Rackspace Technologies, Inc. (RXT) News
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RXT News Highlights
- RXT's 30 day story count now stands at 11.
- Over the past 21 days, the trend for RXT's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- ML, ROSE and AP are the most mentioned tickers in articles about RXT.
Latest RXT News From Around the Web
Below are the latest news stories about RACKSPACE TECHNOLOGY INC that investors may wish to consider to help them evaluate RXT as an investment opportunity.
Rackspace Technology Recognized as one of the Achievers 50 Most Engaged Workplaces® of 2023
The award program honors forward-thinking employers for their unwavering commitment to employee engagementSAN ANTONIO, March 15, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced its recognition as one of the 2023 Achievers 50 Most Engaged Workplaces®. In receiving this accolade, Rackspace Technology is recognized for their demonstrated leadership in leveraging innovative employee engagement and recognition
Rackspace Technology Supports Ohio National Chile IT Migration to the Cloud
Financial services firm moved its entire core business to the cloud and gained flexibility and the ability to create VMs instantlySAN ANTONIO, March 07, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced that supporting Ohio National Chile’s cloud transformation has resulted in accelerated creation of new products, cybersecurity, and cost reduction for the financial services firm. The Chile division of this finan
Rackspace Technology Named a Top 15 Sourcing Standout by ISG
Rackspace Technology Recognized for Breakthrough 15 Leaderboard Positions for Global, Americas and EMEA and Sourcing Standout 8th Consecutive QuarterSAN ANTONIO, March 01, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT)— a leading end-to-end, multicloud technology solutions company, today announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm, for the 8th consecutive quarter. Rackspace Techno
Amid Economic Uncertainty, New Rackspace Technology Survey Finds Organizations Turning to Artificial Intelligence and Machine Learning Technologies to Do More
Despite internal pushback to adoption, more organizations cite AI/ML as a high priority for solving critical business challenges Rackspace Technology Q1 2023 AI/ML Survey Amid Economic Uncertainty, New Rackspace Technology Survey Finds Organizations Turning to Artificial Intelligence and Machine Learning Technologies to Do More SAN ANTONIO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- A new survey of 1,420 global IT leaders by Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology
Rackspace Technology Works with Moody's Analytics to Analyze Data from 400 million Firms and Deliver Improved Risk Profile Offerings and Products
SINGAPORE, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud solutions company today announced its partnership with global financial intelligence services company, Moody's Analytics. The partnership aimed to help Moody's Analytics manage datasets involving 400 million firms to empower the financial firm to improve their existing risk profile offering and bring new competitive services to their clients. Moody's Analytics is a globally integrate
Rackspace Technology Full Year 2022 Earnings: EPS Misses Expectations
Rackspace Technology ( NASDAQ:RXT ) Full Year 2022 Results Key Financial Results Revenue: US$3.12b (up 3.7% from FY...
Why Rackspace Technology Stock Jumped on Thursday
Rackspace Technology (NASDAQ: RXT) shares jumped ahead of the market early Thursday, rising over 15% by 10:30 a.m. ET before settling to a 3% increase by the early afternoon. Rackspace's management team said late Wednesday that sales in Q4 rose 1% to $787 million, while non-GAAP (generally accepted accounting principles) operating profit fell 40% to $74 million.
Rackspace (RXT) Meets Q4 Earnings Estimates
Rackspace (RXT) delivered earnings and revenue surprises of 0% and 1.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Rackspace: Q4 Earnings Snapshot
SAN ANTONIO (AP) — Rackspace Technology, Inc. (RXT) on Wednesday reported a loss of $214 million in its fourth quarter. On a per-share basis, the San Antonio-based company said it had a loss of $1.01. The results matched Wall Street expectations.
RackSpace stock jumps 15% after earnings beat
Shares of RackSpace Technology Inc. (RXT) rallied more than 15% in the extended session Wednesday after the cloud-computing company beat Wall Street expectations for its adjusted quarterly profit and sales also topped views. RackSpace lost $214 million, or $1.01 a share, in the fourth quarter, compared with a loss of $83 million, or 39 cents a share, in the fourth quarter of 2021. Revenue rose 1% to $787 million as the company got more customers and customers spent more on some of Rackspace’s businesses, it said.