Rackspace beats expectations but its losses pile up amid aggressive AI pivot

Source: SiliconANGLE News· Mike Wheatley· August 10, 2026
Rackspace beats expectations but its losses pile up amid aggressive AI pivot

Shares of Rackspace Technology Inc. were trading lower after-hours today, despite an encouraging earnings and revenue beat in its second-quarter financial results. The San Antonio-based company reported earnings before certain costs such as stock compensation…

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