Apollo-backed Rackspace promotes CFO to CEO

Rackspace Technology Inc. /zigman2/quotes/219801308/composite RXT -0.75% 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 -0.69% . 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 -0.07% .

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Rackspace Technology Inc.

US : U.S.: Nasdaq

$ 1.33

-0.01 -0.75%

Volume: 879,203

Nov. 27, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$289.99 million

Rev. per Employee

$444,765

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Apollo Global Management Inc.

US : U.S.: NYSE

$ 90.51

-0.63 -0.69%

Volume: 2.71M

Nov. 27, 2023 4:00p

P/E Ratio

19.05

Dividend Yield

1.90%

Market Cap

$51.73 billion

Rev. per Employee

$10.56M

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NASDAQ Composite Index

US : Nasdaq

14,241.02

-9.83 -0.07%

Volume: 4.23B

Nov. 27, 2023 5:16p