Nutanix Inc Stock Price, News & Analysis

Nutanix (NASDAQ: NTNX) reported its Q3 FY 2024 financial results, showcasing strong performance. Annual Recurring Revenue (ARR) grew by 24% year-over-year, reaching $1.82 billion, and revenue increased by 17% to $524.6 million. The company achieved a GAAP gross margin of 84.8% and a non-GAAP gross margin of 86.5%. Operating losses improved significantly to $11.6 million from $58.6 million, while non-GAAP operating income surged to $73.3 million. Free cash flow rose to $78.3 million. The company also highlighted multiple strategic partnerships and innovations, including advancements in AI and Kubernetes, and an enhanced collaboration with Dell Technologies. For Q4 FY 2024, Nutanix expects ACV billings between $295 million and $305 million, revenue between $530 million and $540 million, and a non-GAAP operating margin of 9% to 10%.

Nutanix announced new functionality for its GPT-in-a-Box, integrating with NVIDIA NIM inference microservices and Hugging Face's LLM library. GPT-in-a-Box 2.0 includes a unified user interface, role-based access control, and supports NVIDIA Tensor Core GPUs. The enhancements aim to simplify enterprise AI adoption with on-premises solutions.

The company also launched the Nutanix AI Partner Program to collaborate with leading AI solutions partners. The program aims to help customers manage and secure generative AI applications on Nutanix Cloud Platform.

Additionally, Nutanix enhanced its unstructured data platform for AI/ML with features like a 550+ TB all-NVMe platform, 10GB/s sequential read throughput, and support for NVIDIA GPUDirect Storage.

Expected availability for GPT-in-a-Box 2.0 is the second half of 2024.

Nutanix (NASDAQ: NTNX) and EnterpriseDB (EDB) have announced an expanded partnership to enhance the adoption of PostgreSQL in enterprise environments. This collaboration combines Nutanix Database Service's automation capabilities with EDB's performance, security, and Oracle compatibility. The joint solution aims to support transactional, analytical, and AI applications at scale in both on-premises and cloud environments. Nutanix's automation simplifies database management tasks, while EDB's features facilitate a seamless migration from legacy systems. This alliance promises improved productivity for developers, faster deployment, and increased reliability for critical applications. Enterprises will benefit from consistent operations, simplified migrations, and enhanced performance, positioning PostgreSQL as a key player in data analytics and AI.

Nutanix (NASDAQ: NTNX) has announced new capabilities in its Nutanix Cloud Platform, providing visibility into power consumption to help organizations with their sustainability goals. This new feature, available in Nutanix Cloud Infrastructure (NCI), allows customers to monitor real-time power usage and visualize energy metrics within their Nutanix dashboard. According to Nutanix, 88% of organizations prioritize sustainability, but often struggle to measure energy use accurately. The new tool aims to provide detailed power and energy usage data, enabling better sustainability planning and decision-making. On average, Nutanix customers reported a 70% reduction in physical footprint and a 50% reduction in energy consumption when using NCI.

Nutanix (NASDAQ: NTNX) has announced the Nutanix Kubernetes Platform (NKP) at the .NEXT Conference in Barcelona, Spain. NKP is designed to simplify the management of Kubernetes clusters across hybrid and multicloud environments. This CNCF-compliant platform aids Platform Engineering teams in deploying and managing containerized applications securely and efficiently. NKP offers centralized management, automation, and integration with Nutanix's suite of data services. It supports both Nutanix and non-Nutanix environments, including air-gapped setups. NKP comes in three tiers—Starter, Pro, and Ultimate—catering to different stages of cloud-native adoption. Expected release is summer 2024.

Nutanix (NASDAQ: NTNX) and NVIDIA have announced a collaboration to accelerate enterprise AI adoption. The integration of NVIDIA NIM inference microservices with Nutanix’s GPT-in-a-Box 2.0 will allow enterprises to build scalable, secure, high-performance GenAI applications both in the enterprise and at the edge.

This collaboration aims to simplify AI model deployment, making it accessible without needing a team of data scientists. The integration will automate deploying and running inference endpoints for a wide range of AI models, leveraging Nutanix's data services and compute platform.

Nutanix also announced certification for the NVIDIA AI Enterprise 5.0 software platform, ensuring streamlined AI development and deployment. Nutanix GPT-in-a-Box 2.0 is set to be available in the second half of 2024.

Nutanix has announced new AHV deployment options and features aimed at accelerating enterprise infrastructure modernization. At the .NEXT Conference in Barcelona, Nutanix unveiled capabilities designed to help companies reuse existing server hardware, lowering total cost of ownership (TCO).

A strategic partnership with Cisco has been formed to certify Cisco UCS blade servers, allowing more flexibility in deployment options. Nutanix also introduced new features that enhance cyber-resilience and support multi-site disaster recovery, essential for the upcoming Digital Operations Resilience Act (DORA).

Additionally, enhancements in Secure Snapshot and live migration capabilities promise to simplify operations and improve performance. These developments aim to provide a robust, scalable, and flexible environment for enterprises transitioning to a modernized infrastructure.

Nutanix (NASDAQ: NTNX) and Dell Technologies have announced a collaboration to accelerate customers' digital transformation with new hybrid multicloud solutions. Joint customers will benefit from combined Dell and Nutanix technologies to enhance IT operations, resiliency, and flexibility. The partnership will offer two new solutions: an integrated hyperconverged appliance combining Nutanix Cloud Platform and Dell servers, and Nutanix Cloud Platform for Dell PowerFlex, allowing for independent scaling of compute and storage. The solutions will be available through Dell's sales teams and partners worldwide, and are expected to be accessible to customers in early access later this year.

Nutanix, Inc. (NASDAQ: NTNX) will report its financial results for the third quarter of fiscal year 2024 on May 29, 2024, after the U.S. markets close. A conference call and earnings webcast will be held on the same day to discuss the results. Interested parties can access the call via the provided link or webcast on the Nutanix Investor Relations website.