Rackspace Technology Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$RXT
Computer Software: Programming Data Processing
Technology
Get the next $RXT alert in real time by email
rxt-20241112
0001810019FALSE00018100192024-11-122024-11-12

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 12, 2024

RACKSPACE TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-39420
81-3369925
(State of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
19122 US Highway 281N, Suite 128
San Antonio, Texas 78258
(Address of principal executive offices, including zip code)

1-800-961-4454
(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)
Name of each exchange on which registered
Common stock, par value $0.01 per shareRXTThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 2.02.    Results of Operations and Financial Condition.

On November 12, 2024, Rackspace Technology, Inc. issued a press release announcing its financial results for the fiscal quarter ended September 30, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information contained in this report, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings, unless expressly incorporated by specific reference in such filing.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit NumberExhibit Description
99.1
104Cover Page Interactive Data File (formatted as Inline XBRL)
-2-


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

RACKSPACE TECHNOLOGY, INC.
Date:November 12, 2024By:/s/ Mark Marino
Mark Marino
Chief Financial Officer
-3-
Get the next $RXT alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$RXT

DatePrice TargetRatingAnalyst
11/7/2023$1.40Neutral
UBS
9/19/2023$3.50Mkt Perform → Outperform
Raymond James
7/25/2023$1.25 → $1.50Neutral → Sell
Citigroup
10/11/2022$9.00 → $5.00Outperform → In-line
Evercore ISI
8/16/2022$7.00 → $5.00Neutral → Underweight
JP Morgan
8/11/2022$9.00 → $7.00Outperform → Sector Perform
RBC Capital Mkts
8/10/2022Outperform → Mkt Perform
William Blair
8/10/2022Outperform → Mkt Perform
Raymond James
More analyst ratings

$RXT
Press Releases

Fastest customizable press release news feed in the world

See more
  • Rackspace Technology Powers Expansion and Application First Customer Engagement with Hybrid Cloud for Domino's Pizza UK & Ireland

    SAN ANTONIO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading provider of hybrid and AI technology solutions, today announced working with Domino's Pizza UK & Ireland Ltd. to enhance Domino's digital capabilities to support the company's growing store network through a robust hybrid cloud environment. Domino's Pizza UK & Ireland Ltd., the region's leading pizza delivery company, has redefined convenience and technology in the food delivery industry. As the master franchisee for the region, the company has transformed from a traditional takeaway business into a technology-driven enterprise, with most of its system sales flowing through digital channels and ne

    $RXT
    Computer Software: Programming Data Processing
    Technology
  • Rackspace Technology Reports Fourth Quarter and Full Year 2024 Results

    Fourth Quarter Revenue of $686 million, down 5% Year-over-Year; 2024 Revenue of $2,737 million, down 7% Year-over-YearFourth Quarter Private Cloud Revenue of $269 million, down 6% Year-over-Year; 2024 Private Cloud Revenue of $1,055 million, down 13% Year-over-YearFourth Quarter Public Cloud Revenue of $417 million, down 4% Year-over-Year; 2024 Public Cloud Revenue of $1,683 million down 3% Year-over-YearFourth Quarter Cash Flow From Operating Activities of $54 million SAN ANTONIO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced results for its fourth quarter and year ended December

    $RXT
    Computer Software: Programming Data Processing
    Technology
  • Seattle Children's Signs a Transformative Multi-Year Managed Cloud Agreement with Rackspace Technology

    SAN ANTONIO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced a significant partnership with Seattle Children's Hospital. Through the 10-year, multi-million-dollar agreement, Rackspace will provide an end-to-end managed cloud solution to transform Seattle Children's data center operations and modernize their infrastructure for clinical and non-clinical workloads, enabling them to shift to Rackspace's state-of-the-art Healthcare Cloud. The comprehensive managed cloud service agreement will deliver enhanced agility, reliability, scalability, and security while significantly reducing IT costs for

    $RXT
    Computer Software: Programming Data Processing
    Technology

$RXT
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$RXT
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$RXT
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$RXT
SEC Filings

See more

$RXT
Leadership Updates

Live Leadership Updates

See more
  • Investor Group Announces Slate of Highly Qualified, Independent Director Candidates and Proposed Management Team for Norfolk Southern Corporation

    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 (

    $ATKR
    $CHRW
    $CSX
    $ENVX
    Industrial Machinery/Components
    Miscellaneous
    Oil Refining/Marketing
    Consumer Discretionary
  • Rackspace Technology Appoints Experienced and Seasoned Executive Mark Gross to Board of Directors

    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

    $RXT
    Computer Software: Programming Data Processing
    Technology
  • Rackspace Technology Promotes Mark Marino to Chief Financial Officer

    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

    $RXT
    Computer Software: Programming Data Processing
    Technology

$RXT
Financials

Live finance-specific insights

See more
  • Rackspace Technology Reports Fourth Quarter and Full Year 2024 Results

    Fourth Quarter Revenue of $686 million, down 5% Year-over-Year; 2024 Revenue of $2,737 million, down 7% Year-over-YearFourth Quarter Private Cloud Revenue of $269 million, down 6% Year-over-Year; 2024 Private Cloud Revenue of $1,055 million, down 13% Year-over-YearFourth Quarter Public Cloud Revenue of $417 million, down 4% Year-over-Year; 2024 Public Cloud Revenue of $1,683 million down 3% Year-over-YearFourth Quarter Cash Flow From Operating Activities of $54 million SAN ANTONIO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced results for its fourth quarter and year ended December

    $RXT
    Computer Software: Programming Data Processing
    Technology
  • Rackspace Technology to Announce Fourth Quarter 2024 Earnings on February 20, 2025

    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 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

    $RXT
    Computer Software: Programming Data Processing
    Technology
  • Rackspace Technology Reports Third Quarter 2024 Results

    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

    $RXT
    Computer Software: Programming Data Processing
    Technology

$RXT
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more