Overview
Rackspace Technology’s predecessor was founded in 1998 to provide outsourced dedicated IT infrastructure, mainly for small and mid-sized businesses.[17] The company is a Delaware corporation controlled by investment funds affiliated with Apollo.[17] For 2025 it reported revenue of about US$2.69 billion, down 2%, split between public cloud at about US$1.70 billion and private cloud at about US$990 million; the GAAP net loss narrowed to US$226 million from US$858 million.[16] The company describes itself as an end-to-end hybrid cloud and AI solutions company that builds, runs and manages cloud environments across the major platforms.[16] It employed approximately 5,000 staff in 22 countries at the end of 2025, and its principal executive offices are in San Antonio, Texas.[17]
Rackspace Technology strengths and limitations
Strengths
- Specialised in running public and private cloud environments
- Revenue split by public and private cloud is disclosed
Limitations
- Continuing net losses
- Private cloud revenue fell 6% in 2025
Appears in
- Top Managed Service Providers (MSPs) in 2026 #11
- Top 50 IT Outsourcing Companies in the World: 2026 Edition #30
- Top 50 IT Services Companies: 2026 Edition #31
- Top 44 Cloud Service Providers: 2026 Edition #11
Rackspace Technology alternatives and competitors
Alternatives to Rackspace Technology: companies ranked in the same lists.
- Accenture
DXC Technology- Tata Consultancy Services (TCS)
Samsung SDS
Unisys
Wipro
Atos- HCLTech
- Kyndryl
Infosys
Cognizant
Capgemini
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