Nutanix, a company specializing in hybrid multi-cloud computing, has announced a partnership with Dell Technologies to accelerate the digital transformation of their mutual customers. The collaboration aims to provide modernized infrastructure and application development support through new hybrid multi-cloud solutions. These solutions will integrate Dell’s server and storage capabilities with Nutanix software, offering businesses greater flexibility, simplified operations, and resilience.
The partnership includes plans for an integrated hyperconverged appliance that combines Nutanix Cloud Platform with a range of Dell PowerEdge servers to meet diverse application needs. Additionally, Nutanix Cloud Platform for Dell PowerFlex will be introduced, allowing businesses to scale compute and storage separately using Dell’s scalable storage alongside Nutanix software.
The expanded partnership encompasses engineering, sales, and service support, with the goal of providing Dell customers with broader access to the simplicity of the Nutanix Cloud Platform. The joint solutions are expected to be sold globally by Dell sales teams and partners. These solutions are currently in development and scheduled to be available in early access later this year.
Tarkan Maner, chief commercial officer at Nutanix, emphasized the benefits for joint customers, while Arthur Lewis, president of Dell Technologies Infrastructure Solutions Group, highlighted the commitment to offering customers choice and flexibility for a multi-cloud strategy with preferred solutions.
In addition to the partnership announcement, a closer look at Nutanix’s financial health and market performance provides insights for potential investors and interested parties. Nutanix’s market capitalization remains strong at $17.63 billion, showcasing the company’s significant presence in the industry. The company has seen impressive revenue growth of 18.12% in the trailing twelve months to Q2 2024 and boasts a gross profit margin of 83.85%, indicating efficient management and a strong competitive advantage.
Nutanix has delivered a remarkable return of 181.65% over the past year, reflecting investor confidence and market momentum. Analysts predict the company will be profitable this year, aligning with the company’s expectations in the partnership announcement. InvestingPro offers additional information on Nutanix’s financial metrics, liquidity position, debt level, and more, providing a comprehensive view of the company’s performance.
As the partnership with Dell Technologies progresses and joint solutions come to market, monitoring these financial metrics and expert analysis from InvestingPro could offer valuable guidance for investment decisions. Investors can use the coupon code “FORECASTS24” to receive an additional 10% discount on an annual or bi-annual Pro and Pro+ subscription for access to more in-depth analysis and insights.
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https://uk.investing.com/news/company-news/dell-and-nutanix-team-up-for-hybrid-multicloud-solutions-93CH-3508054
