RXT Stock Recent News

The cloud services specialist is wading into artificial intelligence (AI). It has launched an AI unit, FAIR.

Rackspace Technology, Inc. (NASDAQ:RXT ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Robert Watson - VP, Corporate Finance Amar Maletira - CEO Bobby Molu - CFO Conference Call Participants Frank Louthan - Raymond James Kevin McVeigh - Credit Suisse Puneet Jain - JP Morgan Brad Clark - Bank of Montreal Operator Good afternoon and thank you for standing by. Welcome to Rackspace Technology's First Quarter 2023 Earnings Conference Call.

Rackspace (RXT) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.22 per share a year ago.

Today, we circle back on Rackspace Technology, Inc., a once-promising cloud concern that has fallen on hard times. The company recently had a 'kitchen sink' quarter which contained numerous charges and write downs.

Rackspace Technology, Inc. (NASDAQ:RXT ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Robert Watson - VP, Corporate Finance Amar Maletira - CEO Bobby Molu - CFO Conference Call Participants Kevin McVeigh - Credit Suisse Ashwin Shirvaikar - Barclays Frank Louthan - Raymond James Brendan Biles - JPMorgan James Breen - William Blair Bradley Clark - BMO Capital Markets Operator Good afternoon and thank you for standing by. Welcome to Rackspace Technology's Fourth Quarter 2022 Earnings Conference Call.

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?

Shares of RackSpace Technology Inc. RXT, -3.65% 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.

There are strong secular trends supporting Rackspace Technology's long-term growth. RXT's strong customer relationship leads to efficient GTM model.

Cloud computing giant Rackspace has confirmed hackers accessed customer data during last month's ransomware attack. The attack, which Rackspace first confirmed on December 6, impacted the company's hosted Exchange email environment, forcing the web giant to shut down the hosted email service following the incident.

Cloud computing giant Rackspace has confirmed that it has been hit by ransomware attack that has left a number of its customers without access to email. Rackspace's hosted Microsoft Exchange service started experiencing problems on Friday last week.