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. (NASDAQ: NTNX) is a hybrid multicloud computing company that publishes cloud software for running applications and AI and managing data across data centers, edge locations, and public clouds. The NTNX news feed on Stock Titan aggregates company announcements, partner updates, financial disclosures, and product news that Nutanix releases through channels such as GlobeNewswire and other wires.
Investors and technology professionals following NTNX news will see regular updates on Nutanix’s hybrid multicloud platform strategy, including enhancements to the Nutanix Cloud Platform (NCP), the Nutanix Kubernetes Platform (NKP), Nutanix Enterprise AI (NAI), Nutanix Cloud Clusters (NC2), and related offerings. Recent press releases have covered topics such as new capabilities for distributed sovereign clouds, expanded support for government-focused cloud marketplaces, and collaborations with major technology and cloud providers.
The NTNX news stream also features information on financial events and capital allocation decisions, including quarterly earnings announcements, share repurchase authorizations, and accelerated share repurchase agreements, as disclosed by the company. In addition, Nutanix regularly announces participation in investor conferences and highlights recognition from industry analysts in areas such as distributed hybrid infrastructure.
By monitoring this NTNX news page, readers can review Nutanix’s own descriptions of its business performance, product roadmap, strategic partnerships, and initiatives in areas like AI, security, and compliance. The feed provides a centralized view of official Nutanix communications that may be relevant to shareholders, analysts, customers, and others interested in the company’s hybrid multicloud and enterprise infrastructure activities.
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.
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Nutanix and Hewlett Packard Enterprise (HPE) have expanded their partnership to enhance hybrid and multicloud adoption. They will offer Nutanix Era, a database operations solution, bundled with HPE ProLiant servers as a managed cloud service via HPE GreenLake. This collaboration aims to streamline database management, reporting a 97% increase in database provisioning speed and a 60% reduction in storage requirements. The partnership achieved an 80% year-on-year increase in annual contract value bookings in early 2021, indicating significant market momentum.
Nutanix (NTNX) has launched the Nutanix Elevate Service Provider Program, enhancing its Elevate Partner Program to include global service providers. This initiative aims to help service providers enhance profitability and accelerate time-to-market by simplifying operations and addressing traditional vendor lock-in. IDC forecasts growth in the managed cloud services market to reach $101.1B by 2024. The program introduces two new partnership levels, offering benefits like training, marketing support, and financial incentives to empower service providers in delivering differentiated hybrid and multicloud services.
Nutanix (NASDAQ: NTNX) announced that Toyota Motor Corp has adopted its cloud platform to create a virtual desktop infrastructure (VDI) for its Engineering Design Group, enabling the use of 3D CAD software. This initiative, which includes support for approximately 1,000 devices, allows employees to work remotely and efficiently, especially crucial during the COVID-19 pandemic. The deployment was completed ahead of schedule and aims to reduce workstation costs by consolidating resources. Toyota plans to expand this system across its group companies in the future.
Nutanix (NASDAQ: NTNX) will present at two upcoming virtual financial events. The first is the William Blair 41st Annual Growth Stock Conference on June 1, 2021, at 12:00 p.m. PT; 3:00 p.m. ET. The second is the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 9:40 a.m. PT; 12:40 p.m. ET. Live webcasts and recordings will be available on the Nutanix Investor Relations website at ir.nutanix.com.
Nutanix (NTNX) announced strong financial results for Q3 FY2021, highlighting Annual Contract Value (ACV) billings of $159.9 million, an 18% increase year-over-year. The Run-rate ACV reached $1.45 billion, up 25% from last year. The average contract term decreased slightly to 3.3 years. CEO Rajiv Ramaswami expressed satisfaction with the company's ability to exceed guided metrics consistently. Additionally, CFO Duston Williams noted a record in ACV billings and effective cost management leading to operating expenses below guidance.
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