The report comes after the San Antonio company was hit by a ransomware attack, new...
“I’ve been laser focused on transforming Rackspace Technology into a customer-first cloud first company and changing the trajectory of our performance,” CEO Amar Maletira told analysts and reporters during a conference call Wednesday afternoon.Rackspace Technology signs agreement with Saudi Arabia for cloud computing services
“We are poised to drive these changes throughout the company and bring our strategy to life,” he said. “We are very focused on fixing this business for the long term, even if it requires near-term disruption. While the next few quarters may be choppy, our focus is on positioning the company for sustainable growth heading into 2024.”
For the three months ended Dec. 31, Rackspace reported a net loss of $214 million on revenue of $787 million. That compared with a net loss of $83 million on revenue of $777 million in the same period a year ago. For the full year, Rackspace said its net loss widened to $805 million from $218 million in 2021. Revenue increased to $3.12 billion $3.01 billion a year earlier.
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