Cisco and Nutanix form strategic relationship, combining Nutanix Cloud Platform with UCS. Nutanix integrates Cloud Platform with Cisco ACI. Cisco also stops HyperFlex.
Enterprise cloud computing player Nutanix (Nasdaq: NTNX) recently announced its fiscal year results that outpaced market expectations. The company's strong performance and guidance helped drive the stock 15% higher in the after-hours trading session. Nutanix's Financials For the fourth quarter of the year, revenues grew 28% to $494.2 million, ahead of the market's forecast by 3.91%. ACV billings grew 44% to $278.7 million, ahead of the consensus and guidance by 17 points, making it the highest beat versus guide since the company started guiding on this metric. EPS was $0.24, compared with the Street's forecast of $0.15. By segment, Nutanix's subscription revenues grew 31% to $459.5 million while revenues from non-portable software fell 9% to $10.38 million. Revenues from hardware grew 3% to $351 million and professional software revenue grew 4% to $24.02 million. For the fiscal year, Nutanix reported revenues of $1.86 billion, up 18%. It ended the year with ear
Cisco and Nutanix Forge Global Strategic Partnership to Simplify Hybrid Multicloud and Fuel Business Transformation menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Cisco, the leader in enterprise networking and security, and Nutanix, Inc., a leader in hybrid multicloud computing, today announced a global strategic partnership to accelerate hybrid multicloud deployments by offering the industry’s most complete hyperconverged solution for IT modernization and business transformation.