Collaboration Partner of the Year award, and the AWS Automotive Competency, as well as leadership positions in the ISG Provider Lens™ Multi Public Cloud Services Report. Leadership changes, board updates, and financial results are typically announced through press releases and related SEC filings.
By monitoring this RXT news page, readers can review how Rackspace Technology communicates its progress in hybrid cloud, AI, data, and security services, along with examples of customer engagements in sectors such as automotive, retail, healthcare, financial services, and the public sector.
Rackspace Technology Global, Inc. (NASDAQ: RXT) is set to announce its second quarter 2020 financial results on August 31, 2020, after market close. CEO Kevin Jones and CFO Dustin Semach will lead a conference call at 5:00 pm ET to discuss these results. Investors can participate by calling 1-877-407-4018 domestically or 1-201-689-8471 internationally. A live webcast will also be available on the company’s website. An audio replay will be accessible shortly after the call until September 14, 2020.
Rackspace Technology (NASDAQ: RXT) has partnered with Big Ass Fans to enhance their IoT infrastructure using AWS services. This collaboration focuses on delivering efficient, secure, and cost-effective solutions. Onica, a subsidiary of Rackspace, conducted an AWS Well Architected Review, identifying improvements for operational efficiency and cost management. Big Ass Fans now benefits from a transformed IoT infrastructure, allowing for a monthly release schedule of applications and updates, enhancing stability and performance.
Rackspace Technology (NASDAQ:RXT) announced a tender offer to buy up to $600 million of its 8.625% Senior Notes due 2024, totaling approximately $1.12 billion outstanding. The offer is detailed in the Offer to Purchase dated August 12, 2020. Holders who tender their notes by August 25, 2020, are eligible for a total consideration of $1,057.50 per $1,000 principal amount, which includes an early tender payment of $30. Notes that are tendered after this date will receive a lower consideration. The offer expires on September 9, 2020.
On Aug. 11, 2020, Rackspace Technology (NASDAQ: RXT) announced its partnership with Humber College to enhance digital infrastructure amid the COVID-19 pandemic. This collaboration enables over 30,000 students to access academic resources remotely, utilizing Amazon AppStream 2.0 for streamlined application deployment. The project, completed in just 10 business days, aims to reduce costs and improve accessibility through a secure Bring Your Own Device model. Humber College's transition supports both students and staff, providing a flexible remote learning environment essential for future education.
Rackspace Technology has announced that Aramex is migrating from on-premise data centers to Amazon Web Services (AWS) after a detailed Professional Services consultation. Aramex, which handled over 103 million shipments last year, is transitioning to cloud operations, achieving significant cost savings during a spike in e-commerce due to the pandemic. This collaboration aims to modernize over 60 applications, enhancing Aramex’s agility and innovative capabilities. The partnership underscores the benefits of cloud migration and digital transformation in logistics and supply chain sectors.