Rackspace Technology to Make $65-$70 million Investment in Growth Businesses; Increases Financial Guidance for the Second Quarter Of 2021
In addition, Rackspace Technology will expand its internal training programs to develop expertise in Cloud Engineering, Data Engineering, and Cloud Native Software Engineering.
- In addition, Rackspace Technology will expand its internal training programs to develop expertise in Cloud Engineering, Data Engineering, and Cloud Native Software Engineering.
- The 2021 impact of these actions is fully embedded in the companys quarterly and annual financial guidance.
- Separately, Rackspace Technology has increased its financial guidance for the second quarter of 2021:
Revenue for the second quarter is now expected to be in the range of $741 - $744 million, at the high end of the previously forecasted range of $735 - $745 million. - In addition, the company expects second quarter bookings to be approximately $258 million, an increase of 6% compared to the first quarter of 2021.