Core Insights - Rackspace Technology Inc. has experienced a significant decline in stock performance, with a drop of over 45% in the last year and continued challenges in 2025 [1] - The company is focusing on stabilizing its private cloud revenue and expanding its market presence, particularly in mid-market and enterprise segments [2] - The appointment of Gajen Kandiah as the new CEO is seen as a potential turning point for the company, as he is expected to lead an AI-first multi-cloud strategy [3] - Rackspace has achieved the AWS Automotive Competency, indicating its capability in supporting digital transformation for automotive companies [4] Company Challenges - The company is facing slowing growth, mounting losses, and a lack of transformational deals, alongside significant leverage [1] - Despite some improvements in cash flow generation, strong execution of its strategy is necessary to regain investor confidence [2] Strategic Developments - The new CEO, Gajen Kandiah, brings expertise in services, infrastructure, software, and AI, which may help in reversing the company's current performance slide [3] - The AWS Automotive Competency achievement highlights Rackspace's commitment to enhancing its service offerings in the automotive sector [4]