In Q1 FY2026 (ended March 31, 2026), Rackspace Technology reported revenue of $678.1 million, up 1.9% year-over-year. Net income was $8.3 million, a significant improvement from a net loss in the prior year. Operating loss narrowed to $17.8 million from $38.4 million. Diluted EPS was $0.03, compared to a loss per share of $0.31 a year ago. The company had $93.6 million in cash, negative equity of $1.22 billion, and long-term debt of $2.71 billion.
•Revenue grew 1.9% YoY to $678.1 million.
•Net income turned positive at $8.3 million vs. a loss of $71.6 million a year ago.
•Operating loss improved 53.6% to $17.8 million.
•Diluted EPS was $0.03, up from a loss of $0.31 per share.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Rackspace Technology is a hybrid cloud and artificial intelligence solutions company globally. Its business is organized into two segments, Public Cloud and Private Cloud. The company offers programmatic infrastructure, including hardware and services for datacenter compute, network, storage, and data protection. Its portfolio also includes cloud operating systems, platform-as-a-service, private cloud solutions, and private cloud services, such as managed, professional, elastic engineering, and security services
An email platform for customers and carriers, as well as a cloud platform that offers platform-related services Including cloud strategy and architecture, platform and infrastructure migrations, and modern cloud infrastructure.
Its portfolio also includes cloud apps that build and manage applications within a cloud technology stack, and cloud data, which helps accelerate the adoption of modern data solutions enabling business transformation. Additionally, it offers cloud security that provides security solutions in security threat assessment and prevention.
Its portfolio also includes proactive threat detection and response, rapid remediation, governance, risk, and compliance assistance across multiple cloud platforms, and privacy and data protection services Including detailed access restrictions and reporting, as well as Rackspace AI, a portfolio of AI services and solutions to help organizations scale AI
Multi-cloud strategy, data and application modernization, cloud adoption, cloud-native enablement, SaaS lifecycle management, and data management services. The company serves the financial services, government, healthcare, manufacturing, non-profit, education, SaaS and ISV, consumer goods, oil and gas, and industries. Founded in 1998 and headquartered in San Antonio, Texas, Rackspace Technology was formerly known as Rackspace Corp. before rebranding in June 2020.
Rackspace Technology is a hybrid cloud and artificial intelligence solutions company that operates globally. Its business is organized into two segments: Public Cloud and Private Cloud. The company offers a wide range of services including programmatic infrastructure (hardware and services for datacenter compute, network, storage, and data protection), cloud operating systems, platform-as-a-service, private cloud solutions, and managed, professional, elastic engineering, and security services. Additionally, it provides cloud apps for building and managing applications, cloud data services to accelerate modern data solutions, cloud security including threat detection and response, governance, risk, compliance, and privacy services. Rackspace also offers Rackspace AI, a portfolio of AI services to help organizations scale AI, along with multi-cloud strategy, data and application modernization, cloud adoption, cloud-native enablement, and SaaS lifecycle management.
Where is Rackspace Technology (RXT) listed and in which currency?
Rackspace Technology is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol RXT. The company's stock is traded in US Dollars (USD), as it is headquartered in the United States. The exchange is one of the major US stock exchanges, providing liquidity and visibility for the company's shares.
What sector and industry does Rackspace Technology (RXT) operate in?
Rackspace Technology operates in the Technology sector, specifically within the Software - Infrastructure industry. This classification reflects the company's focus on providing cloud infrastructure, platform services, and software solutions that support enterprise IT operations. As a software-infrastructure company, Rackspace delivers hybrid cloud and AI solutions that enable businesses to manage their data, applications, and security across multiple cloud environments.
What are the main segments of Rackspace Technology (RXT)?
Rackspace Technology's business is organized into two main segments: Public Cloud and Private Cloud. The Public Cloud segment likely involves services related to public cloud platforms (such as AWS, Azure, or Google Cloud), including management, migration, and optimization. The Private Cloud segment focuses on dedicated, single-tenant cloud environments, offering private cloud solutions and services like managed, professional, elastic engineering, and security. These segments allow Rackspace to serve customers with varying needs, from those seeking scalable public cloud resources to those requiring more controlled private infrastructure.
What services does Rackspace Technology (RXT) offer in its portfolio?
Rackspace Technology offers a comprehensive portfolio of services. This includes programmatic infrastructure (hardware and services for datacenter compute, network, storage, and data protection), cloud operating systems, platform-as-a-service, private cloud solutions, and private cloud services such as managed, professional, elastic engineering, and security services. It also provides an email platform for customers and carriers, a cloud platform with services like cloud strategy and architecture, platform and infrastructure migrations, and modern cloud infrastructure. Additionally, its portfolio covers cloud apps for building and managing applications, cloud data services to accelerate modern data solutions, cloud security including threat assessment, prevention, detection, response, governance, risk, compliance, and privacy services. Rackspace AI is a dedicated portfolio of AI services and solutions to help organizations scale AI, along with multi-cloud strategy, data and application modernization, cloud adoption, cloud-native enablement, and SaaS lifecycle management.