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 reports developments in hybrid multicloud computing, centered on the Nutanix Cloud Platform for running applications, deploying enterprise AI workloads and managing data across data centers, edge locations and public clouds. Company news commonly covers earnings announcements, subscription software updates, AI infrastructure capabilities, Kubernetes deployments, database management and service-provider cloud programs.
Updates also include partner integrations for cloud platform modernization, certified database-service support, capital-allocation actions such as share repurchase authorizations, and conference-related product announcements tied to virtualization, containers, multitenancy and data operations.
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.
Nutanix (NASDAQ: NTNX) has announced enhancements to its Cloud Platform aimed at improving data management for critical applications. New features include up to a 2x storage performance increase for databases and 3x for big data workloads, alongside Nutanix Data Lens for unstructured data governance. The database service Nutanix Era now enables one-click storage scaling and offers robust access control for various database engines. These updates are designed to streamline management across hybrid multicloud environments while enhancing performance and security against data threats.
Cyxtera has been awarded the Nutanix Global Service Provider of the Year during the Nutanix Global .NEXT Digital Experience conference. This recognition highlights Cyxtera's ongoing partnership with Nutanix, where they provide on-demand access to Nutanix’s Hyperconverged Infrastructure (HCI) software. Cyxtera has been offering Nutanix products since 2018, enabling businesses to utilize cloud-like flexibility directly in their data centers. The partnership extends to the Federal market with the launch of the Nutanix Federal Innovation Lab.
Nutanix announced a significant financial maneuver involving its outstanding 0% Convertible Senior Notes due in 2023. The company will issue $575 million in new 0.25% Convertible Senior Notes due 2027. This is split into $477.3 million through the exchange of existing notes and $97.7 million in cash. Additionally, Nutanix plans to repurchase $12.8 million of the 2023 Notes. Following these transactions, about $145.7 million of the 2023 Notes will remain. The new notes will be convertible to cash or shares at around $57.74 per share, with a closure expected on September 22, 2021.
Nutanix (NASDAQ:NTNX) announced that EG Group, a leading convenience retailer, is leveraging the Nutanix Cloud Platform to support its rapid expansion across 6,200 locations in Europe, Australia, and the U.S. The deployment of Nutanix's hyperconverged infrastructure has led to a 50% increase in legacy application performance and eliminated outages. This robust infrastructure allows for seamless data replication, enhancing resilience during cyber-attacks. EG Group aims to continue utilizing Nutanix's technology for further growth and customer data utilization.
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, will present at three upcoming financial community virtual events:
- Deutsche Bank Technology Conference on September 10, 2021, at 7:40 a.m. PT.
- Piper Sandler Global Technology Conference on September 13, 2021, at 8:30 a.m. PT.
- Jefferies Software Conference on September 14, 2021, at 11:00 a.m. PT.
Live webcasts and replays will be available on the Nutanix Investor Relations website.
Nutanix reported record Q4 and fiscal year 2021 results, showcasing a strong financial performance with ACV billings of $176.3 million, up 26% year-over-year, and revenue of $390.7 million, a 19% increase from Q4 FY20. Annual recurring revenue (ARR) surged 83% to $878.7 million. For FY21, total revenue reached $1.39 billion, reflecting a 7% rise. Despite the positive outlook, the average contract term decreased to 3.4 years. Free cash flow remained negative at $(42.2) million for Q4, but improved to $(158.5) million for FY21. The company expects further growth driven by low-cost renewals in FY22.