Nutanix Inc Stock Price, News & Analysis

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced its participation in the Nasdaq 45^th Investor Conference on December 1, 2021, at 7:00 a.m. PT (10:00 a.m. ET). The event will feature a live webcast of the presentation, accessible via the Nutanix Investor Relations website. Nutanix specializes in cloud software and hyperconverged infrastructure, enabling organizations to manage applications across hybrid multicloud environments efficiently.

Nutanix, Inc. (NASDAQ: NTNX) reported strong Q1 FY’22 results, achieving a record 33% year-over-year growth in Annual Contract Value (ACV) Billings, totaling $183.3 million, and a 21% increase in revenue to $378.5 million. The Annual Recurring Revenue (ARR) grew 67% to $952.6 million. The company also highlighted efforts to reach free cash flow break-even by H2 2022 and a target of over 25% CAGR in ACV billings through FY 2025. Additionally, Nutanix announced a strategic partnership with Citrix and was recognized by Gartner for its infrastructure solutions.

Nutanix (NASDAQ: NTNX) has been named a Leader in Gartner's November 2021 Magic Quadrant for Hyperconverged Infrastructure (HCI) Software for the fifth consecutive year. This recognition highlights Nutanix’s commitment to enhancing its HCI software capabilities, achieving a 90 Net Promoter Score (NPS) over the past seven years. With a focus on hybrid multicloud solutions, Nutanix aims to simplify datacenter modernization, enabling organizations to effectively manage their IT environments.

Nutanix has appointed Anja Hamilton as the new Chief People Officer, effective January 4, 2022. With over 20 years of HR experience, Hamilton is expected to drive employee engagement and shape corporate culture. She will oversee Nutanix's global people strategy, focusing on talent acquisition, diversity, and employee wellness. Former Chief People Officer Rukmini Sivaraman will transition to SVP of Finance and Planning. CEO Rajiv Ramaswami highlighted the importance of Hamilton's role in attracting and retaining top talent for the company's growth.

Nutanix (NASDAQ: NTNX) announced it will release its financial results for the first quarter of FY 2022, ending October 31, 2021, after U.S. markets close on November 23, 2021. A conference call will follow at 4:30 p.m. EST to discuss these results. Participants can join via phone or through the Nutanix Investor Relations website. Nutanix is recognized for its innovative cloud software and hyperconverged infrastructure solutions, focusing on hybrid multicloud environments.

Nutanix has appointed Dominick Delfino as the new Chief Revenue Officer, effective December 6, 2021. Delfino will oversee the company's global sales organization, including various sales divisions. Rajiv Ramaswami, Nutanix President and CEO, praised Delfino’s experience in scaling businesses and delivering sales growth. Delfino has over 20 years of sales leadership experience, having previously served at Pure Storage and VMware. His focus will be on driving revenue growth and enhancing customer satisfaction within Nutanix's hybrid multicloud computing landscape.

Nutanix (NASDAQ: NTNX) has been recognized as a Visionary in Gartner's October 2021 Magic Quadrant for Distributed Files and Objects Storage, marking its first inclusion in this report. The recognition reflects Nutanix's advancements in hybrid multicloud computing and its commitment to enhancing storage solutions for enterprises. The company reported over 100% year-over-year growth in New ACV Bookings from emerging products, showcasing its ongoing innovation in unstructured data storage and modern analytics applications. Nutanix continues to offer robust features and built-in ransomware protection.

Nutanix (NASDAQ: NTNX) has launched AOS™ version 6, enhancing its Cloud Platform for hybrid multicloud environments. This update includes Flow Networking™ for simplified networking, integrated disaster recovery (DR) capabilities, and automated zero-trust security policies. The platform's features allow enterprises to reduce operational costs, streamline disaster recovery, and enhance security without the need for additional hardware. AOS 6 aims to address enterprises' common challenges, offering a unified interface for better management and efficiency.

Nutanix (NASDAQ: NTNX) and Citrix (NASDAQ: CTXS) have formed a strategic partnership to enhance secure, reliable remote work solutions. This collaboration enables customers to access apps, desktops, and data from any device via Nutanix's hyperconverged infrastructure and Citrix's DaaS services. With this partnership, Nutanix becomes the preferred choice for HCI in hybrid multicloud deployments while Citrix's services will be integrated into Nutanix's offerings. The companies aim to provide comprehensive desktop-as-a-service options to facilitate the transition to hybrid work environments.