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. (RXT) is a leading provider of end-to-end, hybrid, multi-cloud technology services. The company specializes in designing, building, and operating its customers' cloud environments across all major technology platforms, including OpenStack, Microsoft, and VMware. Rackspace offers a comprehensive suite of solutions categorized into Application Services, Data, Colocation, Cloud, Managed Hosting, Professional Services, and Security & Compliance. This diverse service portfolio enables businesses to leverage cloud computing without the complexity and cost of managing IT infrastructure and applications independently.
Serving over 300,000 customers globally, including two-thirds of the Fortune 100, Rackspace is renowned for its Fanatical Support®—a results-driven service that emphasizes customer success. The company's expertise is further validated by its recognition as a leader in the Gartner Magic Quadrant for Cloud-Enabled Managed Hosting and its repeated inclusion in Fortune’s list of best companies to work for.
Rackspace is constantly innovating, as evidenced by its partnership with Google Cloud to showcase generative AI services and solutions. Their Foundry for AI by Rackspace (FAIR) initiative is dedicated to advancing business transformation and improving customer experiences through responsible AI technologies. FAIR has identified over 500 AI use cases and is actively working on industry-leading implementations worldwide.
Recent advancements include the integration of a Generative AI-enabled intelligent system with Microsoft Azure OpenAI Service, significantly enhancing data retrieval and business insights capabilities. Additionally, Rackspace has collaborated with healthcare organizations like Seattle Children's to manage critical workloads, ensuring improved patient care and optimized operations.
Rackspace's commitment to innovation extends to ethical AI practices, as demonstrated by their partnership with OhioX to promote responsible AI adoption and drive economic growth in Ohio. The company’s broad expertise and strategic partnerships enable it to support a wide array of industries, helping them modernize applications and adopt cutting-edge technologies.
For more information, visit www.rackspace.com.
Rackspace Technology (NASDAQ: RXT) has appointed Dharmendra (D K) Sinha as President of its Public Cloud Business Unit, effective immediately. Sinha joins from Cognizant, where he played a key role in expanding annual revenues from $25M to $16B over 24 years. He aims to accelerate Rackspace's growth strategy, focusing on public and private cloud markets. With his proven leadership and experience, Sinha is expected to enhance Rackspace's position as a leading multicloud solutions provider.
Rackspace Technology (NASDAQ: RXT) has announced its upgrade to a GOLD partnership with Datadog (NASDAQ: DDOG), enhancing its multicloud technology solutions. This partnership enables Rackspace to utilize Datadog's observability services, crucial for diagnosing application environment issues and minimizing operational disruptions for clients. The platform offers over 500 integrations, comprehensive visibility into infrastructure performance, and various monitoring tools. This strategic move aligns with the increasing demand for efficient cloud application management.
Rackspace Technology (NASDAQ: RXT) will release its Q2 2022 financial results on August 9, 2022, after market close. CEO Kevin Jones and CFO Amar Maletira will host a conference call at 5:00 PM ET to discuss the results. The call will be accessible via Zoom and telephone, with a replay available on the company’s website. Rackspace Technology provides end-to-end multicloud services, assisting clients in modernizing applications and adopting innovative technologies.
Rackspace Technology (NASDAQ: RXT) has announced its new Infrastructure as Code (IaC) Security Services in collaboration with oak9, aimed at enhancing cloud-native application security throughout the software development lifecycle.
This offering allows businesses to integrate security into their DevOps processes efficiently, automatically identifying and addressing security gaps in real-time. Key benefits include secure design from the start, seamless integration with CI/CD pipelines, continuous monitoring of cloud environments, and proactive workflow notifications for developers.
Rackspace Technology (NASDAQ: RXT) has launched v2 of its Cloud DNS API, enhancing speed, scalability, and accuracy for developers. This new API operates synchronously, improving response times to mere seconds, while its architecture supports greater volume and faster publishing times. Additionally, it improves validation of DNS records, reducing common errors. The previous version remains available for use. According to Chief Information Officer, Juan Riojas, the updates aim to streamline the DNS management process for customers.
Rackspace Technology (NASDAQ: RXT) announced its partnership with Grupo Milenio to migrate to a more reliable AWS Cloud architecture. This digital transformation aims to enhance the delivery of breaking news across Mexico during high-traffic periods.
The upgrade has reportedly increased uptime, allowing for dependable content delivery. Grupo Milenio, comprising various media platforms, sought this migration for improved performance without raising operational costs.
Rackspace Technology (NASDAQ: RXT) announced a strategic partnership with VMware to deploy its Secure Access Service Edge (SASE) platform in 20 global markets. The deployment will utilize Rackspace's Data Center in a Box solution, starting with 15 data centers and expanding to five additional sites across North America, South America, Europe, Asia Pacific, the Middle East, and Africa. This collaboration aims to enhance cloud security and streamline services for businesses.
Rackspace Technology (NASDAQ: RXT) announced a successful migration of Rancho Valencia's email server to Microsoft 365, enhancing customer service and optimizing infrastructure. The upgrade improved performance by 30%, leading to a faster, more secure email experience. Rancho Valencia, a Forbes Travel Guide Five-Star resort, boosts its guest engagement and revenue potential through technology application at customer touchpoints. The collaboration with Rackspace not only saved costs but also increased stability and compliance in its operations.
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