Rackspace’s data center transformation program supports Seattle Children’s focus on innovation and enhancing patient careSAN ANTONIO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced a significant partnership with Seattle Children's Hospital. Through the 10-year, multi-million-dollar agreement, Rackspace will provide an end-to-end managed cloud solution to transform Seattle Children’s data center operations an ...

Core Insights - Rackspace Technology has entered a significant 10-year partnership with Seattle Children's Hospital to provide a managed cloud solution aimed at transforming their data center operations and modernizing infrastructure for both clinical and non-clinical workloads [1][2] - The agreement is expected to enhance agility, reliability, scalability, and security while significantly reducing IT costs for Seattle Children's, allowing them to focus on improving patient care and advancing pediatric research initiatives [1][2] Company Overview - Rackspace Technology is recognized as a leading end-to-end hybrid cloud and AI solutions provider, capable of designing, building, and operating cloud environments across major technology platforms [4] Partnership Details - The partnership involves deploying Rackspace's Cost and Productivity Optimization (CPO) assessment framework to evaluate Seattle Children's IT infrastructure spending, leading to a transformation that simplifies operations and phases out legacy technologies [2] - Rackspace will manage Seattle Children's workloads on its private cloud and major platforms like Azure and AWS, ensuring a standardized managed services model across both private and public clouds [2][3] Strategic Goals - The collaboration aims to create a modern IT infrastructure on Rackspace's Healthcare Cloud, enhancing security, efficiency, and operational resilience for Seattle Children's [3] - The focus is on reducing costs and aligning with Seattle Children's mission and future growth, maximizing technological capabilities while driving innovation for patient care [3]

Group 1 - Rackspace Technology (RXT) is set to report its fourth-quarter 2024 results on February 20, after market close [1][9] - The Zacks Consensus Estimate for RXT's revenues in the upcoming quarter is $675.2 million, reflecting a 6.2% year-over-year decrease [3] - The expected revenue from Public Cloud is $413.3 million, indicating a 5% year-over-year decline due to reduced cloud infrastructure volumes [3][4] - Private Cloud revenues are estimated at $261.8 million, showing an 8% year-over-year decline, attributed to customers transitioning away from older-generation offerings [4] - The consensus estimate for earnings per share in the upcoming quarter is 4 cents, suggesting a 33.3% decrease from the previous year's actual [4] Group 2 - Rackspace Technology has a history of earnings surprises, having beaten the Zacks Consensus Estimate in the last four quarters with an average surprise of 29.4% [2] - The current Earnings ESP for RXT is 0.00%, and it holds a Zacks Rank of 3 (Hold), indicating uncertainty regarding an earnings beat this time [5][6]

Leading automotive digital agency now supports dealership websites by managing millions of visitors monthly with a modernized cloud infrastructureSAN ANTONIO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading hybrid, multicloud, and AI technology solutions company, today announced working with Dealer eProcess (DEP) to scale digital capabilities and enhance customer experiences on Google Cloud. DEP was founded in 2006 in Lisle, Illinois, and is the leading automotive digital ag ...

Core Insights - Rackspace Technology and Munster Technological University (MTU) have launched QCloud, Ireland's first quantum cloud computing hub on AWS, aimed at enhancing collaborative research and access to quantum computing technologies [1][2][3] - QCloud is designed to democratize access to quantum resources, providing secure and scalable connectivity for researchers across Ireland [2][3] - The initiative has already connected multiple institutions, supporting 12 startups and 11 major research projects, marking a significant shift in Ireland's quantum research landscape [5] Company Collaboration - Rackspace Technology collaborated with MTU to secure funding for QCloud, enhancing research opportunities in the region [3] - The partnership leverages Rackspace's expertise in the European Open Science Cloud (EOSC) Future project, promoting collaboration between commercial service providers and researchers [2][3] - The collaboration with AWS has resulted in a comprehensive quantum research environment, facilitating advanced applications while managing costs effectively [4][7] QCloud Implementation - QCloud was launched in February 2024 with funding from the EOSC Future project, providing centralized access to quantum computing resources for researchers [3] - The platform allows researchers to utilize actual quantum computers, moving beyond traditional simulators, and includes features for real-time monitoring and budget management [4][7] Future Vision - MTU expects to double its research projects in the coming year, indicating a growing interest and innovation in quantum computing [6] - The initiative is seen as a pivotal moment for the evolution of ideas into commercially viable and socially beneficial products in the quantum computing space [6]

Core Insights - QCloud, Ireland's first quantum cloud computing hub, was launched by Rackspace Technology in collaboration with Munster Technological University (MTU) to enhance collaborative research and access to quantum computing technologies [1][2][3] Group 1: QCloud Overview - QCloud aims to democratize access to quantum resources, providing secure and scalable connectivity to quantum computing power for researchers across Ireland [2][3] - The platform was developed with funding from the EOSC Future project, facilitating centralized access to quantum computing resources for various research fields, including autonomous systems security [3][4] Group 2: Collaboration and Infrastructure - The collaboration between MTU, Rackspace Technology, and AWS resulted in a comprehensive quantum research environment, enabling researchers to explore advanced applications while managing costs effectively [4][7] - QCloud provides a centralized platform for eight universities and 13 research institutes, featuring tools for streamlined project management and real-time cost tracking [7] Group 3: Impact and Future Vision - Since its launch, QCloud has connected multiple institutions, supporting 12 startups and 11 major research projects, marking a significant shift in Ireland's quantum research landscape [5][8] - MTU expects to double its research projects in the coming year, indicating a growing interest and innovation in quantum computing [8]

Solution revolutions non-emergency medical transportation with scalable cloud platformSAN ANTONIO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading provider of hybrid, multicloud, and AI technology services, today announced working with American Logistics to launch a state-of-the-art NEMT (Non-Emergency Medical Transportation) platform, cloud-native AWS environment that reimagines healthcare transportation capabilities to transform a company's enterprise operations to realize ...

Partnership Overview - Rackspace Technology has signed a Memorandum of Understanding (MOU) with Dubai Health to explore the establishment of a Healthcare Digital Hub [1] - The partnership aims to leverage AI and cloud technologies to optimize operations and improve patient outcomes [1][2] - The initiative aligns with Rackspace Technology's growth strategy in the Middle East and Africa (MEA) region [3] Technology and Solutions - The Digital Hub will utilize AI and cloud technologies to provide tailored solutions for Dubai Health [1][2] - These solutions are expected to enhance operational efficiency and enable innovative healthcare delivery [2] - Rackspace Technology specializes in hybrid, multicloud, and AI solutions, supporting customers across all major technology platforms [3] Strategic Impact - The partnership with Dubai Health is a significant step for Rackspace Technology, aligning with a respected healthcare institution in the MEA region [3] - The MOU marks a pivotal moment in Rackspace's strategy to drive impactful change in the healthcare industry [3]

SAN ANTONIO, Texas, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT) a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced that it will release its fourth quarter 2024 financial results after the market closes on Thursday, February 20, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (February 20, 2025) at 5:00 PM ET to discuss the Company’s financial resu ...

New board appointment brings AI and data expertise to support Rackspace's growth strategySAN ANTONIO, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced Board and executive transitions. The Company also re-affirmed financial guidance for the fourth quarter 2024, as previously provided in a press release issued on November 12, 2024. Jeffrey Benjamin will succeed David Sambur as Independent ...