Rackspace Technology shares rise 2.08% intraday as U.S. public sector turns to hybrid cloud services.

Rackspace Technology, Inc. rose 2.08% in intraday trading, with the company benefiting from the growing demand for hybrid cloud managed services in the U.S. public sector. The recent ISG report highlights that many agencies are turning to hybrid clouds to replace outdated legacy systems, which is a positive development for Rackspace Technology, Inc. as it aligns with their core business offerings.