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. (NASDAQ: RXT) is a Software – Infrastructure company that describes itself as an end-to-end hybrid cloud, multicloud, and AI solutions provider. The RXT news feed on Stock Titan aggregates company announcements, press releases, and third-party coverage that explain how Rackspace designs, builds, and operates cloud environments across major technology platforms.
News about Rackspace Technology often highlights developments in hybrid and multicloud services, AI-focused offerings, and partnerships with major cloud providers. Recent announcements have covered topics such as the launch of Rackspace AI launchpad, a managed service to help organizations evaluate, pilot, and deploy AI workloads, and the use of Rackspace AI Anywhere as a private cloud foundation for secure AI and machine learning capabilities. Other stories describe customer projects involving rapid migration of business-critical workloads to public cloud platforms and multicloud strategies that span providers like Microsoft Azure and Google Cloud.
Investors and technology professionals can also follow updates on certifications, awards, and industry recognitions. Rackspace Technology has reported achievements including VMware Sovereign Cloud certification for its UK Sovereign Services, an AWS Collaboration Partner of the Year award, and the AWS Automotive Competency, as well as leadership positions in the ISG Provider Lens™ Multi Public Cloud Services Report. Leadership changes, board updates, and financial results are typically announced through press releases and related SEC filings.
By monitoring this RXT news page, readers can review how Rackspace Technology communicates its progress in hybrid cloud, AI, data, and security services, along with examples of customer engagements in sectors such as automotive, retail, healthcare, financial services, and the public sector.
Rackspace Technology (NASDAQ: RXT) has joined NVIDIA's DGX-Ready Managed Services program, allowing enterprises to leverage NVIDIA DGX systems without managing their infrastructure. This partnership aims to meet the growing demand for AI solutions by providing fully managed IT services optimized for AI development. Rackspace will assist organizations in deploying machine learning initiatives more efficiently, focusing on maximizing the value from their data. With this collaboration, the company enhances its capabilities in cloud services and support for enterprise AI adoption.
Rackspace Technology (NASDAQ: RXT) has been recognized as a Top 15 Sourcing Standout by Information Services Group (ISG) for the fifth consecutive quarter. This accolade highlights its performance in the Breakthrough 15 category based on annual contract value over the last year. The ISG Index™ reviews the sourcing industry, categorizing providers by revenue. Rackspace's CEO noted their commitment to delivering exceptional support and innovative solutions, including the new Rackspace Data Freedom storage service, aimed at enhancing customer cloud investment management.
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Rackspace Technology (NASDAQ: RXT) will announce its Q1 2022 financial results on May 10, 2022, post-market close. The announcement will be followed by a conference call at 5:00 PM ET, led by CEO Kevin Jones and CFO Amar Maletira, to discuss the results. Interested parties can join via Zoom or telephone, with details provided in the announcement. An audio replay will be available on the company's website shortly after. Rackspace Technology specializes in multicloud technology services and assists customers in managing cloud environments.
Rackspace Technology (NASDAQ: RXT) has joined the Microsoft Intelligent Security Association (MISA), enhancing its security services in collaboration with Microsoft. This partnership allows Rackspace to integrate its Elastic Engineering for Security services into Microsoft’s cloud-native security solutions, enabling businesses to defend against increasing cybersecurity threats. With over 18 years of collaboration, Rackspace offers managed security services such as XDR leveraging Microsoft Sentinel, ultimately aiming to improve security postures across Azure and hybrid environments.
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Rackspace Technology (NASDAQ: RXT) has announced a strategic partnership with Cohesity to enhance managed backup and recovery solutions for its VMware-based customers. The new offering, called Rackspace Data Protection, integrates Cohesity's next-gen data management capabilities, providing comprehensive protection against cyber threats, including ransomware. Key features include a simplified solution for data management, ransomware remediation through immutable snapshots, rapid recovery options, and scalability that optimizes storage efficiency.
Rackspace Technology (NASDAQ: RXT) has enhanced its strategic partnership with Akamai Technologies (NASDAQ: AKAM) to provide consultative services aimed at securing cloud applications and APIs. The collaboration will leverage Akamai’s Web Application and API Protector, enhancing security features such as automatic API discovery, bot mitigation, and adaptive detections. This initiative aims to support businesses of all sizes in navigating increasing cyber threats, particularly from API abuses, which have tripled in frequency according to Akamai's recent report. This service is coupled with Rackspace's Elastic Engineering for Security managed offering.
Rackspace Technology (NASDAQ: RXT) has renewed its status as a Google Cloud Managed Services Provider for Latin America, demonstrating its capability in delivering cloud solutions. This renewal follows a formal assessment validating its managed services qualifications. The designation signifies Rackspace's commitment to helping clients achieve business objectives with expert support in cloud architecture. Key clients include FIFCO in Costa Rica, leveraging Rackspace's services for critical market operations.
Rackspace Technology (NASDAQ: RXT) announced that Auto & General Southeast Asia enhanced its cloud infrastructure by deploying Rackspace Managed Services on Cloudflare. This collaboration led to a 60% improvement in site speed, optimized application performance, and strengthened security. The solution included essential features like a web application firewall, DDoS protection, and a global content delivery network. Auto & General SEA reported reduced latency and improved customer retention, alongside 24/7 support from Rackspace’s certified cloud security experts.
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