By Joe Fay
Publication Date: 2026-04-10 19:02:00
The use of AI by Nutanix
is already contributing to the firm’s bottom line. However, it will be a little
longer before agentic AI really impacts the bottom lines of its customers, the
company’s chief executive officer, Rajiv Ramaswami, says.
The vendor unveiled
its Agentic AI platform strategy at GTC last month and followed up with further
features this week, including a multi-tenancy framework to help enterprises and
neoclouds squeeze more juice out of GPUs.
But it’s early days, and
we can assume the number of customers using Nutanix’s newly minted AI
technology in a meaningful way is likely to be in the dozens rather than the
thousands. In the meantime its focus on an upcoming Agentic AI era exists
alongside its longtime favorite pastime of poaching disgruntled VMware
customers.
Speaking to
journalists at its NEXT conference in Chicago, Ramaswami said that the firm had
held an investor day alongside the customer event, where it told Wall Street that
assuming some geopolitical stability, by fiscal 29, it would be able to “grow
our revenue and ARR mid to high teens with operating margin going up to the mid
to high 20s.”
A chunk of this is
likely to come from converting VMware customers, with Nutanix targeting around
165,000 of the Broadcom buy’s 300,000 strong base. Nutanix was snagging 500 to
1,000 customers every quarter, adding to its current 30,000, he said.
“We expect that
there’s still a lot of opportunity [with Broadcom], and it’s going…
