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), 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%.
Nutanix (NASDAQ: NTNX) has announced enhanced ransomware protection features in its cloud platform. The updates include new threat monitoring, data replication, and improved access controls designed to help enterprises better detect, prevent, and recover from ransomware attacks. These enhancements are particularly relevant in the context of growing cybersecurity threats linked to increased remote work. The company emphasizes a comprehensive security approach integrated within its infrastructure, moving away from complex, standalone security solutions.
Nutanix (NASDAQ: NTNX) announced its selection by the United Network for Organ Sharing (UNOS) to enhance their hybrid cloud infrastructure. This collaboration aims to streamline organ matching processes, crucial for the over 100,000 patients awaiting transplants. Nutanix's technology resulted in a 30% reduction in data processing time, improving efficiency and response to clinical needs during the COVID-19 pandemic. This deployment supports UNOS' mission to improve organ donation and transplant efficiencies, ensuring critical applications are always available.
Nutanix (NASDAQ: NTNX) announced that Airport International Group has successfully implemented its Desktop-as-a-Service (DaaS) solution, Xi Frame, to ensure business continuity during the COVID-19 pandemic. This integration allowed the creation of a virtual control room and enhanced secure remote access to critical airport systems. The rapid deployment of Xi Frame enabled Airport International Group to maintain operations and provide effective training amidst lockdowns. User feedback has been positive, leading to plans for further DaaS applications, including enhanced BYOD access.
Nutanix (NASDAQ: NTNX) will report its financial results for the second quarter of fiscal year 2021, ending January 31, 2021, after market close on February 24, 2021. A conference call will occur at 4:30 p.m. ET, where management will discuss the results. Interested parties can join the call via phone or by accessing the live webcast on Nutanix's Investor Relations website. Following the call, a replay will be available for one week.
Nutanix is recognized for its leadership in cloud software and hyperconverged infrastructure solutions.
Nutanix (NASDAQ: NTNX) announced that the City of Berkeley has implemented its software solutions to enhance the scalability and reliability of its IT infrastructure amid modernization efforts. The city faced increased technology demands due to the pandemic, with Nutanix enabling around 700 employees to work from home without disruption. The new infrastructure supports critical services and includes a disaster recovery solution, addressing prior gaps in the legacy system. Additionally, Berkeley achieved a 50% reduction in hardware footprint, promoting environmental sustainability.
Nutanix (NASDAQ: NTNX) announced that Natures Organics, an Australian CPG producer, is implementing its hyperconverged infrastructure to modernize its IT systems. This overhaul aims to enhance efficiency, enabling Natures Organics to improve its eco-friendly product manufacturing while reducing costs by over 30%. The solution has resulted in a 700% increase in business intelligence reporting capacity and a 55% decrease in IT energy consumption.
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