Nutanix Rides On Solid HCI Portfolio, Adds New Features
Zacks Investment Research | Mar 18, 2020 10:29PM ET
Nutanix (NASDAQ:NTNX) is benefiting from the transition to software-only sales. The company’s software-defined hyper converged infrastructure (HCI) solutions support multi-hypervisor and multi-cloud with unified management. The company’s solutions are primarily deployed in large and centralized data centers. The company’s built-in hypervisor has been gaining significant traction as customers continue to select it as a low-cost alternative compared to other vendor offerings.
Notably, in its last reported quarter, the company’s software and support revenues grew 13.7% year over year to $338.2 million. Moreover, the company’s hypervisor, AHV, experienced a 47% increase in adoption on a rolling four-quarter basis.
The company recently expanded the Nutanix platform by incorporating Original post
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