Rackspace Technology up 2.41% after hours, benefiting from increased demand for hybrid cloud services in Asia Pacific, per ISG Provider Lens report.
AinvestFriday, Jul 19, 2024 5:04 pm ET
1min readRackspace Technology, Inc. experienced a 2.41% gain in after-hours trading, primarily driven by the growing demand for hybrid cloud services in the Asia Pacific region. The recent ISG Provider Lens report highlights that enterprises in the region are increasingly turning to diverse hybrid cloud and data center solutions to meet specific business and IT requirements. This shift is boosting Rackspace's position as a service provider offering customized combinations of public and private cloud services, catering to the region's unique needs.
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