Welcome to our dedicated page for Nutanix news (Ticker: NTNX), a resource for investors and traders seeking the latest updates and insights on Nutanix stock.
Nutanix, Inc. (symbol: NTNX) is a pioneering company in the field of enterprise cloud computing, making infrastructure invisible so businesses can focus on their applications and services. The company provides the Nutanix Enterprise Cloud Platform, which integrates compute, virtualization, and storage into a resilient, software-defined solution. With a design inspired by web-scale engineering and consumer-grade simplicity, Nutanix offers robust machine intelligence to ensure predictable performance, cloud-like infrastructure consumption, enhanced security, and seamless application mobility.
Core Offerings and Capabilities
- Compute, Virtualization, and Storage Convergence: Nutanix converges these critical IT functions natively into one platform.
- Machine Intelligence: The platform leverages advanced analytics and machine learning for optimized performance and resource utilization.
- Seamless Application Mobility: Facilitates easy transfer and management of applications across different environments.
- Predictable Performance: Ensures consistent and reliable performance metrics for enterprise applications.
Versatile Applications
Nutanix's solutions cater to a wide range of workloads, including large-scale virtual desktop initiatives (VDI), development and test applications, private cloud deployments, and big data projects like Hadoop. The platform enables rapid deployment and scalability, helping businesses to simplify their data center infrastructure significantly. Customers can deploy Nutanix appliances in under 30 minutes, gaining rapid time to value.
Global Presence and Partnerships
While the majority of Nutanix's revenue is generated from the United States, the company maintains a significant presence across Europe, the Middle East, Asia Pacific, Africa, and other regions. This global reach is complemented by strategic partnerships that enhance its market penetration and product offerings.
Financial Performance
Nutanix continues to demonstrate strong financial performance, driven by its innovative solutions and expanding customer base. The company's engineering team is led by experienced developers and architects who strive to deliver cutting-edge technologies that meet the evolving needs of enterprises worldwide.
Nutanix (NASDAQ: NTNX) released its fourth global Enterprise Cloud Index survey, indicating that multicloud is now the dominant deployment model, projected to reach 64% adoption in three years. However, 87% of enterprises cite management complexity as a significant challenge. The survey reveals that 83% prefer a hybrid multicloud approach to address critical issues in interoperability and security. Moreover, 61% identified the pandemic as a driver for adopting flexible work arrangements, reinforcing the need for agile IT environments.
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, will host a conference call on January 25, 2022, at 11:00 a.m. PT to discuss Nutanix Era, its multi-database management solution. This service aims to simplify operations and lower costs in any cloud environment. The call will be led by Tobias Ternstrom, Vice President & General Manager of Workload Automation. Dial-in numbers are provided for participants, and the session will be available via live webcast on the Nutanix Investor Relations website.
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, received multiple industry accolades in 2021 for its executive leadership, innovative products, and customer support. The company was recognized as a Leader in the Gartner Magic Quadrant for Hyperconverged Infrastructure Software for the fifth consecutive year and earned its first mention in the Magic Quadrant for Distributed Files and Objects Storage. Nutanix also excelled in various partner evaluations and received high ratings in customer support, reflected by a Net Promoter Score of 92.
Nutanix has announced the automatic conversion of all outstanding shares of its Class B common stock into Class A common stock, effective January 3, 2022. This conversion results in a single class of common stock with equal voting rights, eliminating the differential voting powers that existed between the two classes. The change, approved by holders of at least 67% of Class B shares, will not materially affect the company's operations. Nutanix's Class A stock will continue to trade under the ticker NTNX on Nasdaq.
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, will present at the 24th Annual Needham Growth Conference on January 10, 2022, at 9:30 a.m. PT (12:30 p.m. ET). A live webcast and replay will be available on the Nutanix Investor Relations website. Nutanix specializes in cloud software and hyperconverged infrastructure, enabling organizations to manage applications across hybrid multicloud environments seamlessly.
Nutanix (NASDAQ: NTNX) has partnered with Build-A-Bear Workshop (NYSE: BBW), Buzz 3D, and TierPoint to launch the Bear Builder 3D Workshop. This innovative online shopping experience mirrors the emotional connection of Build-A-Bear's in-store experience, enabling customers to create personalized furry friends digitally. Utilizing Desktop as a Service (DaaS) via Nutanix Frame, the platform offers a high-performance, immersive retail experience that enhances digital transformation efforts and taps into the growing trend of e-commerce.
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced its participation in the Nasdaq 45th Investor Conference on December 1, 2021, at 7:00 a.m. PT (10:00 a.m. ET). The event will feature a live webcast of the presentation, accessible via the Nutanix Investor Relations website. Nutanix specializes in cloud software and hyperconverged infrastructure, enabling organizations to manage applications across hybrid multicloud environments efficiently.
Nutanix, Inc. (NASDAQ: NTNX) reported strong Q1 FY’22 results, achieving a record 33% year-over-year growth in Annual Contract Value (ACV) Billings, totaling $183.3 million, and a 21% increase in revenue to $378.5 million. The Annual Recurring Revenue (ARR) grew 67% to $952.6 million. The company also highlighted efforts to reach free cash flow break-even by H2 2022 and a target of over 25% CAGR in ACV billings through FY 2025. Additionally, Nutanix announced a strategic partnership with Citrix and was recognized by Gartner for its infrastructure solutions.
Nutanix (NASDAQ: NTNX) has been named a Leader in Gartner's November 2021 Magic Quadrant for Hyperconverged Infrastructure (HCI) Software for the fifth consecutive year. This recognition highlights Nutanix’s commitment to enhancing its HCI software capabilities, achieving a 90 Net Promoter Score (NPS) over the past seven years. With a focus on hybrid multicloud solutions, Nutanix aims to simplify datacenter modernization, enabling organizations to effectively manage their IT environments.
Nutanix has appointed Anja Hamilton as the new Chief People Officer, effective January 4, 2022. With over 20 years of HR experience, Hamilton is expected to drive employee engagement and shape corporate culture. She will oversee Nutanix's global people strategy, focusing on talent acquisition, diversity, and employee wellness. Former Chief People Officer Rukmini Sivaraman will transition to SVP of Finance and Planning. CEO Rajiv Ramaswami highlighted the importance of Hamilton's role in attracting and retaining top talent for the company's growth.
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