Rackspace Technology Names Jeffrey Benjamin Chairman, Reaffirms Q4 Guidance

MT Newswires Live

2025/01/18

Rackspace Technology (RXT) said Friday that Jeffrey Benjamin will assume the role of independent chairman of its board, succeeding David Sambur.

Benjamin has been a Rackspace board member since 2016, the company said.

The company also said it continues to expect a Q4 2024 non-GAAP loss per share of $0.03 to $0.05 and revenue of $668 million to $680 million issued in November.

Analysts polled by FactSet expect a non-GAAP loss of $0.04 per share and revenue of $674.9 million.

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