Gold prices edge higher on raised Fed rate cut hopes
SAN ANTONIO - Rackspace Technology (NASDAQ:RXT) announced Thursday the availability of its Foundry for AI by Rackspace (FAIR) Model Context Protocol Enterprise Accelerator on the AWS Marketplace in the new ’AI Agents & Tools’ category.
The solution aims to help organizations deploy AI agents with enterprise-grade infrastructure and security measures. According to the company, the accelerator enables building multi-agent architectures with reasoning capabilities, secure code interpretation, and multimodal data processing. With a gross profit margin of 20.17%, Rackspace continues to invest in innovative solutions despite challenging market conditions.
Rackspace claims the solution delivers a 70% reduction in legacy application integration for AI agents and accelerates production deployment timelines.
"By offering FAIR’s Enterprise Accelerator in the AWS Marketplace we’re providing customers with a streamlined way to access skilled AI expertise and buy and deploy agent solutions faster," said Srini Koushik, President of AI and Technology at Rackspace Technology.
The accelerator includes pre-configured server templates, zero-trust architecture, encryption, and integration with Amazon Bedrock agents. It also provides monitoring and compliance tools for enterprise-wide AI agent deployment.
Rackspace stated that customers in healthcare, public sector, financial services, retail, and manufacturing sectors are already using these capabilities for production AI workloads.
With the availability in AWS Marketplace, customers can potentially accelerate procurement processes for AI solutions while maintaining visibility and control over licensing and payments through their AWS accounts.
The announcement was made in a press release from the company, which describes itself as an end-to-end hybrid cloud and AI solutions provider. Investors anticipating the company’s next earnings report on August 12 can access comprehensive analysis and additional insights through InvestingPro, which offers 8 more key tips about Rackspace’s financial health and market position.
In other recent news, Rackspace Technology reported its Q1 2025 earnings, revealing a non-GAAP loss per share of $0.06, which was better than the forecasted loss of $0.0762. The company also exceeded revenue expectations, posting $665 million against a forecast of $658.68 million. Despite this positive performance, Raymond James downgraded Rackspace’s stock from Outperform to Market Perform, citing a longer-than-expected path to improved growth and free cash flow. RBC Capital Markets also adjusted its outlook, reducing the price target from $3.00 to $2.00, while maintaining a Sector Perform rating. Rackspace’s total bookings increased by 9% year-over-year, and the company issued positive guidance for the second quarter. Additionally, a study by Rackspace highlighted that only 13% of organizations are classified as "AI Leaders," with these leaders achieving significantly better results from AI investments. The report noted a substantial increase in business investment in AI from 2024 to 2025. Despite challenges in AI implementation, Rackspace continues its strategic pivot towards a services-led business model, focusing on enterprise and mid-market segments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.