Nutanix (NTNX) Closes Larges Order with DoD Worth More than $20M
- Wall Street ends sharply higher, fueled by Apple
- Here's Which Stocks Warren Buffett's Berkshire (BRK) Bought in Q1
- Walmart (WMT) Stock Drops 6% as Higher Costs Weigh on Profit, Analyst Says Results 'Disappointing'
- Home Depot (HD) Shares Rally 4% on Earnings Beat, Results Seen as Strong
- Bear Rally Now 'Imminent' Says BofA's Hartnett but Warns Ultimate Lows Yet to Be Reached
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
Nutanix, Inc. (NASDAQ:NTNX) announced it closed the largest deal in company history in Q4 of fiscal 2018, worth more than $20m with an agency in the U.S. Department of Defense. The customer will use Nutanix software to operate 15 remote sites running two different networks.
This customer selected the Nutanix Enterprise Cloud Platform software for its reliability and resiliency even at the edge after its previous solution was crippled by power losses and complex operations. These power losses resulted in IT teams spending harrowing hours coaxing the previous solutions back to life to avoid data loss, all at the detriment of operations near these sites.
According to IDC, “edge computing is growing increasingly important in IoT environments with intermittent access to connectivity, low tolerance for network latency, or high security requirements.”1 These remote sites require robust software platforms that can support specialized hardware and, more importantly, quickly and securely process data on-site, eliminating the challenges of transmitting vast amounts data back to a centralized cloud over unreliable network connections.
“Government agencies face enormous pressure to control costs, streamline IT infrastructure, and maintain application performance from basic IT functions to critical national security tasks,” said Chris Howard, Vice President, Public Sector Sales, Nutanix. “The simplicity, ease of use and overall great value of our software is why U.S. federal organizations have been such early and sustained adopters of our platform. We’re excited to continue to supporting their missions.”
This deal was one of five worth more than $1m in the U.S. federal vertical, and one of 46 worth more than $1m overall in Q4. These deals indicate increasing momentum among large customers as the company continues an aggressive and successful shift toward a software-defined business.
As government agencies increasingly shift attention toward modernizing IT infrastructure to take advantage of the cloud, approximately 350 have adopted the Nutanix Enterprise Cloud Platform software to reduce IT silos, cost and complexity within their infrastructure, creating an ideal foundation for the hybrid cloud. With native virtualization capabilities, application automation, centralized management, one-click upgrades, and government-grade security features, Nutanix can support any application at any scale.
For more information on our Q4 fiscal 2018 results, visit the IR section of our website. More information on our solutions for U.S. federal can be found here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- All American Pet Company, Inc. (AAPT) Issues Statement Regarding Caveat Emptor Designation
- Alpha Metallurgical Resources (AMR) Responds to Short-Seller Report
- Appian Corporation (APPN) refirms its previously provided guidance for the second quarter and full year
Create E-mail Alert Related CategoriesCorporate News
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!