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Rajiv Ramaswami On Nutanix Stock, New Chairman And Driving Profitability

CEO Rajiv Ramaswami explains his stance on Nutanix’s stock, the company’s new chairman of the board, and how Nutanix’s total addressable market will balloon to $61 billion.

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Rajiv Ramaswami: Why Customers, Partners And Investors Should Be Bullish About Nutanix

Nutanix CEO Rajiv Ramaswami is thrilled about the future ahead with projections of massive sales growth, becoming cash flow positive in 2022 and the firm’s total addressable market (TAM) ballooning to $61 billion over the next few years.

With Nutanix’s stock up 62 percent over the past 12 months, Bain Capital injecting $750 million of funding into the company, and the global COVID-19 pandemic showcasing the critical importance of Nutanix’s technology, Ramaswami is focused on elevating the company to the next level.

“The combination of everything we’re doing will truly help us get to cash flow positivity by the end of calendar year 2022,” said Ramaswami in an interview with CRN.

Although Nutanix typically posts single to double-digit quarterly revenue growth, net losses have been recorded over the past several years due to its transformation into a subscription and SaaS company while completely leaving the IT hardware market. However, the San Jose, Calif.-based hyperconverged infrastructure and hybrid cloud superstar has shaken up its leadership team and positioned itself to become a global software leader in the new hybrid and multi-cloud world.

In an interview with CRN, Ramaswami talks about his stance on Nutanix’s stock, his company’s new chairman of the board, and how Nutanix’s TAM will increase from $39 billion in 2020 to $61 billion by 2025.

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