Mon 05/08/2023 07:30 AM
Relevant Document:10-K
Rackspace, a global end-to-end multicloud technology services company, is facing declining profitability and cash flows as it reorganizes its business to reorient toward providing public and private cloud services that are increasingly reliant on third-party infrastructure. This organizational restructuring coincides with a slowdown in Rackspace’s markets partially driven by global macroeconomic uncertainties, likely inducing elevated cash burn. Given Rackspace’s large...
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