Nutanix and EnterpriseDB have announced an expanded partnership to support PostgreSQL for transactional, analytical, and artificial intelligence applications. This collaboration aims to combine Nutanix’s automation features with EDB’s high performance and security to promote the adoption of PostgreSQL in on-premises data centers and public clouds. The integration of EDB capabilities with Nutanix infrastructure will offer customers a reliable and efficient PostgreSQL environment, catering to the increasing popularity of the database among developers and IT teams.
Tarkan Maner, chief commercial officer at Nutanix, believes that this collaboration will enhance developer productivity using PostgreSQL and support enterprise applications in demanding environments. Kevin Dallas, CEO of EDB, emphasized the potential of PostgreSQL for future AI and data analytics applications, suggesting that the partnership could lead to a comprehensive data ecosystem. Joint Nutanix and EDB customers can benefit from simplified database provisioning, management, and migration processes, as well as multi-cloud infrastructure support, improving database operations and application time-to-market.
The EDB on Nutanix Database Service is now available, promising end-to-end customer support, improved performance, and reliability for PostgreSQL. This move aligns with the growing trend towards open source solutions in business to enhance agility and innovation. The partnership between Nutanix and EDB addresses the complex data management requirements of modern enterprises, reflecting a strategic step for both companies to cater to the evolving needs of customers.
In terms of financial insights, Nutanix’s market capitalization remains strong at $17.63 billion, indicating market confidence in its business model and growth prospects. With a gross profit margin of 83.85% for the trailing twelve months, Nutanix demonstrates the ability to retain profits efficiently, crucial for operational efficiency and reinvestment in strategic initiatives like the partnership with EDB. Analysts are optimistic about Nutanix’s future, with potential revenue growth and market expansion opportunities unlocked by the collaboration with EDB. Nutanix’s stock performance has been strong, with a 1-year total price return of 181.65%, reflecting investor enthusiasm linked to strategic moves and market positioning.
InvestingPro offers additional advice and insights for those considering investing in Nutanix, providing deeper analysis of the company’s financial health, liquidity, debt levels, and profitability projections. The partnership with EDB is set to enhance PostgreSQL capabilities, enhancing customer satisfaction and potentially driving further growth for Nutanix. Overall, the collaboration between Nutanix and EDB is poised to deliver significant benefits for customers and create opportunities for both companies in the evolving hybrid multi-cloud computing landscape.
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https://au.investing.com/news/company-news/nutanix-and-edb-enhance-postgresql-for-enterprise-apps-93CH-3266411
