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Rackspace Technology(RXT) - 2025 Q3 - Earnings Call Presentation
2025-11-06 22:00
November 6, 2025 Disclaimer Forward-Looking Statements Rackspace Technology has made statements in this presentation and other reports, filings, and other public written and verbal announcements that are forward-looking and therefore subject to risks and uncertainties. All statements, other than statements of historical fact, included in this presentation are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the ...
Rackspace Technology Reports Third Quarter 2025 Results
Globenewswire· 2025-11-06 21:15
Core Insights - Rackspace Technology reported third quarter 2025 results, achieving revenue of $671 million, a slight decrease of 1% year-over-year compared to $676 million in Q3 2024 [2][7] - The company emphasized its role as a trusted partner in navigating hybrid multicloud complexities, focusing on AI, data, and security services [1][12] Financial Performance - Private Cloud revenue was $250 million, down 3% year-over-year from $258 million in Q3 2024 [2][30] - Public Cloud revenue increased to $422 million, up 1% from $418 million in Q3 2024 [3][30] - Loss from operations improved to $(34) million in Q3 2025, significantly better than the $(174) million loss in Q3 2024 [3][19] - Net loss narrowed to $(67) million in Q3 2025, compared to $(187) million in Q3 2024 [3][19] - Net loss per diluted share was $(0.28), an improvement from $(0.82) in the same quarter last year [4][19] Cash Flow and Liquidity - Cash flow from operating activities was $71 million for Q3 2025, with a trailing twelve-month cash flow of $146 million [7][27] - As of September 30, 2025, the company had cash and cash equivalents of $100 million and total liquidity of $386 million [5][27] Guidance and Outlook - For Q4 2025, Rackspace provided revenue guidance of $664 to $678 million, with Private Cloud revenue expected between $244 to $252 million and Public Cloud revenue between $420 to $426 million [8][30] - Non-GAAP Operating Profit is projected to be between $32 to $34 million, with Non-GAAP Loss Per Share expected to range from $(0.03) to $(0.05) [8][30]
Rackspace Technology, Inc. (NASDAQ:RXT) Overview and Growth Potential
Financial Modeling Prep· 2025-10-24 00:00
Rackspace Technology, Inc. (NASDAQ:RXT) is trading at $1.71 with a target price of $1.92, indicating a growth potential of approximately 11.96%.Compared to its peers, RXT shows a moderate growth potential, with Materialise N.V. (MTLS) presenting the highest growth potential of 25.52%.Stem, Inc. (STEM) and Repay Holdings Corporation (RPAY) show negative growth potentials of -102.72% and -6.22%, respectively.Rackspace Technology, Inc. (NASDAQ:RXT) is a leading cloud computing company that specializes in provi ...
Rackspace Technology Releases 2025 Sustainability Report
Globenewswire· 2025-10-21 13:16
Core Insights - Rackspace Technology has made significant progress towards its net-zero carbon emissions targets, showcasing its commitment to sustainability and alignment with the United Nations Sustainable Development Goals (SDGs) [1][2][14] Sustainability Achievements - In 2025, Rackspace achieved a 10% reduction in total emissions from its 2023 baseline, with a notable 20% decrease in Scope 1 and Scope 2 emissions, and a 9% reduction in Scope 3 emissions [2][11] - The relocation of its headquarters in San Antonio, Texas, resulted in an 80% reduction in facility emissions, saving 6,007 tons of CO₂e from 2023 to 2024 [11] - Approximately 80% of Rackspace's global data centers are powered by renewable energy, with plans to reach 100% through initiatives like RE100 and strategic energy partnerships [11] Operational Efficiency - Upgrades at the Dallas/Fort Worth data center improved energy performance, reducing power consumption by approximately 1,700 MWh between 2023 and 2024 [11] - The company has implemented a circular IT lifecycle policy to promote recycling, upcycling, and waste reduction [11] Employee Engagement and Community Impact - Rackspace has empowered its workforce with over 13,000 technical certifications in cloud and sustainability skills since 2023, with 95% of employees AI-ready certified [11] - The company has raised over $8 million for education through the Rackspace Foundation, supporting more than 10,000 students with STEM and holistic programs [11]
Rackspace Technology to Announce Third Quarter 2025 Earnings on November 6th, 2025
Globenewswire· 2025-10-17 20:35
Core Viewpoint - Rackspace Technology will release its third quarter 2025 financial results on November 6, 2025, after market close, with a conference call scheduled for the same day to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for Q3 2025 will be announced after market close on November 6, 2025 [1]. - The conference call to discuss the financial results will be hosted by CEO Gajen Kandiah and CFO Mark Marino at 5:00 PM ET on November 6, 2025 [1]. Group 2: Accessing the Conference Call - Interested parties can access the live webcast or replay through the company's Investor Relations website [2]. - Pre-registration is required to obtain the dial-in number for the conference call, and registrants will receive a PIN for access [2]. Group 3: Company Overview - Rackspace Technology is recognized as a leading end-to-end hybrid cloud and AI solutions provider [3]. - The company specializes in designing, building, and operating cloud environments across various technology platforms, regardless of the technology stack or deployment model [3]. - Rackspace Technology partners with customers throughout their cloud journey, assisting in application modernization, new product development, and the adoption of innovative technologies [3].
Total Wine & More Partners with Rackspace Technology to Optimize Performance and Accelerate Innovation Across Its Retail Operations
Globenewswire· 2025-10-15 13:16
Core Insights - Total Wine & More has partnered with Rackspace Technology to implement a strategic multicloud approach, utilizing Microsoft Azure and Google Cloud for its digital transformation [1][2] - The partnership aims to enhance flexibility, cost efficiency, and speed in operations, showcasing the benefits of a tailored cloud strategy for different workloads [2] - Total Wine & More operates 284 superstores across 29 states, emphasizing its growth and commitment to exceptional customer experiences [3] Company Overview - Total Wine & More is the largest independent retailer of fine wine in the U.S., offering over 8,000 wines, 3,000 spirits, and 2,500 beers, founded in 1991 [4] - The company focuses on providing low prices, exceptional service, and a superior shopping experience [4] Partnership Benefits - The collaboration with Rackspace Technology has enabled Total Wine to transform cost optimization into a catalyst for innovation, utilizing the FinOps program and Optimizer+ for actionable insights [3][8] - Rackspace's ongoing support includes modernizing Total Wine's inventory system and migrating backend operations to Azure, ensuring optimal performance and reliability [8] Strategic Approach - Total Wine & More's multicloud strategy is increasingly common among innovative retailers, aiming to modernize operations and enhance customer experience [2] - The partnership is characterized by a relationship built on trust and shared success, with Rackspace providing not just tools but also valuable expertise [4]
Rackspace Technology Receives Silver Award from UK Armed Forces Covenant
Globenewswire· 2025-10-09 08:01
Core Points - Rackspace Technology has been awarded the UK Armed Forces Covenant's Defence Employer Recognition Scheme (ERS) Silver Award for its exceptional support to the armed forces community, including reservists, veterans, and military families [1][5][8] Group 1: Company Commitment - The company has implemented supportive employee policies that go beyond the UK Armed Forces Covenant commitments, promoting defense values and advocating for service personnel in the civilian workforce [2][7] - Rackspace Technology expresses pride in supporting those who serve or have served in the Armed Forces and their families, emphasizing a commitment to ensuring employee policies support active reservists, veterans, and their families [2][7] Group 2: Recognition Details - The Silver Award was received in a ceremony held in September, highlighting the company's dedication to military support [8] - The award recognizes various policies, including paid leave for reservist training and mobilization, active veteran recruitment and retention policies, and flexible support for military families [7][8] Group 3: Company Overview - Rackspace Technology is a leading provider of end-to-end hybrid cloud and AI solutions, capable of designing, building, and operating cloud environments across major technology platforms [3] - The company partners with customers at every stage of their cloud journey, enabling modernization of applications and adoption of innovative technologies [3]
Can Rackspace (RXT) Reverse Its Slide with a New CEO at the Helm?
Yahoo Finance· 2025-09-30 18:05
Rackspace Technology Inc. (NASDAQ:RXT) is one of the worst-performing data center stocks in 2025. At the top of our list, Rackspace’s stock has declined by over 45% over the last year, and 2025 hasn’t been much different so far. The company has faced several challenges lately, including slowing growth, mounting losses, a lack of transformational deals, and significant leverage. The company is making efforts to stabilize its private cloud revenue and expand its presence in mid-market and enterprise segment ...
Rackspace Technology Achieves AWS Automotive Competency
Globenewswire· 2025-09-12 06:02
Core Insights - Rackspace Technology has achieved the Amazon Web Services (AWS) Automotive Competency, showcasing its expertise in supporting automotive companies and their suppliers in digital transformation on AWS [1][2][4] Company Achievements - The AWS Automotive Services Competency recognizes AWS Partner Network (APN) members with deep technical expertise and proven customer success in the automotive industry [2] - Achieving the AWS Automotive Competency reflects over five years of collaboration with Original Equipment Manufacturers (OEMs) and Tier 1 suppliers globally [3] - Rackspace Technology has modernized a major German automotive OEM's legacy shopfloor IT on AWS, implementing an event-driven data pipeline for real-time visibility into shopfloor machinery data [3] Industry Impact - The implementation of new technologies enables faster operator response and prepares the company for predictive maintenance, aligning with Industry 4.0 standards [3] - This achievement reinforces Rackspace Technology's position as a trusted partner for leading automotive companies and highlights its ongoing investment in industry-specific solutions [4]
Rackspace Technology Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-09-05 22:00
Core Insights - Rackspace Technology announced the appointment of Gajen Kandiah as the new CEO and granted him inducement equity awards [1][2] Equity Awards - Mr. Kandiah received 4,000,000 restricted stock units (RSUs) and non-qualified stock options to purchase 6,000,000 shares of common stock [2] - The stock options have an exercise price of $1.30 per share, equal to the closing price on the grant date, with a maximum term of ten years [2] - The RSUs and stock options will vest in equal annual installments on September 3 for the years 2026, 2027, 2028, and 2029, contingent on Mr. Kandiah's continued employment [2] Compliance and Approval - The equity awards were granted as an inducement material to Mr. Kandiah's employment, in accordance with Nasdaq Listing Rule 5635(c)(4) [3] - The awards were approved by a majority of the independent members of the board of directors, outside of the shareholder-approved equity incentive plan [3] Company Overview - Rackspace Technology is a leading provider of hybrid multicloud technology services and AI solutions, focusing on designing, building, and operating cloud environments across major technology platforms [4] - The company partners with customers at every stage of their cloud journey, enabling modernization of applications, product development, and adoption of innovative technologies [4]