BARCELONA, Spain - Nutanix (NASDAQ: NASDAQ:NTNX), a company specializing in hybrid multicloud computing, has announced a partnership with Dell Technologies (NYSE:DELL). This collaboration is designed to expedite the digital transformation of their mutual customers by providing modernized infrastructure and application development support. The partnership will offer new hybrid multicloud solutions that integrate Dell’s server and storage capabilities with Nutanix software.
The companies have revealed plans for an integrated hyperconverged appliance that combines Nutanix Cloud Platform with a range of Dell PowerEdge servers, catering to diverse application needs. Moreover, Nutanix Cloud Platform for Dell PowerFlex will be introduced, allowing enterprises to scale compute and storage separately while utilizing Dell’s linearly scalable storage alongside Nutanix software.
This extended partnership encompasses engineering, sales, and service support, aiming to provide Dell customers with broader access to Nutanix Cloud Platform's simplicity. The solutions are expected to be sold globally by Dell's sales teams and partners.
Tarkan Maner, Chief Commercial Officer at Nutanix, highlighted the benefits for joint customers, including increased flexibility, simplified operations, and enhanced resilience. Arthur Lewis, president of Dell Technologies’ Infrastructure Solutions Group, emphasized the commitment to offering customers the choice and flexibility needed for a multicloud strategy with their preferred solutions.
The joint solutions are currently in development and are slated for early access availability later this year. Nutanix, known for pioneering hyperconverged infrastructure, continues to be a trusted provider for organizations managing apps and data across multiple cloud environments.
This news is based on a press release statement and reflects the companies' forward-looking expectations. The actual outcomes may vary, and the release of new joint solutions will depend on further development.
InvestingPro Insights
In light of Nutanix's (NASDAQ: NTNX) recent partnership announcement with Dell Technologies, a closer look at the company's financial health and market performance provides additional context for potential investors and stakeholders. Nutanix's market capitalization stands robust at $17.63 billion, showcasing the company's significant presence in the industry.
Furthermore, the company has witnessed an impressive revenue growth, with an 18.12% increase over the last twelve months as of Q2 2024. This growth is complemented by a substantial gross profit margin of 83.85%, indicating efficient management and a strong competitive edge in its sector.
Regarding stock performance, Nutanix has provided a remarkable return of 181.65% over the past year, reflecting investor confidence and market momentum. This is further supported by an InvestingPro Tip indicating that analysts are predicting the company will be profitable this year, which aligns with the company's forward-looking expectations in their recent partnership announcement.
For those interested in deeper analysis, InvestingPro offers additional insights such as the company's liquidity position, with liquid assets surpassing short-term obligations, and the level of debt, which is described as moderate. It is worth noting that there are 14 more InvestingPro Tips available, providing a comprehensive view of Nutanix's financial and market performance. For investors looking to leverage these insights, InvestingPro invites readers to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
As the partnership with Dell Technologies unfolds and the joint solutions make their way to the market, keeping an eye on these financial metrics and expert analyses from InvestingPro could offer valuable guidance for investment decisions.
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