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Channel Beat: Nutanix's High IPO Price Pays Off As 'Unicorn' Begins Trading Shares

Meghan Ottolini

Hyper-converged unicornNutanixsaid it sold 14.87 million shares this week during its IPO, at a price of $16 a share.

Nutanix was expected to sell at a price of $13 to $15, and just 14 million shares.

The company beat expectations on both fronts, and is now valued at more than $2 billion.

Nutanix delayed its IPO in January due to unfavorable market conditions.

Googlerebranded its enterprise cloud business this week - that business will now be known simply as Google Cloud.

Google Cloud includes the stack of cloud services, in addition to Chrome, Android, and other services including advanced analytics and machine learning.

Google's popular collection of Apps will also get a name change, now going by G Suite.

Google also introduced a new version of Google's Big Query analytics platform designed specifically for the enterprise.

Revenue was up forAccentureon both its Q4 and overall 2016 fiscal year, the company reported this week.

Accenture reported $8.49 billion in revenue in Q4, up 8 percent from the same quarter last year.

Accenture's net revenue was up 6 percent year over year, thanks largely to growth in digital services, cloud services, and security services.

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