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Sept. 26, 2022, 8:31 a.m. EDT

Apollo-backed Rackspace promotes CFO to CEO

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By Steve Gelsi

Rackspace Technology Inc. /zigman2/quotes/219801308/composite RXT -15.46% on Monday named chief financial officer Amar Maletira as chief executive officer of the company, which is majority owned by Apollo Global Management Inc. /zigman2/quotes/203829595/composite APO -5.49% . Kevin Jones, who has been in the role of CEO for three-and-a-half years, will become an operating advisor with Apollo. Rackspace Technology also said it continues to expect third-quarter earnings of 8 cents to 10 cents a share. Wall Street analysts expect Rackspace to earn 9 cents a share when the company reports its results on Nov. 15, according to FactSet data. Shares of Rackspace are down 63% in 2022, compared to a 30.5% drop by the Nasdaq /zigman2/quotes/210598365/realtime COMP -1.93% .

/zigman2/quotes/219801308/composite
US : U.S.: Nasdaq
$ 4.10
-0.75 -15.46%
Volume: 2.25M
Dec. 5, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.02 billion
Rev. per Employee
$471,606
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/zigman2/quotes/203829595/composite
US : U.S.: NYSE
$ 64.50
-3.75 -5.49%
Volume: 3.41M
Dec. 5, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
2.48%
Market Cap
$39.06 billion
Rev. per Employee
$1.22M
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,239.94
-221.56 -1.93%
Volume: 4.57B
Dec. 5, 2022 5:16p
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