Nutanix, Inc. - (NTNX) News
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Latest NTNX News From Around the Web
Below are the latest news stories about Nutanix Inc that investors may wish to consider to help them evaluate NTNX as an investment opportunity.
Such is the new world of tech conferences in the age of COVID-19. They’ve gone all-digital, like Build and GTC Digital, and may never be the same. Absent a vaccine, the days of thousands of people herded into hotel ballrooms and convention centers like cattle, sharing cabs and eating in cramped quarters, are gone.
Nutanix (NASDAQ: NTNX) reported its third quarter 2020 results on Wednesday. The company reported a wider loss compared to the year-ago quarter.
Top Ranked Momentum Stocks to Buy for May 29th
Dheeraj Pandey, Nutanix CEO & founder, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss the cloud-computing company's latest earnings report, the future of work 'as a driver of business' and much more.
The CEO of Nutanix says he's not 'drinking the Kool Aid of everything remote' and explains why he thinks hybrid workplace will likely be the norm (NTNX)
Nutanix pivoted to a remote workforce like most tech companies, but CEO Dheeraj Pandey said he doesn't think embracing that as a permanent model is practical. Pandey said he is leaning toward a "hybrid" approach that would allow employees to work from home while also maintaining key in-person operations in the workplace. "The tribe is really important," he told Business Insider. "At the same time, employees have tasted blood and they like what they see in working from home. They believe it's commute-free. They believe it's highly-flexible." Click here for more BI Prime stories. Like most tech companies in the COVID-19 crisis, Nutanix had to make the sudden transition to a remote workforce. But CEO Dheeraj Pandey has misgivings about making remote work permanent for its employees. "The t...
Nutanix (NASDAQ: NTNX) came into its third-quarter earnings report having already given investors in peek into its numbers with a preliminary report early in May. Nonetheless, the results were better than the company had hinted. Eighty-four percent of billings came from subscriptions, and the subscription gross margin improved from 73.9% to 77.3%. Revenue from subscriptions increased 55% to $261 million, showing the strength and momentum of its subscription model.
The three major indexes closed in the green on Wednesday, as investors focused on economic recovery stemming from business activity rising across the country.
While Nutanix's (NTNX) top line benefits from demand for its hybrid cloud solutions, elevated expenses play spoilsport in third-quarter fiscal 2020.
The cloud chief said the pandemic has had a mixed impact on its business so far, and that Nutanix is embracing a startup mentality.
Q3 2020 Nutanix Inc Earnings Call