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Sunday, May 28, 2017

Nutanix revenue, relationships grow

#Nutanix ’s success selling #hyperconverged software depends largely on how well it both competes with and partners with the large server vendors. Nutanix revenue beat expectations last quarter, after giving a disappointing forecast three months ago. Its revenue of $192 million increased 67% and smashed its guidance of $180 million to $190 million for the quarter. The hyper-convergence vendor still lost $112 million – up from $46.8 million a year ago – despite the increase in sales, but still has $350 million in cash and investments. Nutanix also had a higher forecast than Wall Street expected, guiding for $215 million to $220 million.

http://searchstorage.techtarget.com/blog/Storage-Soup/Nutanix-revenue-relationships-grow

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