OverviewSuggest Edit

Rackspace Technology is a provider of managed services across public and private cloud technologies. It offers a portfolio of applications, data, security, and infrastructure services that enable digital transformation. The company serves a variety of industries, including healthcare, government, financial services, energy solutions, retail and e-commerce, digital agencies, and media and entertainment.

TypePublic
Founded1998
HQSan Antonio, TX, US
Websiterackspace.com
Overall CultureB-

Latest Updates

Employees (est.) (May 2020)6,800
Revenue (FY, 2015)$2 B(+12%)
Share Price (Feb 2021)$20.9 (-16%)
Cybersecurity ratingDMore

Key People/Management at Rackspace Technology

Kevin M. Jones

Kevin M. Jones

Chief Executive Officer, Director
Subroto Mukerji

Subroto Mukerji

Chief Operating Officer
Holly Windham

Holly Windham

Chief Legal and People Officer
Jeff Deverter

Jeff Deverter

Chief Technology Officer, Product & Services
Taylor Bird

Taylor Bird

VP, AWS Solutions & Partnerships
Sandeep Bhargava

Sandeep Bhargava

Managing Director of Asia Pacific/Japan
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Rackspace Technology Office Locations

Rackspace Technology has offices in San Antonio, Franklin Township, Irvine, Reston and in 19 other locations
San Antonio, TX, US (HQ)
1 Fanatical Pl
Franklin Township, NJ, US
202 Campus Dr, Somerset
Irvine, CA, US
7700 Irvine Center Dr #400
Reston, VA, US
1902 Campus Commons Dr
Tulsa, OK, US
7847, 7877 E 51st St
Brisbane City, AU
310 Edward St
Show all (26)

Rackspace Technology Financials and Metrics

Rackspace Technology Revenue

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View revenue for all periods
Rackspace Technology's revenue was reported to be $2 b in FY, 2015 which is a 11.5% increase from the previous period.
USD

Revenue (Q3, 2016)

516.2m

Gross profit (Q3, 2016)

332.3m

Gross profit margin (Q3, 2016), %

64.4%

Net income (Q3, 2016)

38.6m

EBIT (Q3, 2016)

70.2m

Market capitalization (19-Feb-2021)

4.2b

Closing stock price (19-Feb-2021)

20.9

Cash (30-Sept-2016)

632.1m

EV

4.1b
Rackspace Technology's current market capitalization is $4.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015

Revenue

1.5b1.8b2.0b

Revenue growth, %

17%12%

Cost of goods sold

494.8m587.5m681.6m

Gross profit

1.0b1.2b1.3b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

421.0m441.2m459.7m480.2m489.4m508.9m518.1m523.6m516.2m

Cost of goods sold

140.4m145.1m142.9m162.8m165.4m172.7m180.4m171.5m183.9m

Gross profit

280.6m296.1m316.8m317.4m324.0m336.2m337.7m352.1m332.3m

Gross profit Margin, %

67%67%69%66%66%66%65%67%64%
Annual
USDFY, 2013FY, 2014FY, 2015

Cash

259.7m213.5m484.7m

Accounts Receivable

123.9m156.5m174.4m

Prepaid Expenses

30.8m33.6m46.6m

Current Assets

439.0m412.4m718.4m
Annual
USDFY, 2013FY, 2014FY, 2015

Net Income

85.3m107.4m122.4m

Depreciation and Amortization

313.1m371.9m399.9m

Accounts Payable

35.3m55.4m49.2m

Cash From Operating Activities

444.1m542.5m583.6m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

25.4m47.9m73.6m27.5m55.8m91.3m48.8m84.6m123.2m

Depreciation and Amortization

87.8m178.4m276.7m96.9m194.6m295.9m104.0m208.6m309.5m

Accounts Payable

30.3m52.0m93.9m26.9m42.9m45.7m20.8m41.2m15.6m

Cash From Operating Activities

141.7m266.2m391.6m145.3m268.2m379.6m156.2m321.1m469.9m
USDFY, 2013

Debt/Equity

0.1 x

Financial Leverage

1.4 x
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Rackspace Technology Operating Metrics

Rackspace Technology's Customers was reported to be 140 k in Apr, 2018.
FY, 2013FY, 2014FY, 2015Q2, 2016Q3, 2016Apr, 2018May, 2019Oct, 2019Jun, 2020

Customers

200 k300 k300 k140 k

Countries

120 120 120 120 120 150 150 150

Data Centers

11 11 11 19 19 19

Openstack Managed Server Hours

1 b1 b1 b
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Rackspace Technology Acquisitions / Subsidiaries

Company NameDateDeal Size
RelationEdge LLCMay 17, 2018
DatapipeSeptember 11, 2017
TriCore SolutionsMay 24, 2017
ZeroVMOctober 24, 2013
Airbrake.ioMarch 28, 2013
ObjectRocketFebruary 27, 2013
Anso LabsFebruary 09, 2011
CloudkickDecember 16, 2010
Jungle DiskOctober 23, 2008$11.50 m
SlicehostOctober 22, 2008
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Rackspace Technology Revenue Breakdown

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Rackspace Technology revenue breakdown by geographic segment: 68.3% from United States and 31.7% from International

Rackspace Technology Cybersecurity Score

Cybersecurity ratingPremium dataset

D

67/100

SecurityScorecard logo

Rackspace Technology Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Rackspace Technology Online and Social Media Presence

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Rackspace Technology Company Culture

  • Overall Culture

    B-

    69/100

  • CEO Rating

    B+

    74/100

  • Compensation

    B

    73/100

  • Diversity

    B

    71/100

Learn more on Comparably

Rackspace Technology News and Updates

CORRECTING and REPLACING - Rackspace Technology Reports Fourth Quarter and Full Year 2020 Results

SAN ANTONIO, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Please note this release is the corrected version to replace a release issued under the same headline earlier today by Rackspace Technology, Inc. (Nasdaq: RXT). The corrected release follows:

Earnings Results: Rackspace stock sinks despite bookings and revenue growth

Cloud-services provider Rackspace Technology Inc. shares fall sharply even after its CEO said that the company's fourth quarter "capped off a fantastic year," during which bookings and revenue grew.

Rackspace Technology and HiMed Improve Patient Care with Cloud-Based Record Keeping

SAN ANTONIO, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the results and solution details of its successful collaboration with HiMed Solutions to implement cloud-based record keeping for patien…

Rackspace Technology Partners with Microcomputer Consulting Group (MCG) To Ensure Secure, Seamless Work Amid the Pandemic

SAN ANTONIO, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the successful collaboration with Microcomputer Consulting Group (MCG), a leading IT outsourcing provider, to provide a more secure, sea…

Tessitura Network Taps Rackspace Technology to Accelerate Business Growth & Develop New Features for the Arts and Culture Community

SAN ANTONIO, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the successful completion of work with Tessitura Network, an enterprise CRM for performing arts organizations, museums, and other cultur…

Rackspace Technology and Google Cloud Bring Optimized Promotions and Dynamic Disaster Recovery to Mrs. T’s Pierogies

Migration from SAP to Google Cloud allowed Mrs. T’s to experience a 60% acceleration in batch transitions and on-screen end-user transactions Migration from SAP to Google Cloud allowed Mrs. T’s to experience a 60% acceleration in batch transitions and on-screen end-user transactions
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Rackspace Technology Blogs

The Rackspace Technology guide to protecting your business with Microsoft 365

The Rackspace Technology guide to protecting your business with Microsoft 365 nellmarie.colman Mon, 02/22/2021 - 08:21   In today’s hyper-connected world, protecting your business from internal and external cybersecurity threats is a never-ending battle. Cybercriminals and other bad actors continue …

2021 brings the human element back to technology

2021 brings the human element back to technology nellmarie.colman Fri, 02/19/2021 - 12:11   When looking ahead to 2021, there’s certainly a lot to be said about AI and machine learning, IoT, multicloud, hybrid cloud and cloud native. But this time, I want to look at other larger issues that will con…

Data analytics for financial services

Data analytics for financial services nellmarie.colman Wed, 02/17/2021 - 19:30   Financial services organizations today face major challenges. Their customers expect high-quality digital experiences — such as video tellers, AI-driven business advisors and fast onboarding that delivers instant decisi…

Winter storms operational update

Winter storms operational update nellmarie.colman Wed, 02/17/2021 - 14:11   Rackspace Technology continues to support customers around the United States and globally without major impact despite record or near-record cold temperatures across the US. Each of our data centers is designed with redundan…

Five keys to cutting costs and boosting performance on Azure

Five keys to cutting costs and boosting performance on Azure nellmarie.colman Mon, 02/15/2021 - 12:40   Microsoft Azure is a powerful and robust cloud platform with the potential to dramatically reduce your infrastructure costs, deliver faster development and innovation lifecycles, and increase your…

Today’s private cloud is alive and well in modern IT

Today’s private cloud is alive and well in modern IT nellmarie.colman Fri, 02/12/2021 - 07:09   When you think of private cloud, chances are you think of dedicated infrastructure that lives in your on-premises data center, a colocation facility or at a managed hosting facility. You probably think o…
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Rackspace Technology Frequently Asked Questions

  • When was Rackspace Technology founded?

    Rackspace Technology was founded in 1998.

  • Who are Rackspace Technology key executives?

    Rackspace Technology's key executives are Kevin M. Jones, Subroto Mukerji and Holly Windham.

  • How many employees does Rackspace Technology have?

    Rackspace Technology has 6,800 employees.

  • What is Rackspace Technology revenue?

    Latest Rackspace Technology annual revenue is $2 b.

  • What is Rackspace Technology revenue per employee?

    Latest Rackspace Technology revenue per employee is $294.3 k.

  • Who are Rackspace Technology competitors?

    Competitors of Rackspace Technology include World Wide Technology, TierPoint and CloudVelox.

  • Where is Rackspace Technology headquarters?

    Rackspace Technology headquarters is located at 1 Fanatical Pl, San Antonio.

  • Where are Rackspace Technology offices?

    Rackspace Technology has offices in San Antonio, Franklin Township, Irvine, Reston and in 19 other locations.

  • How many offices does Rackspace Technology have?

    Rackspace Technology has 26 offices.