Nutanix Earnings Preview: 5 Huge Things To Watch For
From its recent product portfolio refresh and Nutanix Clusters on Azure to net income losses, here are five important things to watch for during Nutanix’s second-quarter financial earnings report Wednesday.
Nutanix’s Second-Quarter Financial Earnings Wednesday
Fresh off a major product portfolio refresh, Nutanix is set to release its second-quarter 2022 financial earnings Wednesday, with expectations to reach upward of $410 million in revenue.
The San Jose, Calif.-based hyperconverged infrastructure software superstar is looking to become a dominant player in the hybrid cloud software space, with an upcoming release of Nutanix Clusters on Microsoft Azure hopefully being discussed during its upcoming earnings call with media and analysts.
Many questions remain about the future of the company as it strives to make a profit and become free-cash-flow break even by the second half of 2022.
In addition, Nutanix simplified its entire product portfolio last month from 15 products and brands into just five new offerings, while also enabling core-based pricing and metering.
“Many customers have gone to the public cloud and then they’ve realized, ‘Whoa, my cost is really getting out of control.’ And this is why multi-cloud, on-prem and hybrid cloud have really become such a huge use case and very attractive to them,” said Christian Alvarez, Nutanix’s senior vice president of worldwide channel sales, in a recent interview with CRN. “So by going towards a core-metered offering, from a billing and cost perspective, it really gives the customer more control of their investments.”
Nutanix’s second-quarter fiscal year 2022 financial earnings report is set to take place at 4:30 p.m. ET.
CRN breaks down five key areas to watch for in Nutanix’s earnings report.