Nutanix Inc Stock Price, News & Analysis

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.

Nutanix (NASDAQ: NTNX) and Red Hat have announced a strategic partnership aimed at enhancing cloud-native applications management in hybrid cloud environments. Key highlights include Red Hat OpenShift becoming the preferred Kubernetes choice on Nutanix Cloud Platform, certification of Nutanix AHV as a hypervisor for Red Hat solutions, and a joint engineering roadmap to ensure interoperability. This collaboration promises to simplify support and offer joint customers a robust infrastructure for both virtualized and containerized workloads.

Nutanix (NASDAQ: NTNX) announced that The Bar of Ireland has chosen its platform to develop a multicloud environment. This decision comes as the organization faces the challenge of upgrading its legacy infrastructure while adhering to budget constraints typical for non-profits. Nutanix offers on-demand scalability, cost predictability, and seamless workload migration, allowing for optimized resources across clouds. The platform's unified management console further simplifies IT operations, making it a suitable choice for The Bar of Ireland's digital transformation.

Nutanix (NTNX) announced the election of Virginia Gambale as the Chair of its Board, effective June 16, 2021. Gambale joined the Board in June 2020 and has served as Lead Independent Director. She will lead the board's agenda on governance and oversight while focusing on the company’s growth. The transition follows the departure of Dheeraj Pandey as Chair. Gambale, with over 20 years of board experience and a strong background in technology and finance, emphasized her commitment to driving sustainable value and expanding Nutanix's leadership in cloud software.

Nutanix (NASDAQ: NTNX) announced that Mercedes-Benz do Brasil Ltda. has selected its cloud platform for digital transformation of its IT infrastructure. This shift aims to enhance agility, streamline automation, and reduce costs. The legacy infrastructure was replaced, allowing for quicker installations and efficient system management. Key improvements include a 75% reduction in virtual machine installation time and a fivefold increase in installation rate. Mercedes-Benz plans to broaden its use of Nutanix solutions to other subsidiaries, enhancing its development processes.