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Rackspace Technology Inc   (RXT)
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Price: $1.5900 $-0.05 -3.049%
Day's High: $1.7 Week Perf: -24.29 %
Day's Low: $ 1.57 30 Day Perf: -12.15 %
Volume (M): 6,440 52 Wk High: $ 3.10
Volume (M$): $ 10,240 52 Wk Avg: $1.81
Open: $1.64 52 Wk Low: $1.05



 Market Capitalization (Millions $) 342
 Shares Outstanding (Millions) 215
 Employees 6,600
 Revenues (TTM) (Millions $) 2,957
 Net Income (TTM) (Millions $) -838
 Cash Flow (TTM) (Millions $) -32
 Capital Exp. (TTM) (Millions $) 97

Rackspace Technology Inc
Rackspace Technology is a leading end-to-end multicloud technology services company. We design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.
We serve our customers through an integrated services portfolio organized in two segments'Multicloud Services and Apps & Cross Platform Services. The services across these two segments are described in more detail below:
Multicloud Services: Our Multicloud Services segment includes our public and private cloud managed services offerings, as well as professional services related to designing and building multicloud solutions and cloud-native applications. We offer an integrated suite of managed services offerings across our private cloud, the leading public clouds and colocation. Our managed cloud services help customers determine, manage and optimize the right infrastructure, platforms and services on which to deploy their applications to achieve the best performance, agility,
security and cost efficiency. We also help customers establish governance, operational and architectural frameworks to mitigate risks and reduce inefficiencies, so they can manage costs, achieve industry-specific compliance objectives and improve security. Within our Multicloud Services segment, we offer the following services:
Private cloud: These service offerings provide compute, storage and applications accessed by a specific customer, either with a cloud management layer (in managed private cloud) or without one (in managed hosting). We offer managed private clouds powered by leading technologies like VMware, Microsoft and OpenStack in our data centers as well as in those owned by customers or by third parties such as colocation providers. We also offer managed VMware on AWS, delivering an increasingly popular hybrid combination. Our private cloud offerings can be used with or without virtualization software.
Managed public cloud: These offerings address the challenges of managing applications and data on the AWS, Microsoft Azure and Google Cloud public clouds. We bundle the underlying public cloud infrastructure with our expertise and experience, managed services and proprietary tools. While the infrastructure providers are responsible for their data centers, servers, storage, networking and operating system software, we help customers navigate, migrate, architect and deploy their applications on those leading public cloud platforms. After a migration, we manage, secure and optimize the customer's environments on an ongoing basis using our tools, automation and expertise, while supporting the customer with robust service level agreements. These offerings do not require us to commit significant capital expenditures given that third parties provide the infrastructure.
Managed hosting and colocation: For customers that require infrastructure on mature cloud platforms, we also offer them the option to place their own servers and networking hardware in our data centers (colocation) or to utilize dedicated servers provided by us in our data centers (managed hosting). However, demand for these services has lessened in recent years as more and more customers move their data and applications to the cloud. In some cases, we are proactively approaching customers and encouraging them to move from these mature services to the cloud in order to preserve the customer relationship.
Apps & Cross Platform: Our Apps & Cross Platform segment includes managed applications, managed security and data services, as well as professional services related to designing and implementing application, security and data services.
Managed applications: Our managed application services include running large-scale SaaS applications for customers on our and public cloud infrastructure, such as Oracle, SAP and Office 365. This includes key functions such as: managing a customer's applications and performing key functions such as account management and scaling up or down of required cloud resources. Additionally, we manage productivity and collaboration applications such as email and hosted Microsoft SharePoint.
Managed security: We provide fully-integrated security solutions that combine cutting-edge technology with our in-house Security Operations Center to provide customers with threat detection, analysis and remediation capabilities. Additionally, we have integrated security platforms into our management tools to give our customers one view of their organization's vulnerability and threats.
We offer additional managed security services to customers in the areas of (i) security threat assessment and prevention, (ii) proactive threat detection and response, (iii) rapid remediation, (iv) governance, risk and compliance assistance across multiple cloud platforms and (v) Privacy and Data Protection services, including detailed access restrictions and reporting. Our 24x7x365 Customer Security Operations Center is staffed by experienced Global Information Assurance Certification (GIAC) security analysts.
Data services: We help customers use their data to further innovate by providing services and expertise for data extraction, transformation, ingestion, storage and analysis. We utilize both traditional analytics platforms and new, machine learning technologies to build repeatable, scalable and automated platforms that extract meaningful insights. Our developers, administrators and cloud and data analytics architects are skilled across a full range of database services, including managed relational databases (Oracle, SAP, SQL Server and MySQL), big data (Hadoop), managed NoSQL (MongoDB) and managed SAP HANA. Our data services are offered both through our managed services subscriptions and through our professional services offerings.


   Company Address: 19122 US Highway 281 N. San Antonio 78258 TX
   Company Phone Number: 961-4454   Stock Exchange / Ticker: NASDAQ RXT
   


Customers Net Income fell by RXT's Customers Net Profit Margin fell to

-61.82 %

2.63 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Rackspace Technology Inc

Rackspace Technology Inc. Takes Bold Steps to Strengthen Financial Position Amid Revenue Decline



In a recent update, Rackspace Technology, a leading end-to-end hybrid, multicloud, and AI solutions company, has made significant announcements regarding offers to eligible holders for the exchange and funding of its existing senior secured notes. These strategic moves aim to enhance the company's financial position and support its growth objectives, assuring investors of a sound future despite some recent turbulent financial results.
Financial Performance:
Despite a decline in revenue during the fiscal fourth quarter of 2023, Rackspace Technology managed to achieve a remarkable turnaround by posting an impressive earnings per share (EPS) of $0.13, as opposed to a previous $-1.00 deficit. In comparison to the same quarter the previous year, revenue deteriorated by 8.513% to $720.00 million from $787.00 million. It is important to note that this drop in top-line revenue is in contrast to the rest of the Internet Services & Social Media industry, which witnessed a revenue rise during the same period.

Stock Market Announcement

Rackspace Technology Enhances Financial Position Through Strategic Exchange and Funding Offers

Published Thu, Mar 14 2024 8:15 PM UTC

Rackspace Technology Announces Exchange and Funding Offers to Strengthen Financial Position
San Antonio, March 14, 2024 - Rackspace Technology (NASDAQ: RXT), a leading end-to-end hybrid, multicloud, and AI technology solutions company, has recently made significant announcements regarding offers to eligible holders for the exchange and funding of its existing senior secu...

Financing Agreement

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Financing Agreement

Rackspace Technology Secures New Investment to Drive Strategic Growth and Innovation

Published Tue, Mar 12 2024 8:15 PM UTC

Rackspace Technology Secures $275 Million Investment to Advance Strategic Initiatives
Rackspace Technology Inc, a leading provider of multi-cloud solutions, recently announced that it will be receiving $275 million of new money to advance key strategic initiatives. This comes as the company reported a net loss of $-1 billion during the twelve month period ending in the t...

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Published Thu, Mar 7 2024 7:00 PM UTC

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Rackspace Technology Inc's Segments
 
 
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