Nutanix Inc - NTNX STOCK NEWS

Nutanix (NTNX) has released its seventh annual Enterprise Cloud Index survey, revealing significant trends in Generative AI (GenAI) adoption and cloud computing. The study shows that over 80% of organizations have implemented GenAI strategies, with 90% expecting increased IT costs due to GenAI and modern application implementation. However, 70% anticipate ROI within 2-3 years.

Key findings include: Nearly 90% of organizations have containerized applications; 95% report GenAI is changing organizational priorities, with security and privacy being primary concerns; 98% face challenges scaling GenAI workloads from development to production. The study also highlights that 52% of organizations need IT training investment for GenAI support, while 48% require new IT talent.

The survey, conducted in Fall 2024, included 1,500 IT and DevOps/Platform Engineering decision-makers globally across multiple industries, business sizes, and regions.

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, has announced its upcoming participation in the 27th Annual Needham Growth Conference. The company's management will present at the event on Friday, January 17, 2025, at 9:45 a.m. PST (12:45 p.m. EST).

Investors and interested parties can access both the live webcast and replay of the presentation through the Nutanix Investor Relations website at ir.nutanix.com.

Nutanix announced the pricing of $750 million aggregate principal amount of 0.50% convertible senior notes due 2029 in a private placement to qualified institutional buyers. The initial purchasers have an option to buy an additional $112.5 million within 13 days from the issuance, expected to settle on December 16, 2024.

The notes will bear interest at 0.50% per year, payable semi-annually, and will mature on December 15, 2029. Nutanix may redeem the notes on or after December 20, 2027, if the stock price reaches at least 130% of the conversion price for 20 trading days within a 30-day period.

Nutanix estimates net proceeds of approximately $734.3 million, or $844.5 million if additional notes are purchased. The proceeds will be used to repurchase $75 million of its 2027 notes, buy back $200 million worth of its Class A common stock, and for general corporate purposes. The initial conversion rate is 11.6505 shares per $1,000 principal amount, equating to $85.83 per share, a 32.5% premium over the last sale price on December 11, 2024.

Nutanix (NTNX) has announced plans to offer $750 million in convertible senior notes due 2029 through a private placement to qualified institutional buyers. The company will also grant initial purchasers an option for an additional $112.5 million in notes.

The notes will be unsecured senior obligations with semi-annual interest payments, maturing on December 15, 2029. They will be convertible into cash, Nutanix Class A common stock, or a combination of both. The proceeds will be used to repurchase a portion of existing 0.25% Convertible Senior Notes due 2027, repurchase up to $200 million of Class A common stock, and fund general corporate purposes including working capital, capital expenditures, and potential acquisitions.

Nutanix (NASDAQ: NTNX) has announced its participation in an upcoming investor event. The company's management will present at the Barclays 22nd Annual Global Technology Conference on Thursday, December 12, 2024, at 10:25 a.m. PST (1:25 p.m. EST). Investors and interested parties can access both the live webcast and replay of the presentation through the Nutanix Investor Relations website at ir.nutanix.com.

Nutanix (NTNX) reported strong Q1 FY2025 financial results, with 18% year-over-year ARR growth to $1.97 billion. Revenue increased 16% to $591.0 million, while GAAP operating income reached $27.3 million, compared to a loss in the previous year. The company demonstrated improved profitability with non-GAAP operating margin expanding to 20.0% and generated strong free cash flow of $151.9 million. Nutanix expanded its partnership with AWS and received recognition as a Leader in Gartner's Magic Quadrant for both Distributed Hybrid Infrastructure and File and Object Storage Platforms.

Nutanix (NTNX) has expanded its AI infrastructure platform with Nutanix Enterprise AI (NAI), a cloud-native solution deployable on any Kubernetes platform across edge, data centers, and major public cloud services. The offering enables organizations to run generative AI workloads with NVIDIA NIM optimization, supporting large language model deployment in minutes.

NAI provides a consistent multicloud operating model with transparent, resource-based pricing, avoiding token-based costs. The platform includes security features, role-based access controls, and supports both on-premises and public cloud deployments through AWS EKS, Azure AKS, and Google GKE.

Nutanix (NASDAQ: NTNX) has scheduled its first quarter fiscal year 2025 financial results announcement for Tuesday, November 26, 2024, after U.S. markets close. The company will host a conference call and earnings webcast at 4:30 p.m. EST / 1:30 p.m. PST on the same day. Interested participants can register online to receive dial-in details and a unique PIN. The webcast will be available live and archived on the Nutanix Investor Relations website.

Nutanix (NTNX) has announced an expanded strategic collaboration with Amazon Web Services (AWS) to simplify cloud migration and enhance hybrid cloud capabilities. Through Nutanix Cloud Clusters (NC2) on AWS, customers can extend their on-premises Nutanix environment to AWS, accessing various AWS services including databases, storage, and AI/ML capabilities. The partnership offers promotional credits for migrations, free proof-of-concept trials, and licensing pricing promotions through the AWS Migration Acceleration Program. Customers can benefit from faster app migrations without refactoring, improved cloud efficiency, and simplified procurement through AWS Marketplace.