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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nutanix, Inc.    NTNX

NUTANIX, INC.

(NTNX)
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Nutanix : Helps Fairway Independent Mortgage Secure World-Class Customer Experience

10/07/2020 | 09:05am EST

Company Selects Nutanix Private Cloud to Simplify and Automate IT Operations

Nutanix (NASDAQ: NTNX), a leader in hybrid and multicloud computing, announced today that Fairway Independent Mortgage Corporation, the largest privately held mortgage company in the U.S., is implementing Nutanix to improve its virtual desktop infrastructure as well as simplify and automate infrastructure management to support the company’s goal of delivering best-in-class customer service.

To deliver on their goal, Fairway needed to provide employees with the fastest, best, and easiest-to-use applications which could often be a challenge with its old IT infrastructure. The small team of admins was often required to work weekends to keep up with the hands-on management and time-consuming upgrades. With more than 8,600 employees they knew they needed a new IT infrastructure that could support their growing workload and simplify operations.

“Nutanix makes it much easier to narrow down the source of any performance issues,” said Jarod Hallmark, VP of IT infrastructure at Fairway. “At Fairway, we don’t have the luxury of having a separate ops team that spends all day focusing on system and application performance. With the centralized management we get with Prism, our team can now spend their time creating new applications, not just monitoring existing ones.”

The company considered several technology options but selected Nutanix hyperconverged infrastructure to power its private cloud environment thanks to the management simplicity and one-click upgrades that would allow the company to do more with its existing IT staff. Fairway now has approximately 250 Nutanix nodes across three different sites supporting their VDI workloads, infrastructure and application development environments, MS Exchange, MS SQL, custom file servers, web servers, Active Directory, and DNS servers.

To further simplify and automate operations, the company also selected Prism operation’s tier (Pro), Nutanix’s IT infrastructure AIOps solution, as well as Calm, Nutanix’s automation solution. Prism enables them to perform automated optimization, proactive remediation, and operational automation, meaning the IT team can now spend only 10% of their time maintaining their infrastructure. Additionally, Nutanix Calm helps Fairway deliver new applications much faster and provision additional capacity quickly. Virtual machine deployment used to take an hour, but with Calm it now takes Fairway approximately 5-10 minutes thanks to native application orchestration, lifecycle management, and self-service operations.

“It is crucial that IT infrastructures help to enable organizations instead of hinder their potential. At Fairway Independent Mortgage Corporation, their environment could not support their growing needs and applications,” said Aaditya Sood, VP & GM of Calm, Nutanix. “Since implementing Nutanix, Fairway has benefited from faster application development and easier access to applications improving employee productivity and the customer experience.”

In the future, Fairway is looking at expanding the number of workloads that run on Nutanix.

About Nutanix

Nutanix is a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making computing invisible anywhere. Organizations around the world use Nutanix software to leverage a single platform to manage any app at any location at any scale for their private, hybrid and multi-cloud environments. Learn more at www.nutanix.com or follow us on Twitter @nutanix.

© 2020 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. All 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. 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 2020
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Financials (USD)
Sales 2021 1 292 M - -
Net income 2021 -919 M - -
Net cash 2021 120 M - -
P/E ratio 2021 -6,05x
Yield 2021 -
Capitalization 5 729 M 5 729 M -
EV / Sales 2021 4,34x
EV / Sales 2022 4,19x
Nbr of Employees 6 170
Free-Float 88,3%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 32,73 $
Last Close Price 27,80 $
Spread / Highest target 61,9%
Spread / Average Target 17,7%
Spread / Lowest Target -28,1%
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NameTitle
Dheeraj Pandey Chairman & Chief Executive Officer
David Sangster Chief Operating Officer
Duston M. Williams Chief Financial Officer
Rajiv Mirani Chief Technology Officer-Cloud Platforms
Wendy M. Pfeiffer Chief Information Officer
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