Our subscription transition continues to be ahead of schedule with subscriptions growing from 52% of total billings in the fourth quarter of fiscal 2018 to 71% in the fourth quarter of fiscal 2019. Nutanix, Inc. announced financial results for its fourth quarter and fiscal year ended July 31, 2018. While steep losses continue as Nutanix aggressively pursues market share, a resumption of sales momentum more typical of Stock Advisor launched in February of 2002. The result is organizations that can rapidly deliver a high-performance IT environment on demand, giving application owners a true cloud-like experience. We intend to invest aggressively in all functions, particularly in engineering, as we continue to innovate in the years ahead.”Analysts and partners are also rapidly embracing web-scale converged infrastructure. Rapid Adoption of Nutanix Enterprise Cloud Operating System Drives Record Quarterly Revenue and Billings We have a strong set of tenured sales leaders in place and continue to lead the industry as an innovator with technology at the forefront of hybrid cloud transformation.CFO Duston Williams also commented on firming sales, with an emphasis on improvement across key metrics:We are pleased by our Q4 results, and that the actions we have taken to strengthen lead generation and enhance sales execution are generating positive results. Using your local website helps ensure you have the best experience. Build an enterprise cloud with hyperconverged compute, storage, virtualization, and networking at the core.Run apps and workloads on a single platform with unparalleled availability, performance, and simplicity.Effortlessly move apps and data between public, private, and edge clouds for a true hybrid cloud experience.Nutanix’s rapid growth is fueled in part by a tectonic shift impacting enterprise IT globally. The Dell-branded XC Series combines Nutanix software with Dell hardware and is scheduled for general availability in the fourth calendar quarter of this year.To support this rapid growth, Nutanix has also expanded its executive ranks. A week later Nutanix announced an agreement with Dell to build the XC Web-scale Converged Appliance. Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced preliminary total revenue, software and support (TCV)1 revenue, and TCV billings for the fiscal … “Nutanix delivers a fundamentally different approach to building enterprise datacenters, and we believe is forcing established vendors to rethink their strategy. – August 7, 2018 – Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced that it will report its financial results for the fiscal fourth quarter and fiscal year 2018, which ended July 31, 2018, after U.S. markets close on Thursday, August 30, 2018. I'm a CPA & CMA (Certified Management Accountant) & I tweet mostly about investing and literature. Nutanix Q3 FY'20 Earnings Infographic (Graphic: Business Wire) Q3 Fiscal 2020 Financial Highlights. Personal Finance
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