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.) (Dec 2020)7,200(+6%)
Job Openings356
Revenue (FY, 2015)$2 B(+12%)
Share Price (Jul 2021)$18.5(+3%)
Cybersecurity ratingFMore

Key People/Management at Rackspace Technology

Kevin M. Jones

Kevin M. Jones

Director & Chief Executive Officer
Subroto Mukerji

Subroto Mukerji

Executive Vice President & Chief Operating Officer
Amar Maletira

Amar Maletira

President and Chief Financial Officer
Taylor Bird

Taylor Bird

VP, AWS Solutions & Partnerships
Martin Blackburn

Martin Blackburn

Managing Director, EMEA
Neil Emerson

Neil Emerson

Chief Relationship Officer
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Rackspace Technology Office Locations

Rackspace Technology has offices in San Antonio, Franklin Township, Irvine, Reston and in 20 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
Melbourne, AU
15 William Street, Level 17-20 S 18003, S18005, S1800
Sydney, AU
Level 1/37 Pitt St
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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 (23-Jul-2021)

3.8b

Closing stock price (23-Jul-2021)

18.5

Cash (30-Sept-2016)

632.1m

EV

3.7b
Rackspace Technology's current market capitalization is $3.8 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

120120120120120150150150

Data Centers

111111191919

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$11.5 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

F

56/100

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

    70/100

  • CEO Rating

    A-

    74/100

  • Compensation

    B

    74/100

  • Diversity

    B

    71/100

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Rackspace Technology News and Updates

Rackspace Technology to Make $65-$70 million Investment in Growth Businesses; Increases Financial Guidance for the Second Quarter Of 2021

SAN ANTONIO, July 22, 2021 (GLOBE NEWSWIRE) -- Today Rackspace Technology® (NASDAQ: RXT) announced an expected $65-$70 million of new investments designed to closely align the company’s resources with fast-growing product and service offerings. The investments will enable acceleration of growth in…

Rackspace Technology to Announce Second Quarter 2021 Earnings on Wednesday, August 11, 2021

SAN ANTONIO, July 20, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ: RXT) today announced that it will release its second quarter 2021 financial results after the market closes on Wednesday, August 11, 2021. Kevin Jones, Chief Executive Officer, and Amar Maletira, President and Chief…

Rackspace Technology Wins 2020 Google Cloud Breakthrough North America Partner of the Year Award

SAN ANTONIO, July 20, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, today announced that it has received the 2020 Google Cloud Breakthrough North America Partner of the Year award.

Rackspace Technology Optimizes Zeotap Network Infrastructure by Implementing DevOps and Automating Internal Processes to Accelerate Product Delivery by 40%

SAN ANTONIO, July 15, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced it has worked with Zeotap, a leading customer intelligence platform, to optimize its network infrastructure by implementing DevOps and a…

Rackspace Technology underpins iPensions Group’s ambitious innovation and digital transformation strategy

Rackspace Technology & iPensions Group engagement drives tech-focused solutions within the SIPP market Rackspace Technology & iPensions Group engagement drives tech-focused solutions within the SIPP market

Rackspace Technology underpins iPensions Group’s ambitious innovation and digital transformation strategy

Rackspace Technology & iPensions Group engagement drives tech-focused solutions within the SIPP market Rackspace Technology & iPensions Group engagement drives tech-focused solutions within the SIPP market
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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 Amar Maletira.

  • How many employees does Rackspace Technology have?

    Rackspace Technology has 7,200 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 $278 k.

  • Who are Rackspace Technology competitors?

    Competitors of Rackspace Technology include Cegal, Google Workspace and World Wide Technology.

  • 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 20 other locations.

  • How many offices does Rackspace Technology have?

    Rackspace Technology has 27 offices.