Highest-materiality recent filing
Rackspace Q2 revenue $670M (+0.6% YoY), net loss widens to $68M
Revenue $670M, +0.6% reported (+0.4% cc) vs $666M prior year; Private Cloud $263M (+5.5%), Public Cloud $407M (-2.3%).
Rackspace cuts FY26 revenue guidance by $150M, launches $250M ATM, pivots to Enterprise AI
Preliminary Q2 2026 revenue $641-649M; GAAP net loss $(91)-$(62)M; Adj. EBITDA $58-62M.
Rackspace signs definitive GPUaaS agreement with AMD for 30 MW AI compute deployment
Initial 30 MW footprint dedicated to AMD Instinct GPUs (MI355X, MI350P) and EPYC CPUs, deployed late 2026 through 2028.
Rackspace to cut ~15% of workforce, shift resources to enterprise AI buildout
Terminations affect ~15% of global workforce, largely in Public Cloud business unit and geographic rationalizations.
Rackspace Q1 revenue $678M (+2% YoY); net income $8M; AMD AI MOU
Revenue $678M (+2% YoY); Public Cloud $443M (+7%), Private Cloud $235M (-6%).
Rackspace Q4 rev $683M (-0.4% YoY), Private Cloud -10%, Public Cloud +6%, net loss $(0.13)/share
Q4 revenue $683M, down 0.4% YoY; full-year revenue $2,686M, down 2% YoY.
Rackspace Technology director Vikram Mahidhar and President Srinivas Koushik resign
Director Vikram Mahidhar resigns effective Sept 30, 2025, due to departure from Apollo Global Management; no dispute with company.
Rackspace names Gajen Kandiah CEO, effective Sept 3; Maletira becomes Vice Chairman
Mr. Kandiah appointed CEO effective Sept 3, 2025; succeeds Amar Maletira who becomes Vice Chairman until Sept 30.
Rackspace Q2 revenue $666M (-3% YoY); non-GAAP op profit +34%, GAAP net loss $55M
Revenue $666M, down 3% YoY; Private Cloud $250M (-4%), Public Cloud $417M (-2%)
Rackspace Q1 revenue $665M (-4% YoY) beats guidance; Non-GAAP op profit up 83%
Revenue $665M, down 4% YoY; at high end of guidance range.
Rackspace Q4 revenue $686M (-5% YoY); net loss $(0.26) EPS; record bookings up 14%
Q4 revenue $686M (-5% YoY); FY24 revenue $2.74B (-7% YoY).
Rackspace appoints new director, chairman; President of Private Cloud departs; reaffirms Q4 guidance
Vikram Mahidhar (Apollo Operating Partner) appointed to Board; David Sambur and Susan Arthur resigned.
Rackspace Tech Q3 revenue $676M (-8% YoY); net loss $(0.82)/share
Revenue $676M, down 8% YoY; Private Cloud -14% to $258M, Public Cloud -3% to $418M.
Rackspace Q2 revenue $685M (-8% YoY); GAAP EPS $0.11, Non-GAAP loss $(0.08)
Revenue $685M, down 8% YoY; Private Cloud $260M (-17%), Public Cloud $425M (-2%).
Rackspace Technology Q1 revenue $691M (-9% YoY); Non-GAAP operating profit down 68% to $16M
Revenue $691M, down 9% YoY; Private Cloud $268M (-15%), Public Cloud $422M (-5%).
Rackspace closes early exchange of $133.3M notes; over 90% of existing secured notes now exchanged
Private exchange ($331.4M) and public early settlement ($133.3M) result in over 90% of $513.7M existing 3.50% notes exchanged or cancelled.
Rackspace reports 73.1% of existing secured notes tendered in exchange offer
$133.3M (73.1%) of 3.50% Senior Secured Notes due 2028 tendered by March 28 early deadline.
Rackspace launches exchange offer for 3.50% senior secured notes due 2028
Exchange offer for any and all existing 3.50% First-Priority Senior Secured Notes due 2028.
Rackspace launches debt exchange for up to $592.3M term loans, $418.8M new debt
Public Term Loan Exchange: up to $592.3M Existing Term Loans exchanged for $418.8M new first lien second out term loans.
Rackspace closes $1.9B debt exchange, cuts >$375M debt, extends maturities to 2028
Exchanged $331.4M of 3.50% secured notes and $1.59B of term loans with holders representing >64% and >72% of each class.
Bobby Molu resigns as EVP & CFO effective Jan 12, 2024; advisory role through Feb 23.
Rackspace Q3 revenue down 7% YoY to $732M; net loss $(1.05)/share; guides Q4 down
Revenue $732M (-7% YoY); Private Cloud $300M (-13%), Public Cloud $433M (-3%).
Rackspace enters $300M A/R facility, draws $209M; appoints Thomas Cole to board
Entered $300M receivables purchase facility with PNC; drew $209M on Sept 29, 2023.
Rackspace Q2 revenue down 3% YoY; Non-GAAP operating profit plunges 60%
Revenue $746M (-3% YoY); Public Cloud +3% to $435M, Private Cloud -11% to $311M.
Revenue $759M (-2% YoY); Public Cloud up 7% to $445M, Private Cloud down 12% to $314M.
Rackspace Q4 revenue $787M (+1% YoY); net loss $(214)M; $217M impairment; Q1 guidance weak
Q4 revenue $787M (+1% YoY); full year revenue $3,122M (+4% YoY).
Rackspace discloses ransomware incident affecting Hosted Exchange, causing service disruptions
Ransomware attack isolated to Hosted Exchange environment; other products and Rackspace Email unaffected.
Rackspace Technology appoints Bobby Molu as CFO effective January 16, 2023
Molu will receive $570k annual base salary, $500k signing bonus, RSUs of $2.5M, and PSUs of $2.5M.
Q3 rev +3% to $788M but GAAP net loss $(512)M on $405M goodwill impairment; guides Q4 below Q3
GAAP net loss $(512)M vs $(35M) YoY; diluted EPS $(2.43).
New CEO Amar Maletira receives $900,000 salary and 150% target bonus; one-time equity grant of ~$15M (50% RSUs, 50% PSUs).
Rackspace Technology names Amar Maletira CEO; reaffirms Q3 2022 guidance
Amar Maletira appointed CEO effective Sept 23, 2022, replacing Kevin Jones.
Mr. Dharmendra Kumar Sinha is expected to depart from his position as President, Public Cloud of Rackspace Technology, Inc., effective on or about September 14, 2026.
appointed Mr. Vikram Mahidhar as a director of the Company.
Mr. David Sambur and Ms. Susan Arthur resigned as members of the Board (and, with respect to Mr. Sambur, as chairman of the Board and as member of the Board's nominating and corporate governance, compensation and executive committees).
Mr. David Sambur and Ms. Susan Arthur resigned as members of the Board (and, with respect to Mr. Sambur, as chairman of the Board and as member of the Board's nominating and corporate governance, compensation and executive committees).
Effective February 6, 2023, the board of directors (the "Board") of the Company, with the recommendation of the Nominating and Corporate Governance Committee, appointed Mr. Mark Gross as a member of the Board.
Mr. Cole unexpectedly passed away over the recent holiday season.
Effective January 12, 2024, the Company appointed Mr. Mark Marino as Chief Financial Officer.
Mr. Naushaza "Bobby" Molu informed the Company of his intention to resign as Executive Vice President and Chief Financial Officer
Effective October 2, 2023, the board of directors (the "Board") of the Company, with the recommendation of the Nominating and Corporate Governance Committee, appointed Mr. Thomas Cole as a member of the Board.
Mr. Dhiren Fonseca notified the board of directors (the "Board") of Rackspace Technology, Inc. (the "Company") that he intends to resign as member of the Board and as a member of the audit committee of the Board effective June 16, 2023.
the Board, with the recommendation of the Nominating and Corporate Governance Committee, appointed Ms. Betsy Atkins and Mr. Anthony Scott as members of the Board, to become effective on June 16, 2023 following the resignation of Mr. Fonseca.
the Board, with the recommendation of the Nominating and Corporate Governance Committee, appointed Ms. Betsy Atkins and Mr. Anthony Scott as members of the Board, to become effective on June 16, 2023 following the resignation of Mr. Fonseca.
Max materiality 0.85 · Median 0.62 · Most common event leadership