Nutanix Inc Stock Price, News & Analysis

Cyxtera has been awarded the Nutanix Global Service Provider of the Year during the Nutanix Global .NEXT Digital Experience conference. This recognition highlights Cyxtera's ongoing partnership with Nutanix, where they provide on-demand access to Nutanix’s Hyperconverged Infrastructure (HCI) software. Cyxtera has been offering Nutanix products since 2018, enabling businesses to utilize cloud-like flexibility directly in their data centers. The partnership extends to the Federal market with the launch of the Nutanix Federal Innovation Lab.

Nutanix announced a significant financial maneuver involving its outstanding 0% Convertible Senior Notes due in 2023. The company will issue $575 million in new 0.25% Convertible Senior Notes due 2027. This is split into $477.3 million through the exchange of existing notes and $97.7 million in cash. Additionally, Nutanix plans to repurchase $12.8 million of the 2023 Notes. Following these transactions, about $145.7 million of the 2023 Notes will remain. The new notes will be convertible to cash or shares at around $57.74 per share, with a closure expected on September 22, 2021.

Nutanix (NASDAQ:NTNX) announced that EG Group, a leading convenience retailer, is leveraging the Nutanix Cloud Platform to support its rapid expansion across 6,200 locations in Europe, Australia, and the U.S. The deployment of Nutanix's hyperconverged infrastructure has led to a 50% increase in legacy application performance and eliminated outages. This robust infrastructure allows for seamless data replication, enhancing resilience during cyber-attacks. EG Group aims to continue utilizing Nutanix's technology for further growth and customer data utilization.

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, will present at three upcoming financial community virtual events:

• Deutsche Bank Technology Conference on September 10, 2021, at 7:40 a.m. PT.
• Piper Sandler Global Technology Conference on September 13, 2021, at 8:30 a.m. PT.
• Jefferies Software Conference on September 14, 2021, at 11:00 a.m. PT.

Live webcasts and replays will be available on the Nutanix Investor Relations website.

Nutanix reported record Q4 and fiscal year 2021 results, showcasing a strong financial performance with ACV billings of $176.3 million, up 26% year-over-year, and revenue of $390.7 million, a 19% increase from Q4 FY20. Annual recurring revenue (ARR) surged 83% to $878.7 million. For FY21, total revenue reached $1.39 billion, reflecting a 7% rise. Despite the positive outlook, the average contract term decreased to 3.4 years. Free cash flow remained negative at $(42.2) million for Q4, but improved to $(158.5) million for FY21. The company expects further growth driven by low-cost renewals in FY22.

Nutanix (NASDAQ: NTNX) will host the .NEXT Digital Experience conference from September 20-23, 2021, virtually connecting IT and cloud professionals globally. The event promises insights on hybrid multicloud technology from notable speakers, including Theresa Payton and Gary Vaynerchuk. Keynotes will address cloud adoption challenges and technological advancements. Additionally, the conference features workshops, certification opportunities, and networking sessions. Major sponsors include HPE, Intel, Lenovo, and Microsoft.

Nutanix (NASDAQ: NTNX) has partnered with the Royal Opera House (ROH) to enhance its IT infrastructure as part of a £50m upgrade. The Nutanix Cloud Platform will facilitate a hybrid multicloud environment, improving operational efficiency and flexibility. The solution, delivered cost-effectively through partner ET Works, promises lower ownership costs and transparency on future expenses. This modernization supports ROH’s plans for digital streaming expansion and integration of new technologies, including Kubernetes management and on-premises storage solutions.

Nutanix (NTNX) and Cyxtera (CYXT) have partnered to launch the first Nutanix Federal Innovation Lab, located in Northern Virginia. This facility aims to provide U.S. Federal customers and industry partners with a controlled environment to develop proofs of concept and test mission-critical applications. Utilizing the Nutanix Cloud Platform and operated by Cyxtera's infrastructure, the lab ensures rapid deployment and efficient IT management, enhancing hybrid multicloud capabilities. Developed in collaboration with Intel, the lab supports various workloads while adhering to stringent federal security requirements.

Nutanix (NASDAQ: NTNX) will announce its financial results for the fiscal fourth quarter and year 2021, ending July 31, 2021, after U.S. markets close on September 1, 2021. The company will host a conference call at 4:30 p.m. EST to discuss the results, accessible by phone or online. Nutanix is a leader in hybrid multicloud computing and provides solutions that help organizations manage applications across diverse environments. For further details, visit www.nutanix.com.