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Nutanix, Inc. (NTNX) Q3 2021 Earnings Call Transcript

NTNX earnings call for the period ending April 30, 2021. ....

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Nutanix Lays Off 2.5 Percent Of Global Workforce

Nutanix Lays Off 2.5 Percent Of Global Workforce
‘Wherever possible, we tried to not impact quota-carrying reps but look at the non-quota-carrying reps in terms of this [reduction] process,’ says Nutanix CEO Rajiv Ramaswami.
By
Mark Haranas May 26, 2021, 07:02 PM EDT
Nutanix has reduced its global headcount of roughly 6,200 employees by 2.5 percent mostly in sales and marketing positions, CEO Rajiv Ramaswami said during the company’s third quarter earnings conference call on Wednesday.
“Efficiency is an important part of our path to profitability. We have increased our go-to-market productivity including more efficient digital marketing spend, increased leverage of our channel partners, and optimized headcount in geographies based on market opportunity. In connection with these efforts, we recently decreased our global headcount by 2.5 percent from within the sales and marketing functions as we continue to refine our ....

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Nutanix earnings preview: What you need watch for

Nutanix will report its third fiscal quarter 2021 financial earnings results on Wednesday, marking the first full quarter for its new CEO Rajiv Ramaswami.
The San Jose, Calif.-based hybrid cloud and hyperconverged infrastructure software star is continuing its vision to take Software-as-a-Service (SaaS) and subscription sales to record levels in the new remote workforce and emerging hybrid cloud world. Nutanix third fiscal quarter ran from Feb. 1, 2021 to April 30, 2021.
From Ramaswami’s former colleague taking over the reins at VMware to Zacks Consensus Estimate on Nutanix revenue, CRN breaks down five big things customers, investors and channel partners should know and watch for heading into Nutanix’s earnings report on May 26. ....

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3 Bright Spots in Nutanix's Q2 Earnings Report

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Share prices of
Nutanix (NASDAQ:NTNX) were fluctuating after its fiscal 2021 second-quarter earnings report was released last week.
The cloud-based hyperconvergence specialist continued to make progress in its shift to a subscription-based model and in its decision to focus on annual contract value (ACV) instead of total contract value (TCV). Highlights from the report include:
ACV billings rose 14% to $159.2 million, ahead of guidance for $145 million-$148 million. ....

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New Nutanix CEO hints at mid-year product bundle launch

New Nutanix CEO hints at mid-year product bundle launch
theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.

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