Rackspace Technology aims to double revenue growth in India as AI adoption increases
Rackspace Technology, is looking to double its revenue growth in India in the next two years as more local firms adopt artificial intelligence and the demand for private cloud booms in Asia’s third-biggest economy.
The Texas-based company will also look to establish a data centre in the country in the next year or two for its private cloud services, its chief executive said, adding to the data centres it operates and manages at 34 locations worldwide.
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“India is one of our large markets and a market that we will focus on to grow,” Maletira said. “Our focus in India will be helping customers in their digital transformation journey enabled by cloud and AI.”
Founded in 1998, Rackspace is a multi-cloud and AI solutions company listed on the Nasdaq. It operates in nearly 100 countries and reported about $3 billion in revenue in FY 2022. About 40% of Rackspace’s 5,500 employees are based in India, the highest proportion globally.
As part of its AI adoption
