Rackspace technology to make $65-$70 million investment in growth businesses; increases financial guidance for the second quarter of 2021

San antonio, july 22, 2021 (globe newswire) -- today rackspace technology ® (nasdaq: rxt) announced an expected $65-$70 million of new investments designed to closely align the company's resources with fast-growing product and service offerings. the investments will enable acceleration of growth initiatives while also providing the company with a more flexible and scalable expense structure.
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