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    NTNX   US67059N1081


Delayed Quote. Delayed Nasdaq - 10/18 04:00:00 pm
35.4 USD   +1.00%
10/13NUTANIX, INC. : Change in Directors or Principal Officers (form 8-K)
10/12INSIDER SELL : Nutanix
10/07INSIDER SELL : Nutanix
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Nutanix : EG Group Drives Miles Further With Nutanix in the Tank

09/08/2021 | 09:08am EDT

Nutanix Cloud Platform Reinforces Fast-Paced Business Model Powering Expanding Global Garage Operator

Nutanix (NASDAQ: NTNX) a leader in hybrid multicloud computing, announced today that, following the deployment of Nutanix Cloud Platform across its global network, leading convenience retailer EG Group is already reaping the benefits of that investment and is empowered to implement ambitious plans for further rapid growth.

Starting with a single location in 2001, EG Group has become one of the UK’s fastest growing forecourt operators with an expanding portfolio of approximately 6,200 sites across mainland Europe, Australia, the U.S. and the UK. One byproduct of this rapid growth, however, tends to be a mixed inheritance of legacy IT unfit for purpose in the context of a large, fast-paced business like EG Group.

“Keeping on top of a business which is growing at a phenomenal rate calls for agile, scalable, secure and always available IT, and that wasn’t what we had,” said Graham Billsborough, Group CIO at EG Group. “Over time we’d acquired a collection of some twenty or so data centers running a mix of applications, largely under invested and end of life and far below what’s needed to support a large global business.”

Tasked with unifying and transforming the IT infrastructure across the Group, Billsborough had a clear plan for simplicity, resilience and, above all, innovative and flexible technology. All of which led to Nutanix, with the company opting to build a network of data centers spread across the UK, North America and Australia, each equipped with Nutanix hyperconverged infrastructure (HCI) software and the Nutanix AHV hypervisor. The new network would also be configured to replicate data for rapid failover and disaster recovery, with Nutanix Prism to deliver simple management of all physical and virtual IT resources from a single interface.

In order to minimize disruption, the Nutanix migration was staged over several months, but the benefits were almost instant. A very welcome 50% uplift in legacy application performance was immediately noticed.

Complexity has been significantly reduced and reliability of the Group’s IT transformed, with no outages since migrating to the Nutanix infrastructure. Resilience, too, has been proven, as the built-in data replication tools enabled the company to withstand a wave of coordinated cyber-attacks thought to be behind recent outages across other forecourt businesses.

“EG Group's experience is typical of what we see and a great case study of the benefits available to Nutanix Cloud Platform customers,” commented Dom Poloniecki, Vice President & General Manager, Western Europe & Africa at Nutanix. “Key features of the Nutanix Cloud Platform such as its on-demand scalability and intuitive integrated management through a single interface have been instrumental in driving EG Group’s business forward, and doing so through a period of such rapid and sustained growth. Growth that continues at speed and which we at Nutanix are delighted to help manage as a provider of cutting edge technologies and services to this burgeoning and forward thinking business.”

With the Nutanix infrastructure fully installed and working across the EG Group, Billsborough and the team are busy putting it to work supporting yet further expansion and growth. Beyond that, the company also has plans to leverage its investment to capture, understand and utilize customer data to further its ongoing digital transformation process.

About Nutanix

Nutanix is a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making clouds invisible, freeing customers to focus on their business outcomes. Organizations around the world use Nutanix software to leverage a single platform to manage any app at any location for their hybrid multicloud environments. Learn more at www.nutanix.com or follow us on social media @nutanix.

© 2021 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This release may contain links to external websites that are not part of Nutanix.com. Nutanix does not control these sites and disclaims all responsibility for the content or accuracy of any external site. Our decision to link to an external site should not be considered an endorsement of any content on such a site. Certain information contained in this press release may relate to or be based on studies, publications, surveys and other data obtained from third-party sources and our own internal estimates and research. While we believe these third-party studies, publications, surveys and other data are reliable as of the date of this press release, they have not independently verified, and we make no representation as to the adequacy, fairness, accuracy, or completeness of any information obtained from third-party sources.

This release may contain express and implied forward-looking statements, which are not historical facts and are instead based on our current expectations, estimates and beliefs. The accuracy of such statements involves risks and uncertainties and depends upon future events, including those that may be beyond our control, and actual results may differ materially and adversely from those anticipated or implied by such statements. Any forward-looking statements included herein speak only as of the date hereof and, except as required by law, we assume no obligation to update or otherwise revise any of such forward-looking statements to reflect subsequent events or circumstances.

© Business Wire 2021
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Financials (USD)
Sales 2022 1 601 M - -
Net income 2022 -706 M - -
Net cash 2022 98,5 M - -
P/E ratio 2022 -10,7x
Yield 2022 -
Capitalization 7 583 M 7 583 M -
EV / Sales 2022 4,68x
EV / Sales 2023 3,90x
Nbr of Employees 6 080
Free-Float 96,4%
Duration : Period :
Nutanix, Inc. Technical Analysis Chart | NTNX | US67059N1081 | MarketScreener
Technical analysis trends NUTANIX, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 35,40 $
Average target price 49,67 $
Spread / Average Target 40,3%
EPS Revisions
Managers and Directors
Rajiv Ramaswami President, Chief Executive Officer & Director
Duston M. Williams Chief Financial Officer
Virginia Gambale Chairman
Rajiv Mirani Chief Technology Officer
Wendy M. Pfeiffer Chief Information Officer
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