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 July 9, 2026, Rackspace Technology revised its 2026 revenue guidance downward to US$2.45–2.55 billion and projected a GAAP net loss for the second quarter. Concurrently, the company expanded its AI operating model collaboration with Palantir and filed new shelf registrations, including a US$250 million at-the-market common stock offering. Rackspace Technology is also leveraging its Microsoft Azure expertise to provide organizations with AI-ready environments, aiming to accelerate AI deployment and reduce client costs. This follows a strategic alliance formed in March 2026 with Uniphore to assist companies in accelerating the adoption of enterprise AI. The partnership offers an integrated environment for developing, implementing, and overseeing AI applications, combining Uniphore's enterprise AI platform with Rackspace's experience in hybrid cloud architecture.
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Rackspace Technology offers 4 products in the enterprise tech industry. Rackspace Technology's product portfolio comprises of generative AI and enterprise security.
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Rackspace Technology's revenues were $2.7B in 2025. Caretta Research has split Rackspace Technology's revenue into 3 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 CNWL NHS Foundation Trust and Moody's Analytics. Rackspace Technology has partners like Amazon Web Services (AWS).
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