Nutanix Inc Stock Price, News & Analysis

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%.

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.