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 has announced its upcoming .NEXT 2023 event scheduled for May 9-10 in Chicago. This in-person event will showcase the latest in hybrid multicloud computing, featuring keynotes from renowned speakers like Allyson Felix, Dr. Ayesha Khanna, and Tony Hawk. Attendees can expect expert-led sessions aimed at refining cloud strategies, enhancing productivity, and cutting costs.
The event will include hands-on labs and expert sessions on various topics, such as sustainability in IT and future-proofing cloud strategies. Nutanix is also partnering with notable sponsors like Citrix, HPE, and Intel, adding to its growing ecosystem.
The registration link and full agenda can be found at Nutanix's official site.
Nutanix (NASDAQ: NTNX) released its fifth global Enterprise Cloud Index (ECI) survey, highlighting the rising complexity in IT infrastructure as organizations increasingly use multiple environments. Key findings indicate that 60% of IT teams currently navigate various infrastructures, a figure projected to rise to 74%. Security, visibility, and cloud cost management remain significant challenges, with only 40% having full insight into their data locations. Additionally, 96% of respondents utilize open-source Kubernetes, yet face challenges in deploying it. Sustainability is also gaining traction as 92% deem it more critical than last year.
Nutanix, a leader in hybrid multicloud computing, received a standard notification from Nasdaq on March 15, 2023, for not filing its Quarterly Report on Form 10-Q for the period ending January 31, 2023. This notification indicates non-compliance with Nasdaq Listing Rule 5250(c)(1), which mandates timely filing of financial reports. However, the notification does not affect the trading of Nutanix's Class A common stock on Nasdaq. Nutanix has 60 days to submit a compliance plan, which could grant an extension of up to 180 days, until September 11, 2023, to regain compliance. The company aims to adhere to the required timeline.
Nutanix, Inc. (NASDAQ: NTNX) reported preliminary financial results for Q2 FY2023, achieving a 23% year-over-year growth in ACV billings, totaling $267.6 million. The company also experienced an 18% increase in revenue, reaching $486.5 million, alongside a record free cash flow margin of $63.0 million. Nutanix raised its FY2023 revenue and ACV billings guidance to between $1.80 - $1.81 billion and $905 - $915 million, respectively. However, an ongoing investigation into the misuse of third-party software may incur additional costs. Nutanix reaffirmed its expectations of $100 to $125 million in free cash flow for the fiscal year.
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, is set to present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 11:35 a.m. PST. A live webcast of the presentation will be available on the Nutanix Investor Relations website.
As a pioneer in hyperconverged infrastructure solutions, Nutanix enables organizations to manage applications across hybrid multicloud environments, enhancing business outcomes. For more information, visit www.nutanix.com.
Nutanix, a leader in hybrid multicloud computing, announced it will report its financial results for Q2 of fiscal 2023, concluding on January 31, 2023, on March 6, 2023, after U.S. market close. A conference call will follow at 4:30 p.m. EST to discuss these results, with a live webcast available on its Investor Relations website. Nutanix specializes in cloud software and hyperconverged infrastructure, enabling organizations to manage applications seamlessly across various environments. To stay updated, interested parties can access the registration link and the Investor Relations website.
Nutanix (NASDAQ: NTNX) will present at the 25th Annual Needham Growth Conference on January 12, 2023, at 10:30 a.m. PST (1:30 p.m. EST). A live webcast and replay of the presentation will be available on the Nutanix Investor Relations website. Nutanix is a leader in hybrid multicloud computing, providing cloud software and hyperconverged infrastructure solutions to help organizations manage applications across various environments. For further details, please visit nutanix.com.
FAQ
What is the current stock price of Nutanix (NTNX)?
What is the market cap of Nutanix (NTNX)?
What does Nutanix, Inc. specialize in?
What is the Nutanix Enterprise Cloud Platform?
What are some applications of Nutanix's solutions?
Where does Nutanix generate most of its revenue?
How quickly can Nutanix appliances be deployed?
What is unique about Nutanix's approach to infrastructure?
Who leads the engineering team at Nutanix?
Does Nutanix have a global presence?
What benefits does Nutanix offer to enterprises?
How does Nutanix enhance security for its clients?
