Nutanix’s Q3 revenue and ARR growth beat expectations, driving a positive 4.9% stock reaction as bookings and new customer adds remained strong, supported by momentum in hybrid cloud and AI offerings.
- Reported revenue of $703 million exceeded guidance with 15% year-over-year ARR growth to $2.43 billion.
- Added over 700 new logos in the quarter, reflecting solid demand for hybrid multi-cloud and AI solutions.
- Supply chain challenges persist, causing higher server prices and longer lead times, but customer choice options help mitigate impact.
- Strong uptake of Nutanix Cloud Clusters (NC2) public cloud deployment option, with notable wins in financial services and outsourcing sectors.
- Continued progress supporting external storage platforms, including partnerships with NetApp and Lenovo expected later this year.
Community Discussion