Nutanix reports significant revenue growth

nutanixHyper-converged infrastructure technology outfit Nutanix on Thursday reported significant revenue growth.

Nutanix reported GAAP loss for the quarter of $112.0 million on revenue of $191.8 million for its third fiscal quarter of 2017, which ended April 30. The company reported a GAAP loss of $46.8 million, or 39 cents a share, on revenues of $114.7 million during the year-ago quarter.

On a non-GAAP basis, Nutanix lost $60.8 million in the quarter, or 42 cents per share, compared to last year’s loss of $40.4 million, or 33 cents per share, last year.

Nutanix picked up 790 new customers in the quarter, bringing its total customer count to 6,172 businesses, the company said. New customers were most focused on the Nutanix architecture for running enterprise application, virtual desktop infrastructure, and server virtualization or private cloud workloads, it said.

Based on a rolling four-quarter average, about 23 percent of Nutanix customers have adopted the company’s AHV hypervisor, formerly known as Acropolis.

CEO Dheeraj Pandey said the company expanded its total addressable market thanks to making its hyper-converged infrastructure software stack available on an ever-wider range of hardware platforms, said:

“We continue to execute on our strategy of building a cloud operating system that provides our customers maximum choice of hardware platforms. We recently established a partnership with IBM to bring to market the industry‚Äôs first hyper-converged solution on Power Systems, and introduced support for HPE ProLiant and Cisco UCS blade servers. Our third quarter results reflect our continued focus on the Global 2000 as well as a measurable improvement in the number of larger deals in the quarter,” Pandey said.