Rackspace Technology/$RXT

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About Rackspace Technology

Rackspace Technology Inc is an end-to-end, hybrid, multi cloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in segments namely, Private Cloud, and Public Cloud. It generates revenue through the sale of consumption-based contracts for its service offerings and from the sale of professional services related to designing and building custom solutions.

Ticker

$RXT
Primary listing

Industry

IT Services

Employees

5,100

ISIN

US7501021056

RXT Metrics

BasicAdvanced
$304M
-
-$1.28
2.14
-

What the Analysts think about RXT

Analyst ratings (Buy, Hold, Sell) for Rackspace Technology stock.

Bulls say / Bears say

Rackspace Technology's strategic partnership with Google Cloud to enhance generative AI capabilities positions the company to capitalize on the growing demand for AI solutions. (nasdaq.com)
The launch of the Foundry for Generative AI by Rackspace (FAIR) demonstrates the company's commitment to innovation and could attract new clients seeking advanced AI services. (fool.com)
Despite recent financial challenges, Rackspace's focus on AI and cloud services aligns with industry trends, potentially leading to long-term growth as businesses increasingly adopt these technologies. (nasdaq.com)
Rackspace Technology reported a net loss of $863 million in 2024, indicating ongoing financial struggles that may deter investors. (ir.rackspace.com)
The company's revenue declined by 7% in 2024 compared to the previous year, reflecting challenges in maintaining market share amid competitive pressures. (ir.rackspace.com)
Non-GAAP Operating Profit decreased by 33% in 2024, suggesting that operational efficiencies are not offsetting revenue declines, which could impact future profitability. (ir.rackspace.com)
Data summarised monthly by Lightyear AI. Last updated on 15 Jun 2025.

RXT Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

RXT Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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