Rackspace Technology Inc. is considering selling some of its businesses, its CEO said Tuesday.

The San Antonio-based cloud computing company, whose shares closed Tuesday at about a third of their price a year ago, recently completed a strategic review and received interest in one of its companies.

“We have concluded that the sum of the parts of Rackspace Technology could exceed our current enterprise value,” CEO Kevin Jones said in a statement. “Accordingly, we are evaluating strategic alternatives and options.”

He announced the opportunity when Rackspace reported a 6.8 percent increase in revenue for the quarter ended March 31.

The Company reported a loss of $38.5 million on revenue of $775.5 million, an improvement from a loss of…



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