Rackspace Technology Reports Second Quarter 2026 Results

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    "url": "https://www.globenewswire.com/news-release/2026/08/10/3342191/0/en/rackspace-technology-reports-second-quarter-2026-results.html",
    "title": "Rackspace Technology Reports Second Quarter 2026 Results",
    "excerpt": "SAN ANTONIO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a global enterprise AI infrastructure and solutions provider, today announced results for its second quarter ended June 30, 2026. Gajen Kandiah, Chief Executive Officer, stated, “Enterprises in regulated industries are moving AI from experimentation into production, and they are choosing partners who can be accountable for it.” Mr. Kandiah added, “This quarter, we continued to expand work across our installed base and launched our Managed Compute and Inference Platform, backed by partners including AMD and Palantir. We remain focused on disciplined execution as we build the full enterprise AI stack our customers can trust.” Second Quarter 2026 Results Revenue was $670 million in the second quarter of 2026, an increase of 0.6% on a reported basis and 0.4% on a constant currency (1) basis compared to revenue of $666 million in the second quarter of 2025. Private Cloud revenue was $263 million in the second quarter of 2026, an increase of 5.5% on a reported basis and 5.2% on a constant currency basis compared to revenue of $250 million in the second quarter of 2025. Public Cloud revenue was $407 million in the second quarter of 2026, a decrease of 2.3% on a reported basis and 2.5% on a constant currency basis compared to revenue of $417 million in the second quarter of 2025. Loss from...",
    "product": "Managed Compute and Inference Platform",
    "summary": "Rackspace Technology launched its Managed Compute and Inference Platform, with support from partners including AMD and Palantir.",
    "location": "San Antonio, Texas, USA",
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    "image_url": "https://ml.globenewswire.com/Resource/Download/f13ad5be-c597-4c2b-8ece-62c7e283173e",
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    "published_at": "2026-08-10T20:05:00Z",
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        "city": "San Antonio",
        "state": "Texas",
        "region": "Northern America",
        "country": "United States",
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  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"rackspace.com","limit":20}'