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Rackspace Technology, Inc. (RXT)

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18.95+0.46 (+2.49%)
At close: 4:00PM EST

18.95 0.00 (0.00%)
After hours: 4:15PM EST

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Previous Close18.49
Open18.88
Bid18.50 x 800
Ask18.95 x 800
Day's Range18.01 - 18.97
52 Week Range15.25 - 22.75
Volume882,557
Avg. Volume1,155,638
Market Cap3.796B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est26.00
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  • GlobeNewswire

    Rackspace Technology to Announce Fourth Quarter and Full Year 2020 Earnings on Thursday, February 18, 2021

    SAN ANTONIO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) (the “Company”), a leading end-to-end multicloud technology solutions company, today announced that it will release its fourth quarter and full year 2020 financial results after the market closes on Thursday, February 18, 2021. Kevin Jones, Chief Executive Officer, and Amar Maletira, Chief Financial Officer, will also host a conference call on the day of the release (February 18, 2021) at 5:00 pm ET to discuss the Company’s financial results. Interested parties may access the conference call live over the phone by dialing 1-877-407-4018 (domestic) or 1-201-689-8471 (international) and requesting the Rackspace Technology Fourth Quarter and Full Year 2020 Earnings Conference Call. Participants are asked to dial in a few minutes prior to the call to register for the event. The conference call will also be webcast live through the Company’s website at https://ir.rackspace.com/news-and-events/events-and-presentations. An audio replay of the conference call will be available approximately three hours after the conference call until 11:59 pm ET on March 4, 2021, and can be accessed by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international), and providing the passcode 13714667. About Rackspace Technology Rackspace Technology is a leading end-to-end multicloud technology services company. We can 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. IR ContactInvestor RelationsIR@rackspace.com PR ContactNatalie SilvaRackspace Technology Corporate Communicationspublicrelations@rackspace.com

  • GlobeNewswire

    SNP SE and Rackspace Technology Enter into Strategic Partnership

    SNP and Rackspace Technology join forces to enable companies to quickly and securely move to the cloud as well as modernize and optimize their migrated SAP landscape using SNP’s CrystalBridge® softwareThe partnership will focus on customers across EMEA at first, with global deployment to follow HEIDELBERG, Germany, Jan. 19, 2021 (GLOBE NEWSWIRE) -- SNP Schneider-Neureither & Partner SE, a leading provider of software solutions for digital transformation processes and automated data migrations, and Rackspace Technology Inc (NASDAQ: RXT), a leading end-to-end multi-cloud technology solutions company, have signed a strategic partnership agreement. The collaboration will cover the use of the SNP software CrystalBridge® for Rackspace Technology customers who want to move their SAP landscape to the cloud. Rackspace Technology has operations in 120 countries and provides managed services for more 120,000 customers including over half of the Fortune 100 companies. During the COVID-19 pandemic, many business strategies have focused on bringing workloads, including SAP, into the cloud, which has accelerated many digital transformation plans. Rackspace Technology’s multi-cloud expertise coupled with application migration and modernization acumen gives customers the edge and skills they need to complete their cloud journey successfully. Rackspace Technology will harness SNP software to enable its customers to move to the cloud quickly and with minimal risk using automated data migration. The software delivers a comprehensive analysis of the existing system landscape, allowing users to plan and control data migration as well as restructure and modernize the SAP landscape after the move to the cloud. As part of the partnership, the two IT companies have also decided to set up a joint competence center. Here, SNP experts will train and certify Rackspace Technology employees to use CrystalBridge® in order to provide the best possible service to customers. Bernd Gill, Director Strategic Alliance, Partner & Innovation for DACH at Rackspace Technology, says: “As the need for application migrations and modernization continues to grow, our partnership with SNP will enable customers to increasingly realize the value of the cloud. The demand for SAP services has rapidly grown over the last year as businesses look to enhance their customer relations and business operations to remain competitive in today’s changing business landscape.” “We want to accelerate the move to the cloud together with Rackspace Technology – a proven multicloud expert with a global presence,” says Michael Eberhardt, CEO of SNP. “Thanks to the new partnership and our CrystalBridge® software for automated data migration, companies will be able to make the transition more easily and securely in the future. This will enable customers to reap the benefits of cloud operations even faster, such as lower costs resulting from a scalable and more powerful IT infrastructure.” About Rackspace Technology Rackspace Technology is a leading end-to-end multi-cloud technology services company. We can 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. About SNP SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated solution using specially developed software: The Data Transformation Platform CrystalBridge® and the SNP BLUEFIELD™ approach allow companies to restructure and modernize their IT landscapes much more quickly and selectively as well as migrate to new systems or cloud environments more securely. This provides them with clear qualitative advantages while at the same time significantly reducing time and costs. The SNP Group has around 1,500 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenue of around EUR 145 million in the 2019 fiscal year. It serves multinational customers and partners in all industries. SNP was established in 1994, went public in 2000, has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705) and was admitted to the SDAX in March 2020. Since 2017, the company has been trading as a European company (Societas Europaea/SE). More information is available at www.snpgroup.com Contact:Nicole HuberExecutive Vice President Corporate DevelopmentPhone: +49 6221 6425-920Email: Nicole.Huber@snpgroup.com SNP Schneider-Neureither & Partner SEDossenheimer Landstraße 100 | 69121 HeidelbergPhone: + 49 6221 6425-0 | Fax: + 49 6221 6425-20Email: info@snpgroup.comInternet: www.snpgroup.com

  • Rackspace Technology Named a Major Player in IDC MarketScape: Applications Management Services on the Cloud 2020 Vendor Assessment
    GlobeNewswire

    Rackspace Technology Named a Major Player in IDC MarketScape: Applications Management Services on the Cloud 2020 Vendor Assessment

    SAN ANTONIO, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has been positioned in the Major Players category in the IDC MarketScape: Worldwide Application Management Services on the Cloud 2020 Vendor Assessment (doc US46924517, November 2020). The inaugural IDC MarketScape assesses 13 qualifying organizations on their Application Management (AM) offerings and performance in the cloud market based on market demands and expected buyer needs. Positioning Rackspace Technology in the Major Players Category results from implementing a comprehensive approach developing customized plans to align with customers' primary business objectives. Customers are supported through full-service expert AM, including configuration, data services, and application hosting monitoring and maintenance. As businesses' critical IT resources are increasingly tied to supporting applications they rely upon, AM and optimization will become fundamental to delivering business outcomes.“This recognition is a testament to our continued investment in our application solutions strategy and all areas of proactive support for our customers,” said Tolga Tarhan, CTO of Rackspace Technology. “Sustaining trust through ongoing support and prioritization of client objectives and challenges is key to how we design solutions. As we reflect upon success in 2020, it’s gratifying to see our ‘Process First, Technology Second’ approach yield such results for our customers.”The IDC MarketScape noted, “Through customer conversations, IDC found that Rackspace Technology clients value the provider for its white glove customer service. Clients said Rackspace Technology brought broad-based application expertise with mission-critical packaged applications and possessed highly detailed project management capabilities as well as provided consistency of resources through multiyear relationships.”Rackspace Technology AM services provide access to advanced technical resources to help optimize customers' applications and provide application expertise, best practices, and usage insights with proactive support for customer application deployments to help them get the most out of their chosen technology. Rackspace Technology AM services on the cloud also include analytics capabilities via the provider's BI and database-as-a-service solutions for a variety of popular open-source database technologies.“IDC has observed that demand for next generation application management services is elevating. Organizations have aims to host a greater percentage of their application portfolio on the cloud, yet face steep challenges with complex portfolio transitions and building modern application management skills and governance models. Because of this, application services providers that offer an array of services that not only help migrate and modernize applications to the cloud, but also provide advanced application management are well positioned to aid buyer organizations with progressing their application portfolio transitions as well as enabling organizations to realize the benefits of modern application management,” said Peter Marston, Research Director, Worldwide Intelligence Application Services, IDC.Further information on Rackspace Technology AM offerings can be found on its website.An excerpt of the report can be accessed here.About IDC MarketScape: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.About Rackspace Technology Rackspace Technology is a leading end-to-end multicloud technology services company. We can 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.Media Contact Natalie Silva Rackspace Corporate Communications  publicrelations@rackspace.com