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Rackspace Technology to Announce Fourth Quarter 2025 Earnings on February 26, 2026
Globenewswire· 2026-02-10 21:06
Core Viewpoint - Rackspace Technology will release its fourth quarter 2025 financial results on February 26, 2026, at 8 am ET, followed by a conference call at 8:30 am ET to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the fourth quarter of 2025 will be announced on February 26, 2026, at 8 am ET [1]. - The conference call to discuss the financial results will be hosted by CEO Gajen Kandiah and CFO Mark Marino at 8:30 am ET on the same day [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 a 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 provider of end-to-end hybrid cloud and AI solutions [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, product development, and technology adoption [3].
Joseph Vito Joins Rackspace Technology to Lead Strategic Alliance Partnerships
Globenewswire· 2026-01-27 13:15
Core Insights - Rackspace Technology has appointed Joseph Vito as Senior Vice President of Strategic Alliance Partnerships to enhance its global strategy for technology and channel partnerships [1][3] - Vito has over 25 years of experience in technology leadership and cloud transformation, previously working with Amazon Web Services (AWS) and Dell-EMC [2][3] - The CEO of Rackspace, Gajen Kandiah, emphasized Vito's expertise in cloud transformation and strategic partnerships as crucial for advancing the company's mission to deliver scalable AI-enabled cloud environments [3] 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 various technology platforms [5] - The company partners with clients throughout their cloud journey, facilitating application modernization, new product development, and the adoption of innovative technologies [5]
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].
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]
Rackspace Technology Names Gajen Kandiah Chief Executive Officer
Globenewswire· 2025-09-02 20:05
Core Viewpoint - Rackspace Technology has appointed Gajen Kandiah as the new CEO, effective September 3, 2025, to lead the company's AI-first multicloud strategy and enhance customer outcomes across various cloud environments [1][11]. Company Leadership - Gajen Kandiah succeeds Amar Maletira, who has been CEO since September 2022 and will transition to Vice Chairman of the Board [3][11]. - Kandiah has extensive experience in services, infrastructure, software, and AI, previously serving as President and COO of Hitachi Digital and CEO of Hitachi Vantara [4][6]. Strategic Focus - Under Kandiah's leadership, Rackspace will prioritize measurable customer outcomes in highly-regulated sectors and accelerate innovation in cloud management and private AI [5][6]. - The company aims to deepen partnerships with major cloud providers and enhance execution across sales, delivery, and operations [5][6]. Company Background - Rackspace Technology is recognized as a leading provider of end-to-end hybrid multicloud technology services and AI solutions, partnering with customers throughout their cloud journey [7].
Rackspace Technology and SMPL-C Announce Strategic “Better Together” Partnership to Accelerate CMMC Compliance for Government Contractors
GlobeNewswire News Room· 2025-08-26 13:02
Core Insights - Rackspace Technology and SMPL-C have formed a strategic partnership aimed at enhancing compliance automation for organizations working with federal agencies, particularly in relation to Cybersecurity Maturity Model Certification (CMMC) requirements [1][2][3] Group 1: Partnership Overview - The partnership will be facilitated through Rackspace Technology Government Solutions, focusing on secure, CMMC-authorized cloud infrastructure and compliance services [1] - The collaboration aims to simplify the compliance process by integrating SMPL-C's intelligent documentation and workflow engine with Rackspace's secure cloud infrastructure [2] Group 2: Benefits of the Partnership - The partnership seeks to create a unified ecosystem that simplifies and accelerates the CMMC compliance journey, addressing challenges faced by organizations that currently navigate compliance in silos [3] - By automating the documentation process, the collaboration aims to reduce costs associated with CMMC compliance for the defense sector [4] Group 3: Services Offered - Enterprises will benefit from automated gap assessments, documentation, and evidence tracking for CMMC certification [8] - Rackspace's CMMC-aligned environments and multicloud expertise will provide secure cloud hosting solutions [8] - The partnership offers ongoing advisory and support, ensuring continuous guidance and remediation from both Rackspace and SMPL-C [8]
Dell Medical School Taps Rackspace for Industry-Disrupting Cloud Strategy: Building an Academic Medical Center Without Traditional Data Centers
Globenewswire· 2025-08-12 13:05
Core Insights - Rackspace Technology has partnered with Dell Medical School at The University of Texas at Austin to provide fully managed cloud-native services for healthcare IT infrastructure, marking a significant transformation in the sector [1][2][3] Partnership Details - The partnership aims to establish Dell Med as a leading academic medical center by managing its Epic Electronic Health Record (EHR) and related workloads, which will serve as the comprehensive EHR platform for future clinics and hospitals [2][3] - Rackspace will deliver a fully managed service model, ensuring operational excellence and a seamless transition for Dell Med's digital transformation [3][4] Future Plans - Dell Med plans to develop a new academic medical center without a traditional physical data center, relying on Rackspace to host and manage critical digital infrastructure components, including Epic and other clinical workloads [5] - The cloud services provided will be designed with redundancy to support patient safety, regulatory standards, and system resilience [5]
Rackspace Technology to Announce Second Quarter 2025 Earnings on August 7, 2025
Globenewswire· 2025-07-18 12:00
Core Viewpoint - Rackspace Technology will release its second quarter 2025 financial results on August 7, 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 the second quarter of 2025 will be announced after market close on August 7, 2025 [1]. - Amar Maletira, the CEO, and Mark Marino, the CFO, will host a conference call at 5:00 PM ET on the release day to discuss the financial results [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 a dial-in number, and registrants will receive a PIN for accessing the live call [2]. Group 3: Company Overview - Rackspace Technology is recognized as a leading end-to-end hybrid cloud and AI solutions provider [3]. - The company offers services to design, build, and operate cloud environments across all major 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].
Rackspace Technology Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 20:15
Core Insights - Rackspace Technology, Inc. reported first quarter 2025 results that exceeded expectations across key metrics, with revenue at the high end of guidance and profit and EPS surpassing guidance ranges [2][3][5] Financial Performance - Total revenue for Q1 2025 was $665 million, a decrease of 4% year-over-year from $691 million in Q1 2024 [3][7] - Private Cloud revenue was $250 million, down 7% year-over-year from $268 million in Q1 2024 [3][4] - Public Cloud revenue was $416 million, a decrease of 2% year-over-year from $422 million in Q1 2024 [4][28] - Non-GAAP operating profit increased by 83% year-over-year to $26 million from $14 million in Q1 2024 [5][46] - Net loss for Q1 2025 was $(72) million, significantly improved from a net loss of $(641) million in Q1 2024 [5][50] Operational Metrics - Sales bookings grew by 9% in Q1 2025, indicating a strengthening sales pipeline across business units [2] - Cash flow from operating activities was $13 million for Q1 2025, compared to $143 million on a trailing twelve-month basis [7] Guidance - For Q2 2025, the company provided revenue guidance of $653 - $665 million, with Private Cloud revenue expected between $247 - $253 million and Public Cloud revenue between $406 - $412 million [8]