RXT Stock Recent News

Rackspace (RXT) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to a loss of $0.08 per share a year ago.

Rackspace Technology (RXT 4.10%), a provider of cloud computing and managed hosting services, released its earnings for the second quarter of fiscal 2025 on August 7, 2025. The headline from the report was that GAAP revenue reached $666 million, exceeding analyst expectations of $659.4 million (GAAP).

Revenue of $666 million in the Second Quarter, down 3% Year-over-Year Private Cloud Revenue was $250 million, down 4% Year-over-Year Public Cloud Revenue was $417 million, down 2% Year-over-Year Second Quarter 2025 Cash Flow From Operating Activities was $8 million; Cash Flow From Operating Activities was $127 million on a Trailing-Twelve-Month Basis SAN ANTONIO, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced results for its second quarter ended June 30, 2025. Amar Maletira, Chief Executive Officer, stated, “I am pleased with our second quarter results.

SAN ANTONIO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the launch of the Rackspace Cloud Management Platform, which includes next-gen upgrades to the Rackspace Managed Cloud (“RMC”) offering. The platform provides customers with a single robust framework that leverages best-in-class AI-enabled tools, empowering organizations to streamline workload operations, accelerate digital transformation, and more efficiently manage modern hybrid and multicloud environments.

Framework sets new standard for helping customers meet their sustainability goals and Scope 3 reporting requirements Framework sets new standard for helping customers meet their sustainability goals and Scope 3 reporting requirements

SAN ANTONIO, July 18, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its second quarter 2025 financial results after the market closes on Thursday, August 7, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (August 7, 2025) at 5:00 PM ET to discuss the Company's financial results.

SAN ANTONIO, July 17, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology ®  (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the availability of the Foundry for AI by Rackspace ("FAIR™") Model Context Protocol (“MCP”) Enterprise Accelerator on the AWS Marketplace in the new ‘AI Agents & Tools' category. Customers can now easily discover, purchase, and deploy AI-driven solutions, including Rackspace Technology's Agentic AI  Professional Services through the AWS market, accelerating workflow development and enabling enterprise intelligence through AI agents.

New research indicates that early adopters with integrated AI strategies are outperforming their peers in terms of productivity, innovation, and business impact New research indicates that early adopters with integrated AI strategies are outperforming their peers in terms of productivity, innovation, and business impact

SAN ANTONIO, May 21, 2025 (GLOBE NEWSWIRE) -- Rubrik (NYSE: RBRK), a leading cyber resilience company, and Rackspace Technology (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, have announced Rackspace Cyber Recovery Service – a new managed service for customers operating in public cloud. By combining Rubrik's orchestrated data protection and cyber recovery solutions with Rackspace's DevOps principles and managed services, enterprises can simplify and accelerate recovery from ransomware attacks.

After its sustained decline, Rackspace Technology is now a penny stock, not far from the one-dollar-per-share threshold. This penny stock faces fierce competition from much bigger rivals, while its financial position does not allow for major investment. In these circumstances, the shift towards higher-margin solutions makes sense.