Rackspace Technology (RXT) Announces Launch of Rackspace Cloud Management Platform

Rackspace Technology, Inc. (NASDAQ:RXT) is one of the Best Cloud Computing Stocks to Invest in Now. On August 5, the company announced the launch of the Rackspace Cloud Management Platform, which includes next-gen upgrades to the Rackspace Managed Cloud (RMC) offering. The platform offers customers a single framework that tends to leverage best-in-class AI-enabled tools, bolstering companies to streamline workload operations, ramp up digital transformation, and more efficiently manage modern hybrid and multicloud environments.

Rackspace Technology, Inc. (NASDAQ:RXT) stated that go‑to‑market execution throughout both business units was strong in Q2 2025, demonstrating progress in its turnaround. Bookings saw an increase of 16%, with operating profit increasing 34% YoY. Also, Rackspace Technology, Inc. (NASDAQ:RXT) delivered positive operating cash flow. In Q2 2025, its cash flow from operating activities came in at $8 million.

For Q3 2025, Rackspace Technology, Inc. (NASDAQ:RXT) expects total revenue in the range of $660 million – $674 million, with private cloud revenue of between $246 million – $254 million and public cloud revenue of $414 million – $420 million.

Rackspace Technology, Inc. (NASDAQ:RXT) operates as a cloud and AI solutions company.

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Disclosure: None. This article is originally published at Insider Monkey.