Rackspace Technology (RXT) news
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Rackspace joins Nvidia cloud partner program, announces Nvidia Blackwell-powered AI infrastructure for regulated enterprises and governments
Rackspace Technology has expanded its enterprise AI infrastructure offerings by joining the Nvidia Cloud Partner Program and announcing the deployment of Nvidia Blackwell-powered AI systems tailored for regulated enterprises and government clients. This move follows a strategic shift to provide…
AInvest Wire · Sep 10, 2026Rackspace Technology launches Rackspace Cloud
Rackspace Technology (NASDAQ: RXT) has introduced the Rackspace Cloud Management Platform, a new solution designed to enhance the management of hybrid and multicloud environments. The platform builds on the Rackspace Managed Cloud (RMC) offering, which was first launched in October 2023, and…
AInvest Wire · Aug 25, 2026Rackspace Tech public cloud president Sinha expected to depart
Rackspace Technology has reportedly announced plans to restructure its workforce, with approximately 750 positions expected to be eliminated as part of a broader strategic shift toward AI infrastructure investment. The move is being framed as a reallocation of resources rather than a cost-cutting…
AInvest Wire · Aug 24, 2026RXT still sees FY revenue $2.45B to $2.55B, estimated $2.5B
Rackspace Technology, Inc. (NASDAQ: RXT) has reaffirmed its full-year 2026 revenue guidance in the range of $2.45 billion to $2.55 billion, with the midpoint now estimated at $2.5 billion following downward revision from $2.65 billion . The adjustment, announced on July 9, 2026, reflects strategic…
AInvest Wire · Aug 10, 2026Rackspace Technology: to offer up to $250 mln of common stock - SEC filing (adds dropped word 'stock')
Rackspace Technology, Inc. has filed with the Securities and Exchange Commission (SEC) to offer up to $250 million of its common stock, according to a recent SEC filing. The company, which went public in August 2020, is a leading end-to-end multicloud technology services provider, offering services…
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