Story image

Nutanix revenue soars in first year as public company

06 Sep 17

Hyperconverged pioneer Nutanix has seen revenue growth of 72% for its first year as a public company.

The company reported full year revenue of US$766.9 million, with billings for the year sitting at $990.5 million, up 55%.

Despite the solid revenue, the company still returned a GAAP net loss, at $458.0 million, up from last year’s $168.5 million.

Dheeraj Pandey, Nutanix chief executive, says the fourth quarter – which saw the company log $226.1 million in revenue and a net loss of $90.7 million – was a record quarter for the company and ‘an outstanding conclusion to the fiscal year’.

“Our newly announced products, Nutanix Calm and Xi Cloud Services, extend our market opportunity by simplifying and harmonising data center operations for the multi-cloud era,” Pandey says.

“This quarter, marked by record revenues, continued adoption of AHV, increased software-only sales, strong growth from our OEM partners and positive operating cash flow, was a great way to end our first year as a public company.”

The company says it has seen a 75% increase in the adoption of its AHV license-free enterprise-ready hypervisor.

The fourth quarter also saw the addition of more than 875 new customers to Nutanix’ books, including Bacardi, The Hershey Company, Konica Minolta Business Solutions Europe GmbH, Home Depot and Tokopedia.

Forty-three of those customers involved deals of over $1 million, Nutanix says.

Nutanix’ growth comes at a time when competition in the hyperconverged space continues to heat up.

Last months Cisco announced it is acquiring hyperconvergence software company Springpath in a US$320 million deal designed to help Cisco bolster its data center portfolio.

The company, which went public in September 2016, is forecasting first quarter 2018 revenue of between US$240 million and US$250 million.

Analysts have suggested that 2018 will see the company join the billion-dollar club.

Vertiv reveals new ‘plug-and-play’ data centre options
The new product families are said to enable the rapid deployment of right-sized, just-in-time data centre and power capacity.
Fujitsu takes conservation prize for immersion cooling system
The prize was awarded for the Fujitsu Server PRIMERGY Immersion Cooling System that can reduce power consumption by up to 40%.
5G will propel RAN market to $160b in near future
5G growth is expected to advance at a faster pace than LTE, particularly within the APAC region.
Telstra partnerships boost subsea cable infrastructure
Telstra’s customers across Asia Pacific will soon be able to take advantage of major major boosts to Telstra’s network services and subsea cables.
Expert comment: Google fined US$57mil for GDPR breaches
The committee examining the breaches found two types of breaches of the GDPR.
NTT Com launches Azure stack in Singapore
NTT Communications Corporation (NTT Com) has introduced the Managed Microsoft Azure Stack Solution to its Singapore operations.
Liquid cooling key to silencing a noisy data centre
Data centre are famous for being very noisy, but Schneider Electric's Steven Carlini says liquid cooling infrastructure could change that.
Achieving cyber resilience in the telco industry - Accenture
Whether hackers are motivated by greed, or a curiosity to assess a telco’s weaknesses; the interconnected nature of the industry places it in a position of increased threat