{
  "id": 3609424,
  "title": "Nutanix tops estimates as external storage growth helps counter hardware squeeze",
  "url": "https://urgent.news/2026/08/26/nutanix-tops-estimates-as-external-storage-growth-helps-counter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T22:51:59.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/08/26/nutanix-tops-estimates-as-external-storage-growth-helps-counter-hardware-squeeze/"
  },
  "original_language": "en",
  "account": "Nutanix reported better-than-expected revenue and profit for its fiscal year, driven by a 16% increase in annual recurring revenue and higher adjusted earnings. The company's external storage offerings contributed significantly to this growth, as customers opted to maintain their existing infrastructure while adopting Nutanix software. Adjusted operating income surged to $198 million, with free cash flow reaching $277.6 million. CEO Rajiv Ramaswami highlighted the broad-based performance, noting strength in external storage, public-cloud offerings, and software solutions. Nutanix expects external storage support and NC2 (a public-cloud offering) to accelerate growth in fiscal 2027, offsetting the impact of rising hardware prices. The company also expects to lose more customers to VMware following Broadcom's acquisition but anticipates steady defections in the coming years. Nutanix plans to reinvest savings from workforce reductions into AI, cloud-native products, and sales capacity.",
  "summary": "Nutanix Inc. closed out its fiscal year with stronger-than-expected fourth-quarter revenue and profit as annual recurring revenue grew 16% and customers adopted more of the company’s external storage, public-cloud and portfolio offerings. Revenue for the quarter ended July 31 rose 16% from a year earlier, to $757.1 million, beating the $738.3 million consensus estimate. Adjusted […] The post…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}