Rackspace tanks on return to stock exchange
Cloud services provider’s shares fall by more than 20 per cent after opening bell

Rackspace has disappointed on its first day of trading, with its share price falling by more than a fifth after the opening bell on Wednesday. The cloud service provider saw its share value fall by...
More on Financial and Reporting
QUANTIQ smashes £30m revenue barrier
Microsoft Dynamics specialist adds 50 new heads to staff and opened a new centre in India last year
Agilitas logs record revenue and profit growth
Channel services firm's EBITDA hits £3.8m
Cloud firm Pax8 raises $96m in new funding
Cloud commerce platform had previously raised $64m in funding
Computacenter's buoyant year continues as profit guidance is raised
Services giant expects profit before tax to be around £190m for its fiscal 2020
RM warns of continued uncertainty in education buying next year
Education specialist’s share price soars over 14 per cent on foot of trading update
More news
Citrix acquires work management platform for $2bn
Purchase of Wrike expected to speed up vendor's cloud and SaaS ambitions
Microsoft Education bosses: 'We're excited about the potential of hybrid learning'
Microsoft's VP of education and its UK director of education speak to CRN about the opportunities around hybrid learning post-pandemic and the industry-wide supply constraints
Industry Voice: New Market Opportunities for Service Providers with VMware SD-WAN
Watch this short animation to learn how VMware SD-WAN by VeloCloud is solving enterprise network challenges.
Former SHI boss Brodrick joins Paragon Micro as UK MD
New UK boss says he aims to make the UK reseller a top 100 VAR in the UK by the end of the year