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 ...

Board and Executive Transitions - Jeffrey Benjamin succeeds David Sambur as Independent Chairman of the Board, bringing over 25 years of investment management experience and prior board roles at American Airlines Group and Caesars Entertainment Company [2] - Vikram Mahidhar joins the Rackspace Board, bringing expertise in digital, data, and artificial intelligence from his roles at Apollo Global Management and Genpact, and replaces Susan Arthur who stepped down [3] - Brian Lillie, President of Private Cloud, will leave his position to focus on personal commitments, with CEO Amar Maletira assuming the Interim Leader role for the Private Cloud business [4] Financial Performance and Outlook - The company achieved record-breaking quarterly sales bookings in Q4 2024, with high double-digit growth year-over-year and sequentially [5] - Rackspace Technology reaffirms its financial guidance for Q4 2024, as previously provided in a press release on November 12, 2024 [6] Company Overview - Rackspace Technology is a leading end-to-end multicloud technology solutions company, capable of designing, building, and operating cloud environments across all major technology platforms [7]

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 ...

SAN ANTONIO, Jan. 14, 2025 (GLOBE NEWSWIRE) -- A new global survey, 2025 State of Cloud Report, conducted by Rackspace Technology® (NASDAQ:RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, finds that organizations continue to shift away from a single cloud approach toward more flexible hybrid cloud environments. The survey of more than 1,400 IT decision-makers found that over 90% plan to make significant changes in their cloud strategy over the next two years. Of those respondents, 4 ...

Core Points - Rackspace Technology has signed the Armed Forces Covenant, demonstrating its commitment to support military personnel and their families [1][2] - The company aims to ensure fair treatment for veterans and their families, pledging to support their employment and provide flexible leave for service duties [2] - Rackspace's employee resource group, RackVet, is instrumental in fostering a supportive community for veterans, focusing on professional development and mutual support [3][5] Initiatives and Services - Rackspace Technology is actively engaged in dedicated recruitment efforts for veterans and reservists, and has established partnerships with military charities [3][5] - The launch of Rackspace UK Sovereign Services aligns with the company's commitment to the UK public sector, providing secure and scalable solutions tailored to the needs of regulated industries [4] - The company emphasizes the unique skills that service members bring to the civilian workforce, enhancing its technological excellence through this commitment [4]

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

Robust design and migration demonstrate Rackspace’s Epic subject matter expertise, private cloud leadership, and innovation SAN ANTONIO, Tx., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading hybrid, multicloud, and AI technology services company, today announced the deployment of an Epic Electronic Health Record (EHR) system for AdventHealth on Rackspace’s Healthcare Cloud platform. This implementation is one of the largest Epic deployments for a US health system, scaling to ...

LONDON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading hybrid, multicloud, and AI technology services company, today announced it is partnering with JBi Digital, a top-tier digital transformation agency to deepen the agency’s commitment to the UK government services sector. Leveraging Rackspace Sovereign Government Cloud, JBi Digital is poised to address the unique security and compliance demands of UK government clients while expanding its footprint in the sector. Founded ...