Nutanix, a player in the multi-cloud hybrid computing space, is experiencing rapid growth in India, surpassing its global projections for Annual Recurring Revenue (ARR) and cost effectiveness. CEO Rajiv Ramaswami shared in an interview that the company expects to grow its ARR by 20% by 2027 and increase cash flow generation to $700-900 million in the same timeframe. Ramaswami believes that India will exceed these growth rates.
Nutanix conducts a significant portion of its innovation in India and continues to hire talent for its operations in Bengaluru and Pune. With around 7,000 employees globally, a substantial number of developers are based in India. The company views India as one of its most successful markets, experiencing fast growth and adoption of hyperconverged infrastructure and cloud services.
The company’s clients in India are running modern applications, particularly Kubernetes applications, on Nutanix’s platform. Kubernetes, an open-source system for managing containerized applications, allows for seamless scalability across cloud providers without compromising functionality or performance.
While the adoption of AI is still in its early stages for most Indian customers, the country’s robust talent pool of software developers provides a competitive advantage. Indian companies are well-positioned to innovate and transform quickly with skilled software talent. Nutanix’s Chief Technology Officer, Manosiz Bhattacharyya, highlighted Indian banks as leaders in innovation, particularly in areas such as payments, data center infrastructure, and adoption of Kubernetes and cloud-native technologies.
Nutanix is committed to investing in India across various functions including engineering, product management, and marketing. The company recognizes the rapid digital adoption and transformation in the Indian banking and payments sector, making it a critical market for expansion. The ecosystem of services and applications required to support these digital initiatives is also growing, creating opportunities for Nutanix to provide solutions and support.
Nutanix views India as a key market in the Asia Pacific and Japan region, with significant growth potential across financial, retail, and telecommunications sectors. The company’s engineering team is heavily based in India, reflecting a shift towards more India-centric operations in recent years. Overall, Nutanix remains optimistic about its growth prospects in India and is committed to further investment and expansion in the region.
Additionally, Nutanix is currently participating in the .NEXT 2024 event in Barcelona, where the company is showcasing its latest offerings and technologies to attendees.
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https://economictimes.indiatimes.com/tech/technology/india-may-outpace-nutanixs-global-growth-metrics-ceo/articleshow/110406199.cms