Rackspace Technology, publicly owned and headquartered in Windcrest, Texas, United States, was founded in 1998. The company employs approximately 7,880 individuals and reported $2.7 billion in revenue as of 2025. Functioning as an American cloud computing company, it specializes in IT services and IT consulting.
On September 11, 2026, Kaplan Fox & Kilsheimer LLP reminded investors of a September 28, 2026, deadline in a class action lawsuit filed against Rackspace Technology Inc. The suit targets investors who acquired securities between May 7, 2026, and July 8, 2026. This follows earlier announcements on the same day from other firms regarding class action lawsuits. Schall Brown & Schwartz LLP ("SBS") reminded investors of a class action lawsuit against Rackspace Technology Inc. for alleged violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. Simultaneously, Bleichmar Fonti & Auld LLP ("BFA Law") announced it had filed a class action lawsuit against Rackspace Technology Inc. and certain senior executives, citing securities fraud following a significant stock drop resulting from potential federal securities law violations, also noting a September 28 court deadline for investors.
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Rackspace Technology offers 5 products in the enterprise tech and telecoms tech industries. Rackspace Technology's product portfolio comprises of generative AI, enterprise security and data centre infrastructure.
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Rackspace Technology's revenues were $2.7B in 2025. Caretta Research has split Rackspace Technology's revenue into 4 different product categories.
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Rackspace Technology's customers primarily consist of financial Services and hospitals and Health Care companies. Examples of Rackspace Technology's customers include Moody's Analytics and CNWL NHS Foundation Trust. Rackspace Technology has partners like Amazon Web Services (AWS).
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