Nutanix, a company specializing in hybrid multi-cloud computing, has announced a partnership with Dell Technologies to accelerate digital transformation for their customers. The collaboration will provide modernized infrastructure and application development support, delivering new hybrid multi-cloud solutions that integrate Dell’s server and storage capabilities with Nutanix software.
The companies plan to introduce an integrated hyperconverged appliance that combines Nutanix Cloud Platform with Dell PowerEdge servers, catering to various application needs. Additionally, Nutanix Cloud Platform for Dell PowerFlex will allow businesses to scale compute and storage separately while using Dell’s scalable storage alongside Nutanix software.
The expanded partnership covers engineering, sales, and service support, aiming to provide 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. The benefits for customers include greater flexibility, simplified operations, and increased resilience.
Tarkan Maner, Chief Commercial Officer at Nutanix, emphasized the advantages 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. The joint solutions are currently in development and expected to be available for early access later in the year.
In terms of financial performance, Nutanix’s market capitalization is strong at $17.63 billion, indicating a significant presence in the industry. The company has experienced impressive revenue growth and maintains a high gross profit margin, showcasing efficient management and a competitive advantage. Stock performance has been notable, with a return of 181.65% over the past year, reflecting investor confidence and market momentum.
InvestingPro suggests that analysts predict Nutanix will be profitable this year, aligning with the company’s future expectations in the partnership announcement. For investors seeking additional insights, InvestingPro offers information on the company’s liquidity position, debt level, and other tips for a comprehensive view of Nutanix’s financial and market performance.
As the partnership with Dell Technologies progresses and joint solutions are released, monitoring these financial metrics and expert analysis from InvestingPro could provide valuable guidance for investment decisions. Interested readers can use the coupon code “FORECASTS24” to receive an additional 10% discount on an annual or bi-annual Pro and Pro+ subscription from InvestingPro.
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https://ca.investing.com/news/company-news/dell-and-nutanix-team-up-for-hybrid-multicloud-solutions-93CH-3420566
