Updates Fourth Quarter and Full Year Fiscal
2022 Financial Outlook
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing,
today announced the appointment of Andrew Brinded as Chief Revenue
Officer, effective immediately. Brinded succeeds Dominick Delfino,
who has stepped down to pursue a new opportunity at another
technology company.
“During his five-year tenure at Nutanix, Andrew has demonstrated
deep technology sales acumen, a strategic mindset and strong
leadership capabilities,” said Rajiv Ramaswami, President and CEO
of Nutanix. “Andrew has a strong command of go-to-market strategies
and how to drive customer satisfaction. Coupled with his expertise
in developing innovative business strategies and identifying and
cultivating leaders, Andrew’s knowledge and experience will be
valuable assets to Nutanix as we enter our next phase of growth. We
are fortunate to have such a deep bench of talent and a truly
world-class sales organization, and we are confident that we will
continue to build on our momentum under Andrew’s leadership. We
thank Dom for his contributions to Nutanix, and we wish him the
best in the next phase of his career.”
“I could not be more fond of, and appreciative for, my time at
Nutanix since joining the Company in 2017. Nutanix is an
outstanding organization with exceptional people, and I’m honored
to become CRO,” said Brinded. “I feel fortunate to be supported by
such a talented team, and I am excited to hit the ground running. I
look forward to working closely with the leadership team as we
continue to focus on driving revenue growth and delivering for our
customers.”
Brinded joined Nutanix in 2017 and has served in a number of
senior sales roles, having most recently served as Senior Vice
President & Worldwide Sales Chief Operating Officer. Prior to
serving as SVP & Worldwide Sales Chief Operating Officer,
Brinded led the EMEA Business at Nutanix. Before joining Nutanix,
Brinded served as a Sales & Marketing Director at QiO and
previously as a Senior Sales Manager at EMC. Brinded also spent
over a decade at IBM, serving in a variety of business development
and sales roles.
Updating Fourth Quarter and Full Year Fiscal 2022 Financial
Outlook
Nutanix today is also updating its outlook for its fiscal fourth
quarter and full year fiscal 2022 issued on May 25, 2022. Revenue,
ACV billings and non-GAAP gross margin are expected to be at or
above the high end of the respective prior ranges and non-GAAP
operating expenses are expected to be in line with the prior
ranges.
About Nutanix
Nutanix is a global leader in cloud software and a pioneer in
hyperconverged infrastructure solutions, making clouds invisible,
freeing customers to focus on their business outcomes.
Organizations around the world use Nutanix software to leverage a
single platform to manage any app at any location for their hybrid
multicloud environments. Learn more at www.nutanix.com or follow us
on social media @nutanix.
© 2022 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix
logo, and all Nutanix product and service names mentioned herein
are registered trademarks or unregistered trademarks of Nutanix,
Inc. in the United States and other countries. Other brand names or
marks mentioned herein are for identification purposes only and may
be the trademarks of their respective holder(s). This release may
contain links to external websites that are not part of
Nutanix.com. Nutanix does not control these sites and disclaims all
responsibility for the content or accuracy of any external site.
Our decision to link to an external site should not be considered
an endorsement of any content on such a site. Certain information
contained in this press release may relate to or be based on
studies, publications, surveys and other data obtained from
third-party sources and our own internal estimates and research.
While we believe these third-party studies, publications, surveys
and other data are reliable as of the date of this press release,
they have not independently verified, and we make no representation
as to the adequacy, fairness, accuracy, or completeness of any
information obtained from third-party sources.
Forward-Looking Statements
This press release contains express and implied forward-looking
statements, including, but not limited to, statements relating to
(i) our expectations regarding our Chief Revenue Officer
transition, (ii) our expectations regarding continuing to build on
our momentum, and (iii) Nutanix’s update to its outlook for its
fiscal fourth quarter and full year fiscal 2022 issued on May 25,
2022, including expectations regarding revenue, ACV billings and
non-GAAP gross margin, and non-GAAP operating expenses. These
forward-looking statements are not historical facts and instead are
based on our current expectations, estimates, opinions, and
beliefs. Consequently, you should not rely on these forward-looking
statements. The accuracy of these forward-looking statements
depends upon future events and involves risks, uncertainties, and
other factors, including factors that may be beyond our control,
that may cause these statements to be inaccurate and cause our
actual results, performance or achievements to differ materially
and adversely from those anticipated or implied by such statements,
including, among others: failure to successfully implement or
realize the full benefits of, or unexpected difficulties or delays
in successfully implementing or realizing the full benefits of, our
business plans, strategies, initiatives, vision, and objectives;
our ability to achieve, sustain and/or manage future growth
effectively; delays or unexpected accelerations in our current and
future business model transitions; the rapid evolution of the
markets in which we compete, including the introduction, or
acceleration of adoption of, competing solutions, including public
cloud infrastructure; failure to timely and successfully meet our
customer needs; delays in or lack of customer or market acceptance
of our new solutions, products, services, product features or
technology; macroeconomic or geopolitical conditions; the timing,
breadth, and impact of the COVID-19 pandemic on our business,
operations, and financial results, as well as the impact on our
customers, partners, and end markets; factors that could result in
the significant fluctuation of our future quarterly operating
results, including, among other things, anticipated changes to our
revenue and product mix, including changes as a result of our
transition to a subscription-based business model, which will slow
revenue growth during such transition and make forecasting future
performance more difficult, the timing and magnitude of orders,
shipments and acceptance of our solutions in any given quarter, our
ability to attract new and retain existing end-customers, changes
in the pricing and availability of certain components of our
solutions, and fluctuations in demand and competitive pricing
pressures for our solutions; and other risks detailed in our Annual
Report on Form 10-K for the fiscal year ended July 31, 2021 filed
with the U.S. Securities and Exchange Commission, or the SEC, on
September 21, 2021, our Quarterly Report on Form 10-Q for the
fiscal quarter ended October 31, 2021 filed with the SEC on
December 2, 2021, our Quarterly Report on Form 10-Q for the fiscal
quarter ended January 31, 2022 filed with the SEC on March 10,
2022, and our Quarterly Report on Form 10-Q for the fiscal quarter
ended April 30, 2022 filed with the SEC on June 2, 2022. Our SEC
filings are available on the Investor Relations section of our
website at ir.nutanix.com and on the SEC's website at www.sec.gov.
These forward-looking statements speak only as of the date of this
press release and, except as required by law, we assume no
obligation, and expressly disclaim any obligation, to update, alter
or otherwise revise any of these forward-looking statements to
reflect actual results or subsequent events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20220801005467/en/
Investor Contact Rich Valera ir@nutanix.com
Media Contact Jennifer Massaro pr@nutanix.com
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