Nutanix Inc Stock Price, News & Analysis

Nutanix, Inc. (NASDAQ: NTNX) is seeking stockholder approval for governance enhancements aimed at boosting corporate governance and driving shareholder value. Key changes include declassifying the Board, which will allow for annual director elections, adopting majority voting in uncontested elections, and eliminating supermajority vote requirements. These proposals will be presented at the 2022 Annual Meeting, with the expectation of implementation in early October 2022. The Board is also looking to add an independent director with software leadership experience.

Nutanix (NASDAQ: NTNX) has announced significant updates to its Elevate Partner Program, aimed at enhancing partner engagement and capturing market opportunities. The revamped program introduces expanded incentives for partners and individual sellers, including a New Business Individual Incentive for new account acquisitions. Furthermore, a Channel Led Selling Rebate Incentive supports resellers in autonomously driving deals. The initiative includes a focus on partner education and competencies through new accreditation requirements. These changes reflect Nutanix's commitment to strengthening its partner ecosystem.

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, will participate in two financial events. First, at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 10:45 a.m. PDT. Second, at the Piper Sandler Growth Frontiers Conference on September 14, 2022, at 12:30 p.m. PDT. Live webcasts will be available on the Nutanix Investor Relations website. Nutanix specializes in cloud software and hyperconverged infrastructure solutions, enabling organizations to manage applications across various environments.

Nutanix, Inc. (NTNX) reported a 27% year-over-year growth in Annual Contract Value (ACV) billings for fiscal 2022, totaling $756.3 million. The company achieved positive free cash flow of $23.2 million in Q4 FY'22, a significant turnaround from a loss of $42.2 million in Q4 FY'21. Revenue for FY'22 was $1.58 billion, a 13% increase from the previous year. Nutanix anticipates ongoing growth with FY'23 ACV billings guidance between $895 million and $900 million.

Nutanix (NASDAQ: NTNX) announced the upcoming Nutanix Essentials virtual event for IT and DevOps leaders on September 14, 2022. This event aims to address challenges in hybrid and multicloud environments, focusing on reducing complexity and costs in IT infrastructures. Highlights include keynotes from CEO Rajiv Ramaswami and other executives, along with 8 breakout sessions covering crucial topics such as SecOps, database management, and ransomware defense. Free registration is available, offering attendees access to valuable insights and strategies.

Nutanix, Inc. (NASDAQ: NTNX) will report its financial results for Q4 and fiscal year 2022, ending July 31, 2022, after U.S. markets close on August 31, 2022. The company will hold a conference call and earnings webcast at 4:30 p.m. EDT to discuss these results. Investors can join the call by dialing specified numbers or via the Nutanix Investor Relations website, where a replay will be available afterward. Nutanix is recognized as a leader in hybrid multicloud computing, enabling organizations to manage applications across diverse environments.

Nutanix (NASDAQ: NTNX) announced Andrew Brinded as the new Chief Revenue Officer, succeeding Dominick Delfino, who has left for another opportunity. Brinded, with 5 years at Nutanix and prior senior roles, is expected to drive revenue growth and customer satisfaction. The company updated its fiscal 2022 outlook, projecting revenue, ACV billings, and non-GAAP gross margin above previous estimates, while maintaining non-GAAP operating expenses.

Nutanix (NASDAQ: NTNX) will present at the 42nd Annual William Blair Growth Stock Conference on June 6, 2022, at 2:00 p.m. PT (5:00 p.m. ET). A live webcast and replay of the presentation will be available on Nutanix's Investor Relations website. Nutanix specializes in hybrid multicloud computing and hyperconverged infrastructure solutions, allowing organizations to manage applications effectively across various platforms. For more details, visit www.nutanix.com.

Nutanix reported impressive Q3 FY2022 results, showcasing a 28% YoY growth in ACV Billings and 17% YoY revenue growth, reaching $403.7 million. The company also saw a 46% increase in Annual Recurring Revenue (ARR) to $1.1 billion. Despite solid performance, challenges including supply chain delays and high sales rep attrition impacted the outlook for Q4, with projected revenue between $340 - $360 million.

Nutanix emphasized continued demand for its hybrid multicloud platform and a focus on mitigating these issues.