Nutanix Inc Stock Price, News & Analysis

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.

Nutanix (NASDAQ: NTNX) announced its selection by the United Network for Organ Sharing (UNOS) to enhance their hybrid cloud infrastructure. This collaboration aims to streamline organ matching processes, crucial for the over 100,000 patients awaiting transplants. Nutanix's technology resulted in a 30% reduction in data processing time, improving efficiency and response to clinical needs during the COVID-19 pandemic. This deployment supports UNOS' mission to improve organ donation and transplant efficiencies, ensuring critical applications are always available.

Nutanix (NASDAQ: NTNX) announced that Airport International Group has successfully implemented its Desktop-as-a-Service (DaaS) solution, Xi Frame, to ensure business continuity during the COVID-19 pandemic. This integration allowed the creation of a virtual control room and enhanced secure remote access to critical airport systems. The rapid deployment of Xi Frame enabled Airport International Group to maintain operations and provide effective training amidst lockdowns. User feedback has been positive, leading to plans for further DaaS applications, including enhanced BYOD access.