Proven operator across services, infrastructure, software, and AI to advance customer outcomes Gajen Kandiah Gajen Kandiah has been appointed Rackspace Technology, Chief Executive Officer, effective September 3, 2025. SAN ANTONIO, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global provider of hybrid cloud and AI solutions, today announced that its Board of Directors has appointed Gajen Kandiah as Chief Executive Officer, effective September 3, 2025. Under Mr. Kandiah’s lead ...

SAN ANTONIO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology®, a leading end-to-end hybrid cloud and AI solutions company, and SMPL-C, an AI-powered compliance automation platform, today announced their “Better Together” strategic partnership. The partnership will be delivered through Rackspace Technology Government Solutions, the company’s specialized division focused on secure, CMMC-authorized cloud infrastructure and compliance services for federal, state and local agencies as well as the defense ...

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]

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].

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]