Nutanix has made its first ever profit as its revenues grow 16 percent year-on-year in its ninth successive growth quarter. VMware and CIsco represent clear opportunities while its Gen AI strategy is still emerging.
Fifteen years after being founded and eight years after its IPO, hyperconverged infrastructure vendor Nutanix has reached business maturity. Revenues in its second fiscal 2024 quarter, ended Jan 31, were $565.2 million compared to the year-ago $486.5…