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 of eight cents per share, just ahead of Wall Street’s target of nine cents per share. Revenue for the period […] The post Rackspace beats expectations but its losses pile up amid aggressive AI pivot appeared first on SiliconANGLE.