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Rackspace CEO’s comments fuel speculation about another sale

Rackspace Technology CEO Kevin Jones has sparked speculation that the flagship San Antonio tech company could be up for sale again.

In a call with analysts Tuesday, Jones said that after a thorough review of the cloud computing company and “incoming interest in one of our businesses, we concluded that the sum of the valuation of the pieces of Rackspace Technology could be greater than our current enterprise value. . … We are evaluating alternatives and strategic options.”

He said the company’s value was driven in part by the “attractive growth profile of our public cloud offerings,” referring to Rackspace’s services that help midsize businesses migrate to and manage services on platforms like Amazon Web Services, Microsoft Azure and Google Cloud. .