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Publication Date: 2026-10-28 04:27:00
Nutanix CEO Dheeraj Pandey said he wants to leave on a high note.
Hyper-converged infrastructure (HCI) vendor Nutanix Thursday said Pandey plans to retire from his CEO position. Citing a desire to spend more time with his family, reading and writing, Pandey said he will continue to lead the company until Nutanix finds his successor. Afterward, he will continue to serve as a member of the Nutanix board of directors. Nutanix’s board has started looking for a new CEO but has no timeline for when one will be chosen.
On the same day as Pandey’s retirement announcement, Nutanix held an earnings call to report its fourth quarter and fiscal year 2020 financial results, and revealed it was getting a $750 million investment from Bain Capital Private Equity. Nutanix revenue for the quarter of $327.9 million increased 9% from the previous year, and its GAAP net loss of $185.3 million decreased from $194.3 million of Q4 fiscal 2019. Overall revenue for the 2020 fiscal year was $1.31 billion — 6% higher than the previous year. However, GAAP net loss was $827.9 million, up from $621.2 million last year. Nutanix has never turned a profit, despite steady revenue growth.
Dheeraj Pandey
The earnings call heavily focused on Nutanix’s progress on its transition to a subscription-based revenue model. Pandey said transforming to subscription was important because it gave customers flexibility on how they wanted to consume the product…
