Nutanix and EnterpriseDB have expanded their partnership to support PostgreSQL for transactional, analytical, and artificial intelligence workloads. The collaboration aims to combine the automation features of Nutanix’s database service with the high performance and security of EDB, in order to make PostgreSQL adoption easier in on-premises data centers and public clouds. This partnership was announced at the .NEXT Conference and focuses on integrating EDB capabilities with Nutanix infrastructure to provide a comprehensive solution for enterprise database management.
The goal of the collaboration is to offer customers a reliable and efficient PostgreSQL environment that is increasingly popular among developers for its extensibility and among IT teams for its performance and security. The CEOs of both companies highlighted the potential of PostgreSQL for future AI and data analytics applications. Benefits for joint Nutanix and EDB customers include simplified database provisioning, management, and migration processes, as well as multi-cloud infrastructure support.
The EDB on Nutanix Database Service is already available, promising end-to-end customer support and improved performance and reliability for PostgreSQL. This move aligns with the trend towards open source solutions in the business world. The partnership reflects a strategic step for both Nutanix and EDB in meeting the needs of modern enterprises and their complex data management requirements.
In terms of financial performance, Nutanix’s market capitalization remains strong at $17.63 billion, indicating market confidence in its business model and growth prospects. The company’s gross profit margin of 83.85% demonstrates its ability to retain profits compared to revenue, contributing to operational efficiency and reinvestment potential. Analysts are optimistic about Nutanix’s future, with 11 analysts revising earnings upward, indicating potential revenue growth and market expansion opportunities.
The partnership with EDB is expected to enhance PostgreSQL capabilities and drive further growth for Nutanix. Interested investors can explore InvestingPro’s insights into Nutanix’s financial health and make informed decisions by visiting their website. The collaboration between Nutanix and EDB is set to benefit customers and potentially boost Nutanix’s growth.
Article Source
https://uk.investing.com/news/company-news/nutanix-and-edb-enhance-postgresql-for-enterprise-apps-93CH-3508150