Rackspace Technology achieves AWS Automotive Competency, enhancing digital transformation support for automotive companies and suppliers.
Quiver AI Summary
Rackspace Technology has achieved the Amazon Web Services (AWS) Automotive Competency, recognizing its expertise in helping automotive companies and their suppliers with digital transformation on AWS. This designation acknowledges Rackspace's extensive experience over the past five years collaborating with Original Equipment Manufacturers (OEMs) and Tier 1 suppliers globally. D K Sinha, President of Public Cloud at Rackspace, emphasized the company's combination of deep industry knowledge and a comprehensive tech portfolio to support sustainable mobility solutions. Recently, Rackspace assisted a major German automotive OEM in modernizing its shopfloor IT on AWS by implementing an event-driven data pipeline for real-time machine visibility, thus enhancing operational responsiveness and analytics capabilities. This accomplishment underscores Rackspace's commitment to providing tailored solutions in the automotive sector and solidifies its role as a trusted partner for leading automotive companies.
Potential Positives
- Rackspace Technology has achieved the AWS Automotive Competency, showcasing its expertise in supporting the automotive sector’s digital transformation.
- This designation positions Rackspace as a trusted partner for leading automotive companies, enhancing its credibility and potential for new business opportunities in the industry.
- The company’s recent work with a major German automotive OEM demonstrates its capability to deliver impactful solutions, thereby attracting similar clients in the automotive sector.
- The achievement reflects Rackspace's ongoing investment in industry-specific solutions and strengthens its comprehensive portfolio of AWS competencies.
Potential Negatives
- Achieving the AWS Automotive Competency may raise concerns about Rackspace Technology's previous performance in the automotive sector before this designation, suggesting prior weaknesses in their offerings.
- The press release focuses on a single project with a German OEM, which may indicate a lack of a diversified portfolio of successful implementations in the automotive industry.
- There is no mention of financial metrics or growth projections associated with this new competency, which could imply a lack of clear economic benefits for stakeholders.
FAQ
What is the AWS Automotive Competency achieved by Rackspace Technology?
It is a designation that signifies Rackspace Technology's expertise in providing solutions for the automotive industry on AWS.
How does Rackspace Technology support automotive companies?
They accelerate digital transformation on AWS by leveraging their deep industry knowledge and technology solutions tailored for the automotive sector.
What recent project demonstrates Rackspace's capabilities in the automotive industry?
They modernized a major German automotive OEM's IT by implementing a new event-driven data pipeline for better shopfloor visibility.
What industry does Rackspace Technology primarily focus on with its AWS competency?
Rackspace Technology primarily focuses on the automotive industry, including Original Equipment Manufacturers (OEMs) and Tier 1 suppliers.
How long has Rackspace Technology been working with automotive clients?
They have over five years of intensive experience working with automotive clients and suppliers worldwide.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RXT Insider Trading Activity
$RXT insiders have traded $RXT stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $RXT stock by insiders over the last 6 months:
- AMAR MALETIRA (Chief Executive Officer) sold 521,840 shares for an estimated $975,840
- DHARMENDRA KUMAR SINHA (EVP, President, Public Cloud) sold 176,374 shares for an estimated $329,819
- SRINI KOUSHIK (President, Technology) sold 73,972 shares for an estimated $138,327
- ANTHONY SCOTT sold 40,000 shares for an estimated $57,200
- MARK A. MARINO (Chief Financial Officer) sold 20,217 shares for an estimated $37,805
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$RXT Analyst Ratings
Wall Street analysts have issued reports on $RXT in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
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$RXT Price Targets
Multiple analysts have issued price targets for $RXT recently. We have seen 4 analysts offer price targets for $RXT in the last 6 months, with a median target of $1.65.
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Full Release
SAN ANTONIO, Texas, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced it has achieved the Amazon Web Services (AWS) Automotive Competency . This new designation highlights Rackspace Technology's expertise supporting automotive companies, and their suppliers, accelerate their digital transformation on AWS.
The AWS Automotive Services Competency distinguishes AWS Partner Network (APN) members who have demonstrated deep technical expertise and proven customer success delivering solutions across the automotive industry.
"Achieving the AWS Automotive Competency reflects over five years of intensive work with Original Equipment Manufacturer (OEMs) and Tier 1 suppliers worldwide," said D K Sinha, President, Public Cloud, Rackspace Technology. "We combine deep industry knowledge with the complete Rackspace Technology portfolio for sustainable mobility solutions of the future."
Customer Experience
Rackspace Technology recently supported a major German automotive OEM as it modernized its legacy shopfloor Information Technology (IT) on AWS. By implementing a new event-driven data pipeline, Rackspace Technology delivered real-time visibility into shopfloor machinery data, enabling faster operator response. Additionally, the company is now able to streamline analytics and is prepared to expand into predictive maintenance to cover aspects of Industry 4.0.
This achievement marks Rackspace Technology's continued investment in developing industry-specific solutions, building on its extensive portfolio of AWS competencies and reinforcing its position as a trusted partner for the world’s leading automotive companies.
About Rackspace Technology
Rackspace Technology is a leading end-to-end hybrid cloud and AI solutions company. We can design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.
Media Contact:
Cheryl Amerine, [email protected]
