Advertisement
UK markets open in 1 hour 49 minutes
  • NIKKEI 225

    38,075.98
    +447.50 (+1.19%)
     
  • HANG SENG

    17,626.75
    +342.21 (+1.98%)
     
  • CRUDE OIL

    83.88
    +0.31 (+0.37%)
     
  • GOLD FUTURES

    2,348.40
    +5.90 (+0.25%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • Bitcoin GBP

    51,324.54
    -9.21 (-0.02%)
     
  • CMC Crypto 200

    1,387.93
    +5.36 (+0.39%)
     
  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

Why Rackspace Technology Stock Jumped on Thursday

Why Rackspace Technology Stock Jumped on Thursday

Rackspace Technology (NASDAQ: RXT) shares jumped ahead of the market early Thursday, rising over 15% by 10:30 a.m. ET before settling to a 3% increase by the early afternoon. Rackspace's management team said late Wednesday that sales in Q4 rose 1% to $787 million, while non-GAAP (generally accepted accounting principles) operating profit fell 40% to $74 million.