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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 (NTNX) announced strong financial results for Q3 FY2021, highlighting Annual Contract Value (ACV) billings of $159.9 million, an 18% increase year-over-year. The Run-rate ACV reached $1.45 billion, up 25% from last year. The average contract term decreased slightly to 3.3 years. CEO Rajiv Ramaswami expressed satisfaction with the company's ability to exceed guided metrics consistently. Additionally, CFO Duston Williams noted a record in ACV billings and effective cost management leading to operating expenses below guidance.
Nutanix (NASDAQ: NTNX) has been chosen by Serbian energy company NIS to modernize its IT infrastructure, addressing challenges in a rapidly changing market. With Nutanix, NIS aims to improve agility, performance, and scalability. The implementation led to an approximate 50% performance boost, easing the management of their application base and facilitating future developments. NIS also benefits from Nutanix Calm for automation and lifecycle management, improving operational efficiency despite the Covid-19 pandemic.
Nutanix (NASDAQ: NTNX) is set to report its financial results for Q3 of fiscal year 2021, ending April 30, 2021, after market close on May 26, 2021. Following the release, a conference call will be held at 4:30 PM EST to discuss the results, with access available via phone or its Investor Relations website. Management aims to provide insights into the company's performance within the cloud software and hyperconverged infrastructure sectors. Investors can expect a detailed analysis of Nutanix's financial health and future projections during this session.
Nutanix (NASDAQ: NTNX) has been approved as a vendor for California's Software Licensing Program (SLP), enabling state, local agencies, and educational institutions to purchase Nutanix software at a discount. This program simplifies the procurement process, essential for public sector organizations transitioning to hybrid and multicloud solutions. With only 22% of organizations running non-cloud-enabled data centers in 2020, the SLP contract will assist California's public sector in their digital transformation. Partners implementing this contract include ePlus, E360, and CDW-G.
Nutanix (NASDAQ: NTNX) has launched its cloud platform on AWS GovCloud, enabling U.S. public sector organizations to unify their private and public cloud environments. This integration allows for a consistent software stack across both platforms, enhancing security and flexibility. The Nutanix Enterprise Cloud Index indicates a strong interest in hybrid cloud solutions among government entities, although current adoption remains low. The new offering simplifies application migration, strengthens security, and optimizes cloud costs, all while providing a flexible hybrid solution without the constraints of managed services.
Nutanix (NASDAQ: NTNX) announced that Nedbank, a leading African financial institution, is utilizing its cloud platform to enhance virtual desktop infrastructure (VDI) services amid the COVID-19 pandemic. With a workforce of 30,000, Nedbank rapidly scaled its VDI solution to ensure continuous customer service during lockdown. The Nutanix platform allowed for optimization of existing infrastructure without the need for additional resources, enabling seamless updates during business hours. This efficiency significantly improved performance and reduced downtime, demonstrating the value of hyperconverged infrastructure in challenging times.
Nutanix (NASDAQ: NTNX), a leader in cloud solutions, will present at the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 8:45 a.m. PT / 11:45 a.m. ET. A live webcast and replay will be available on the Nutanix Investor Relations website.
Nutanix specializes in hyperconverged infrastructure and offers a platform for managing applications across private, hybrid, and multicloud environments. For more information, visit www.nutanix.com.
Nutanix (NASDAQ: NTNX) has released its third annual Enterprise Cloud Index Report for the global public sector, revealing that 70% of organizations view IT more strategically due to COVID-19. The pandemic has accelerated remote work, with only 15% of respondents reporting zero remote employees today. The report indicates that hybrid cloud is viewed as the ideal IT model, with 82% of public sector organizations favoring it. Moreover, 87% of U.S. Federal Government respondents see hybrid cloud as essential, with plans to double their usage within a year.
Nutanix, Inc. (NASDAQ: NTNX) delivered a strong Q2 FY 2021, reporting ACV billings of $159.2 million, a 14% increase year-over-year. Total revenue remained stable at $346.4 million, while operating expenses decreased by 10% to $431.7 million. The company appointed Rajiv Ramaswami as CEO to drive growth and efficiency. Nutanix also expanded its customer base, now totaling approximately 18,770, including 950 Global 2000 companies. For Q3 FY 2021, Nutanix expects ACV billings between $150-155 million and non-GAAP gross margin at around 81%.
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