Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. Its Apps & Cross Platform segment includes managed applications; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting and data services; and professional services related to designing and implementing application, security, and data services. The company serves financial, government, healthcare, manufacturing, non-profit, education, consumer goods, oil and gas, media and entertainment, automotive and transportation, food and beverage, travel and hospitality, retail, and public sectors, as well as SaaS and ISV clients. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
IPO Year: 2020
Exchange: NASDAQ
Website: rackspace.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2023 | $1.40 | Neutral | UBS |
| 9/19/2023 | $3.50 | Mkt Perform → Outperform | Raymond James |
| 7/25/2023 | $1.25 → $1.50 | Neutral → Sell | Citigroup |
| 10/11/2022 | $9.00 → $5.00 | Outperform → In-line | Evercore ISI |
| 8/16/2022 | $7.00 → $5.00 | Neutral → Underweight | JP Morgan |
| 8/11/2022 | $9.00 → $7.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 8/10/2022 | Outperform → Mkt Perform | William Blair | |
| 8/10/2022 | Outperform → Mkt Perform | Raymond James | |
| 7/15/2022 | $5.00 | Equal Weight → Underweight | Barclays |
| 5/11/2022 | $12.00 | Mkt Perform → Outperform | Raymond James |
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
Revenue of $676 million in the Third Quarter, down 8% Year-over-YearPrivate Cloud Revenue was $258 million, down 14% Year-over-YearPublic Cloud Revenue was $418 million, down 3% Year-over-YearThird Quarter 2024 Cash Flow From Operating Activities was $52 million SAN ANTONIO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its third quarter ended September 30, 2024. Amar Maletira, Chief Executive Officer, stated, "Our third-quarter results exceeded the midpoint of our guidance for revenue, operating profit, and EPS. Bookings grew double digits with Public Cloud postin
SAN ANTONIO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT)— a leading hybrid, multicloud, and AI solutions company, today announced that it will release its third quarter 2024 financial results after the market closes on Tuesday, November 12, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (November 12, 2024) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace
Revenue of $685 million in the Second Quarter, down 8% Year-over-YearPrivate Cloud Revenue was $260 million, down 17% Year-over-YearPublic Cloud Revenue was $425 million, down 2% Year-over-YearSecond Quarter 2024 Cash Flow From Operating Activities was $24 million; Cash Flow From Operating Activities was $273 million on a Trailing-Twelve-Month Basis SAN ANTONIO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its second quarter ended June 30, 2024. Amar Maletira, Chief Executive Officer, stated, "Our second quarter financial results once again exceede
SAN ANTONIO, July 22, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT)— the leading end-to-end, hybrid multicloud, and AI solutions company, today announced that it will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (August 8, 2024) at 5:00 PM EDT to discuss the Company's financial results. Interested parties may access the conference call as follows:USA & Canada - Toll-Free (800) 715-9871International - Toll (646) 307-1963 Conference ID: 4653491 To listen to the live webcast or access
Revenue of $691 million in the First Quarter, down 9% Year-over-YearPrivate Cloud Revenue was $268 million, down 15% Year-over-YearPublic Cloud Revenue was $422 million, down 5% Year-over-YearFirst Quarter 2024 Cash Flow Used in Operating Activities was $(90) million which includes certain one-time fees related to the debt refinancing; Cash Flow From Operating Activities was $287 million on a Trailing-Twelve-Month Basis SAN ANTONIO, May 09, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its first quarter ended March 31, 2024. Amar Maletira, Chief Executive Officer, stated, "
SAN ANTONIO, April 24, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT)— the leading end-to-end, hybrid multicloud and AI technology solutions company, today announced that it will release its first quarter 2024 financial results after the market closes on Thursday, May 9, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (May 9, 2024) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir
Fourth Quarter Revenue of $720 million, down 9% Year-over-Year; 2023 Revenue of $2,957 million, down 5% Year-over-YearFourth Quarter Private Cloud Revenue of $285 million, down 14% Year-over-Year; 2023 Private Cloud Revenue of $1,210 million, down 12% Year-over-YearFourth Quarter Public Cloud Revenue of $435 million, down 5% Year-over-Year; 2023 Public Cloud Revenue of $1,747 million up 0.4% Year-over-YearFourth Quarter Cash Flow From Operating Activities of $72 million; 2023 Cash Flow From Operating Activities of $375 millionSince start of 2023, Estimated Net Financial Debt Reduction of over $900 million through Debt Repurchases and Refinancings, Lowering Net Annual Interest Expense by appr
SAN ANTONIO, March 07, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT) — a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced that it will release its fourth quarter and full year 2023 financial results after the market closes on Tuesday, March 12, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (March 12, 2024) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link:
Revenue of $732 million in the Third Quarter, down 7% Year-over-YearPrivate Cloud Revenue was $300 million, down 13% Year-over-YearPublic Cloud Revenue was $433 million, down 3% Year-over-YearThird Quarter 2023 Cash Flow from Operating Activities was $267 million; Cash Flow From Operating Activities was $330 million on a Trailing-Twelve-Month Basis SAN ANTONIO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced results for its third quarter ended September 30, 2023. Amar Maletira, Chief Executive Officer, stated, "Fiscal third quarter 2023 results exceeded the midpoin
SAN ANTONIO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT) — a leading end-to end, hybrid multicloud technology solutions company, today announced that it will release its third quarter 2023 financial results after the market closes on Tuesday, November 7, 2023. Amar Maletira, Chief Executive Officer, and Bobby Molu, Chief Financial Officer, will host a conference call on the day of the release (November 7, 2023) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https:/
SAN ANTONIO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading hybrid, multicloud, and AI technology services company, today announced the launch of Rackspace Technology Adaptive Cloud Manager, a proprietary solution built by leveraging Microsoft Azure Arc technology with Rackspace services automation to onboard customers to hybrid cloud architectures with Microsoft Azure. By integrating hybrid cloud information into a centralized dashboard, Rackspace Adaptive Cloud Manager improves observability, licensing efficiency, and security monitoring across workloads in both private and public cloud environments while making it easier to onboard customers into hyb
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 over 38,000 concurrent users. Rackspace Technology is fully hosting and managing the Epic environment as well as nine other strategic applications in the AdventHealth IT portfolio. "We
Revenue of $676 million in the Third Quarter, down 8% Year-over-YearPrivate Cloud Revenue was $258 million, down 14% Year-over-YearPublic Cloud Revenue was $418 million, down 3% Year-over-YearThird Quarter 2024 Cash Flow From Operating Activities was $52 million SAN ANTONIO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, today announced results for its third quarter ended September 30, 2024. Amar Maletira, Chief Executive Officer, stated, "Our third-quarter results exceeded the midpoint of our guidance for revenue, operating profit, and EPS. Bookings grew double digits with Public Cloud postin
SAN ANTONIO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading hybrid, multicloud, and AI technology services company, announced today that it will work with Amazon Web Services (AWS), an Amazon.com, Inc. company, as part of the company's new Generative AI Partner Innovation Alliance. The Generative AI Partner Innovation Alliance will help scale and expand the reach of the AWS Generative AI Innovation Center (GenAIIC) - a program that helps AWS customers successfully build and deploy generative AI solutions. Initially launched in June 2023, the AWS GenAIIC connects customers with AWS AI/ML scientists and strategy experts, and help companies envision, identify
SAN ANTONIO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading hybrid, multicloud, and AI technology services company, today announced the expansion of Rackspace Spot with a new geographic location and an on-demand GPU-as-a-Service powered by NVIDIA accelerated computing. The expansion comes as the demand for compute power is expected to continue to grow at a rapid pace. According to IDC, AI datacenter capacity is "projected to have a compound annual growth rate (CAGR) of 40.5% through 2027."[1] Rackspace Spot addresses that demand as a premier platform for computation-intensive applications like artificial intelligence, machine learning, and data analytics by
SAN ANTONIO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading hybrid, multicloud, and AI technology services company, announced today that it has signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), with plans to offer end-to-end cloud advisory, fin-ops, migration, modernization, cloud data, machine learning (ML) and generative AI solutions to accelerate customer value across their cloud adoption journey. The SCA includes a significant investment to help customers accelerate their migration and modernization initiatives for applications, data, and cloud infrastructure through the global expansion of the Rackspace Technology Migra
SAN ANTONIO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end, hybrid, multicloud, and AI solutions company, announced today that it has achieved the Amazon Web Services (AWS) Small and Medium Business (SMB) Competency. This specialization recognizes Rackspace Technology as an AWS Partner with a unique focus on SMB customers. Achieving the AWS SMB Competency differentiates Rackspace Technology as an AWS Partner with demonstrated proficiency and proven customer success, helping SMBs solve their business and technical problems. Rackspace Technology is equipped to handle these challenges with solutions designed with their customers' unique needs in
SAN ANTONIO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT)— a leading hybrid, multicloud, and AI solutions company, today announced that it will release its third quarter 2024 financial results after the market closes on Tuesday, November 12, 2024. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (November 12, 2024) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace
SAN ANTONIO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end, multicloud, AI technology solutions company, today announced it has been named as a leader in four quadrants: Professional Services, Managed Services, Data Analytics, AI and ML, and SAP Workloads in the 2024 ISG Provider Lens™ AWS Ecosystem Partners Report for the US due to its numerous AWS competencies, partner programs and the extensive AWS certifications. "As companies are transitioning to AWS, they need a trusted partner to assist and optimize their cloud environments," said D K Sinha, President Public Cloud, Rackspace Technology. "Our comprehensive AWS services emphasize our capab
SAN ANTONIO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading hybrid, multicloud, and AI solutions company, today announced its enhanced commitment to the global OpenInfra Foundation by joining the OpenInfra Foundation Board of Directors and becoming an OpenStack community Platinum Member. This highest level of membership includes representation on the Board of Directors, the ability to influence the strategic direction of the OpenInfra Foundation community and the industry, access to open group forums and work groups, and the ability to fast-track standards. Rackspace Technology partnered with NASA in 2010 to launch OpenStack, an open-source cloud software
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Basware partnered with Rackspace Technology to experiment with training code-generating language models using Amazon Bedrock and Amazon Web Services (AWS). This enabled Basware to innovate faster for its customers, accelerating time to value. This in turn can enable its customers to focus on their everyday business operations rather than the technology implementation.
Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell sharply during Monday's session after the company announced a workforce reduction. SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments. SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Autonomix Medical, Inc. (NASDAQ:AMIX) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Gener
Gainers Alpine 4 Holdings (NASDAQ:ALPP) stock rose 8.6% to $0.55 during Thursday's after-market session. The company's market cap stands at $14.9 million. Soluna Holdings (NASDAQ:SLNH) shares rose 7.87% to $6.3. The market value of their outstanding shares is at $24.7 million. UTime (NASDAQ:WTO) shares rose 5.93% to $0.56. The company's market cap stands at $217.6 million. ClearOne (NASDAQ:CLRO) stock increased by 5.18% to $0.71. The market value of their outstanding shares is at $17.0 million. MariaDB (NYSE:MRDB) shares increased by 4.92% to $0.54. The market value of their outstanding shares is at $36.9 million. DatChat (NASDAQ:DATS) stock moved upwards by 4.83% to $1.3. The market v
Gainers Duos Technologies Group (NASDAQ:DUOT) shares moved upwards by 5.3% to $2.95 during Monday's after-market session. The company's market cap stands at $22.2 million. DXC Technology (NYSE:DXC) stock increased by 4.06% to $19.2. The company's market cap stands at $3.4 billion. T Stamp (NASDAQ:IDAI) shares increased by 3.53% to $0.59. The market value of their outstanding shares is at $6.2 million. EMCORE (NASDAQ:EMKR) stock moved upwards by 3.43% to $0.87. The company's market cap stands at $7.1 million. Rackspace Tech (NASDAQ:RXT) stock moved upwards by 3.38% to $2.44. The market value of their outstanding shares is at $546.1 million. SMX (Security Matters) (NASDAQ:SMX) stock move
Gainers Braze (NASDAQ:BRZE) stock rose 15.0% to $42.31 during Friday's pre-market session. The market value of their outstanding shares is at $4.2 billion. As per the news, the Q1 earnings report came out yesterday. Presto Automation (NASDAQ:PRST) shares increased by 10.54% to $0.08. The company's market cap stands at $9.7 million. Sequans Communications (NYSE:SQNS) stock rose 9.32% to $0.7. The market value of their outstanding shares is at $43.3 million. Ascent Solar Technologies (NASDAQ:ASTI) shares rose 8.57% to $0.12. The market value of their outstanding shares is at $11.1 million. Rekor Systems (NASDAQ:REKR) stock increased by 7.49% to $1.72. The company's market cap stands at $1
U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 20 points on Wednesday. Shares of DLocal Limited (NASDAQ:DLO) fell sharply in today's pre-market trading after the company reported weaker-than-expected first-quarter earnings and said there is a greater likelihood of coming in towards the lower end of its guidance range. DLocal posted GAAP earnings of 6 cents per share, compared to market estimates of 12 cents per share. The company's sales came in at $184.00 million missing expectations of $189.98 million, according to data from Benzinga Pro. DLocal shares dipped 26.6% to $9.97 in pre-market trading. Here are some big stocks recording loss
As of May 13, 2024, five stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Rackspace Technology, Inc. (NASDAQ:RXT) On May 9, Rackspace Tech posted upbeat qu
Gainers Akoustis Technologies (NASDAQ:AKTS) shares moved upwards by 10.9% to $0.63 during Friday's after-market session. The company's market cap stands at $62.1 million. Ascent Solar Technologies (NASDAQ:ASTI) stock increased by 4.83% to $0.1. The market value of their outstanding shares is at $2.1 million. CISO Global (NASDAQ:CISO) stock moved upwards by 4.12% to $0.91. The company's market cap stands at $11.0 million. Cyngn (NASDAQ:CYN) shares rose 3.83% to $0.08. The company's market cap stands at $8.5 million. The company's, Q1 earnings came out 2 days ago. Rackspace Tech (NASDAQ:RXT) shares moved upwards by 3.55% to $2.04. The company's market cap stands at $456.1 million. The com
Rackspace Tech (NASDAQ:RXT) reported quarterly losses of $(0.11) per share which beat the analyst consensus estimate of $(0.13) by 15.38 percent. The company reported quarterly sales of $691.000 million which beat the analyst consensus estimate of $684.252 million by 0.99 percent. This is a 8.92 percent decrease over sales of $758.700 million the same period last year.
UBS initiated coverage of Rackspace Technology with a rating of Neutral and set a new price target of $1.40
Raymond James upgraded Rackspace Technology from Mkt Perform to Outperform and set a new price target of $3.50
Citigroup downgraded Rackspace Technology from Neutral to Sell and set a new price target of $1.50 from $1.25 previously
Evercore ISI downgraded Rackspace Technology from Outperform to In-line and set a new price target of $5.00 from $9.00 previously
JP Morgan downgraded Rackspace Technology from Neutral to Underweight and set a new price target of $5.00 from $7.00 previously
RBC Capital Mkts downgraded Rackspace Technology from Outperform to Sector Perform and set a new price target of $7.00 from $9.00 previously
William Blair downgraded Rackspace Technology from Outperform to Mkt Perform
Raymond James downgraded Rackspace Technology from Outperform to Mkt Perform
Barclays downgraded Rackspace Technology from Equal Weight to Underweight and set a new price target of $5.00
Raymond James upgraded Rackspace Technology from Mkt Perform to Outperform and set a new price target of $12.00
Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (
SAN ANTONIO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid, multicloud technology solutions company, today announced the appointment of Mark Gross to its Board of Directors. Gross is an experienced and dynamic leader with over 25 years of broad-based experience, financial expertise, and deep insight into leading business transformations. Gross succeeds Thomas Cole, who unexpectedly passed away over the recent holiday season. "We were fortunate to find Mark, a seasoned executive with financial expertise and broad business experience to complement our current Board. We look forward to his guidance, helping to further solidify our market po
SAN ANTONIO, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced the appointment of Mark Marino as Chief Financial Officer (CFO), effective immediately. Marino previously served as the Company's Chief Accounting Officer and succeeds Naushaza "Bobby" Molu. Molu resigned his position to pursue a new opportunity in the UK, where he resides. He will remain with Rackspace Technology in an advisory role through late February to ensure a seamless transition. "I am delighted to welcome Mark as our CFO," said Amar Maletira, Chief Executive Officer. "Having worked with Mark since I joined Rackspa
TEL AVIV, Israel, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions, today announced that it has appointed Mr. Alex Pinchev to serve as an independent director of Radware's Board of Directors. Mr. Pinchev will serve as a member of the Board until the company's next annual meeting of shareholders when his appointment will be up to a shareholder vote. "Mr. Pinchev brings a wealth of experience to Radware's board," said Yuval Cohen, chairman of Radware's Board of Directors. "His proven track record in managing successful global businesses brings a valuable perspective to Radware's strategy as we remain focused
SAN ANTONIO, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Thomas Cole to the Board of Directors. Cole is an experienced finance executive with an illustrious 37-year career on Wall Street. "Tom brings a wealth of executive leadership and financial expertise to the Rackspace Board, making him a valuable addition," said Amar Maletira, Chief Executive Officer Rackspace Technology. "Tom's addition to our board will help further solidify our market position as the leading multicloud solutions company." With extensive experience in investment banking, Cole spent 11 years at
SAN ANTONIO, May 09, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Betsy Atkins and Tony Scott to its board of directors, effective June 16, 2023. Dhiren Fonseca, who has served on the board since 2016, will step down to focus on other commitments also effective June 16, 2023. "Betsy is a well-recognized expert on corporate governance with a wealth of executive leadership experience across a range of global companies and industries," said Amar Maletira, CEO, Rackspace Technology. Maletira added, "Tony's executive leadership and esteemed industry reputation as a CIO for mega-cap
SAN ANTONIO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Anthony Roberts to its board of directors, effective as of January 30, 2023. Roberts is filling the board seat recently vacated by Tim Campos who stepped down due to his increase of time commitments related to his new role as Chief Information Officer at Apple. "I am thrilled to welcome Anthony to our Board of Directors. His extensive experience as a senior technology executive and board director, will be a tremendous asset as we further solidify our market position as the leading pureplay multicloud solutions c
SAN ANTONIO, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT) — a leading end-to-end, multicloud technology solutions company, today announced the appointment of Brian Lillie as President of Private Cloud business unit, effective January 23, 2023. Lillie's appointment completes the company's realignment as it begins executing its two-business unit operating model. Late last year, Rackspace tapped D K Sinha to lead its Public Cloud business unit. "I am thrilled to welcome Brian to Rackspace Technology," said Amar Maletira, CEO of Rackspace Technology. "Brian's thirty years of vast technology experience and proven track record coupled with his strategic thinking and exec
SAN ANTONIO, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT) — a leading end-to-end, multicloud technology solutions company, today announced the appointment of Bobby Molu as Chief Financial Officer, effective January 16, 2023. Molu is filling the Rackspace Technology CFO role following the appointment of Amar Maletira to Chief Executive Officer in September 2022. "As we continue the transformation of Rackspace Technology, I am thrilled to welcome Bobby to the company. He is a seasoned finance executive with a solid track record of success," said Amar Maletira, CEO, of Rackspace Technology. "Bobby's global experience and a career spanning two decades in numerous fina
SAN ANTONIO, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Shashank Samant as the Lead Director of its Board of Directors, effective as of November 9, 2022. Mr. Samant has substantial global technology services industry experience, with particular expertise in the software and digital products verticals. He has served on the Rackspace Technology board since October 19, 2021. "Shashank and I have known each other for many years. Over the past year, we have worked closely together on Rackspace Technology's strategy and operating model. I am pleased that I can no