Rackspace Technology grew its revenue by 3.7% over the last year. That's not a very high growth rate considering it doesn't make profits. Even so you could argue that it's surprising that the share price has tanked 84%. Clearly the market was expecting better, and this may blow out projections of profitability. But if it will make money, albeit later than previously believed, this could be an opportunity.
Shareholders in Rackspace Technology (NASDAQ:RXT) are in the red if...https://finance.yahoo.com/news/shareholders-rackspace-technology-nasdaq-rxt-143103530.html
RXT - Rackspace Technology, Inc.Yahoo Finance
- •Price in USD
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Rackspace Technology, Inc. is an American cloud computing company based in Windcrest, Texas, an inner suburb of San Antonio, Texas. The company also has offices in Blacksburg , Virginia , and Austin, Texas , as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands,  Germany, Singapore, Mexico, and Hong Kong.
Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms ...
Rackspace Technology™ is a leading end-to-end multicloud solutions expert. We combine our expertise with the world’s leading technologies- across applications, data and security. We have a proven record of advising customers based on their business challenges, designing solutions that scale, building and managing those solutions, and ...
SAN ANTONIO, March 21, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end cloud technology solutions company, today announced that it has achieved the Amazon Web...