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 and Rubrik have announced a strategic partnership to launch Rackspace Cyber Recovery Cloud, a fully managed isolated recovery service designed to combat rising ransomware threats. The solution combines Rubrik's data protection software with Rackspace's hybrid cloud expertise to enable business recovery within hours instead of weeks following cyber attacks.
The partnership addresses critical market needs as 92% of ransomware victims face data encryption and 60% experience data theft. The service offers an air-gapped platform for recovering mission-critical workloads, particularly beneficial for regulated industries like banking, financial services, insurance, and healthcare.
Key features include backup replication, isolated recovery environments, and comprehensive services such as Cyber Recovery Readiness Assessment and Cloud On-Boarding. The solution aims to provide organizations with enhanced cyber resilience and business continuity through rapid, secure workload restoration in a clean environment.
Rackspace Technology (NASDAQ: RXT) has scheduled its first quarter 2025 earnings release for Thursday, May 8, 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.
Interested parties can access the conference call through two methods: via webcast on Rackspace's IR website or through a pre-registered dial-in system. The webcast and replay will be available at ir.rackspace.com/news-and-events/events-and-presentations.
Rackspace Technology (NASDAQ: RXT) has launched OpenStack Flex, a new enterprise-grade multi-tenant Infrastructure-as-a-Service (IaaS) cloud solution. The service, built on OpenStack software which Rackspace co-created with NASA, offers 24x7 expert support and fully monitored infrastructure.
Key features include:
- High availability and fault tolerance
- Cost-efficient license-free platform
- Integrated orchestration for operating systems, VMs, and containers
- Enhanced security and compliance measures
- Scalable infrastructure capabilities
According to IDC Research Director Rob Tiffany, over 80% of cloud buyers plan to modernize their cloud estate, with nearly 90% already operating or deploying hybrid cloud solutions. The platform aims to address modernization demands while preventing vendor lock-in and improving hybrid-cloud effectiveness.
Rackspace Technology (NASDAQ: RXT) has unveiled Rackspace AI Business, a comprehensive AI-optimized hybrid cloud platform designed for enterprises with AI training and inferencing needs. The platform, announced on March 25, 2025, combines advanced private cloud infrastructure powered by Dell Servers and NVIDIA GPUs with enterprise-grade security features.
The solution addresses key challenges in AI deployment and scaling, offering specialized infrastructure for:
- Distributed training with multi-GPU and multi-node capabilities
- Scalable inferencing for real-time predictions
- Fine-tuning capabilities for pre-trained models
Developed in collaboration with the Foundry for AI by Rackspace (FAIR™), this fully managed private cloud solution aims to accelerate time-to-value while maintaining security and compliance standards for enterprise operations.
Rackspace Technology (NASDAQ: RXT) has partnered with Domino's Pizza UK & Ireland to enhance the pizza chain's digital capabilities through a robust hybrid cloud environment. This infrastructure supports Domino's expanding network of approximately 1,400 stores with plans to grow to over 1,600 locations.
Domino's has transformed from a traditional takeaway business into a technology-driven enterprise, with most sales flowing through digital channels and nearly six million active customers using their mobile application. The company worked with Rackspace to build a hybrid technology environment combining private cloud stability with the scalability of Microsoft Azure.
Key improvements include:
- Modernizing the e-commerce platform from monolithic architecture to microservices running on Azure Kubernetes Service
- Implementing Infrastructure-as-Code (IaC) practices for consistency across environments
- Deploying Microsoft Dynamics 365 to modernize supply chain and finance operations
The partnership, ongoing since 2011, has been particularly valuable during high-demand periods like the 2022 FIFA World Cup, enabling Domino's to handle significant traffic spikes while maintaining performance.
Rackspace Technology (RXT) reported Q4 2024 results with revenue of $686 million, down 5% year-over-year. Full-year 2024 revenue was $2,737 million, declining 7% from 2023. The company's Q4 performance exceeded guidance for revenue, operating profit, and EPS.
Q4 Private Cloud revenue decreased 6% to $269 million, while Public Cloud revenue fell 4% to $417 million. The company reported a Q4 net loss of $60 million, or $(0.26) per diluted share, compared to net income of $28 million in Q4 2023. Operating cash flow was $54 million in Q4.
For full-year 2024, the company recorded a net loss of $863 million, with Non-GAAP Operating Profit at $106 million, down 33% year-over-year. Despite revenue declines, bookings grew 14% year-over-year, achieving record-breaking quarterly sales bookings.
Rackspace Technology (NASDAQ: RXT) has announced a transformative 10-year, multi-million-dollar partnership with Seattle Children's Hospital to provide comprehensive managed cloud solutions. The agreement focuses on transforming the hospital's data center operations and modernizing infrastructure for clinical and non-clinical workloads through Rackspace's Healthcare Cloud.
Through Rackspace's Cost and Productivity Optimization (CPO) assessment framework, the partnership aims to streamline IT operations, phase out legacy technologies, and create a standardized managed services model across private and public clouds. Rackspace will manage Seattle Children's workloads on its private cloud and major platforms like Azure and AWS.
The implementation is expected to deliver enhanced agility, reliability, scalability, and security while significantly reducing IT costs. These savings will allow Seattle Children's to maintain focus on their core mission of enhancing patient care and advancing pediatric research initiatives.
Rackspace Technology (NASDAQ: RXT) has successfully partnered with Dealer eProcess (DEP) to enhance their digital capabilities on Google Cloud. DEP, a leading automotive digital agency founded in 2006, needed to scale its infrastructure to support growing customer demands across North America and Europe.
The collaboration resulted in implementing a comprehensive cloud solution leveraging various Google Cloud services, including managed instance groups (MIGs), Filestore, MemoryStore, Cloud SQL, and Cloud Load Balancing. The migration from private cloud to Google Cloud has enabled DEP to efficiently manage millions of monthly visitors through their flagship product, Everest, an AI-powered platform integrating websites, marketing, and retail tools.
The new infrastructure allows DEP to rapidly deploy resources, handle traffic spikes, and quickly onboard new customers, particularly when adding hundreds of websites simultaneously through OEM partnerships. The solution has significantly improved DEP's operational efficiency and scalability, supporting their 99% customer satisfaction rating.
Rackspace Technology (RXT) has partnered with Munster Technological University (MTU) to launch QCloud, Ireland's first quantum cloud computing hub on AWS. The platform connects 13 research institutes and supports 11 major quantum computing projects across Ireland. QCloud was developed to democratize access to quantum computing resources and launched in February 2024 with funding from the EOSC Future project.
The implementation includes a centralized platform providing quantum computing access to eight universities, featuring AWS Control Tower landing zone and custom quantum cost control dashboard for Amazon Braket. Since its launch, QCloud has supported 12 startups and established Ireland as a quantum research hub. MTU expects to double its research projects in the coming year.
Rackspace Technology (RXT) has partnered with American Logistics to develop a cloud-native AWS environment for non-emergency medical transportation (NEMT). The new platform replaces American Logistics' legacy systems with a modern, scalable solution designed to handle complex healthcare transportation requirements.
The implementation features an event-driven microservices model deployed across six domains in Amazon Elastic Kubernetes Service containers, utilizing Amazon DynamoDB for operational data and Amazon SNS for event handling. The solution includes automated workflows and Infrastructure as Code through Terraform, enabling streamlined cloud infrastructure management.
The modernized platform has enhanced American Logistics' operational efficiency by automatically processing business rules and eligibility verifications while improving issue resolution and member experiences. The system leverages comprehensive trip histories and streamlined workflows to better serve Medicare and Medicaid beneficiaries requiring transportation services.