Nutanix, Inc.

What does Nutanix do?

Nutanix sells cloud software that converges compute, storage, virtualization and networking into a single platform running applications and data across private datacenters and public clouds.

Who owns Nutanix?

Nutanix is a public company listed on the Nasdaq under ticker NTNX. Institutional and public shareholders own it; there is no controlling parent.

Did Nutanix invent hyperconverged infrastructure?

Nutanix is credited with shipping the first commercial hyperconverged infrastructure system in 2011 and naming the category, though similar ideas emerged in parallel across the industry.

How much revenue does Nutanix make?

Nutanix reported $2.54 billion in revenue for fiscal 2025 ended July 31, 2025, with $2.22 billion in annual recurring revenue.

Who is the CEO of Nutanix?

Rajiv Ramaswami has been president and CEO since December 2020. He was previously a top executive at VMware and Broadcom.

Is Nutanix a hardware company?

No. Nutanix started selling integrated appliances but completed a transition to software-only subscriptions. Its platform runs on qualified third-party servers and public cloud bare metal.

Dheeraj Pandey, Mohit Aron and Ajeet Singh founded Nutanix in San Jose in 2009. Aron had co-created Google's File System and the founders believed datacenter infrastructure should work like public cloud: pooled, software-defined and managed as one system. They called it invisible infrastructure.

Nutanix shipped its first hyperconverged product in 2011, converging compute and storage onto commodity servers and disrupting the separate server-storage-networking buying model dominated by EMC, NetApp and Cisco. The category grew fast enough that Dell, HP and VMware all launched competing products.

The company went public on the Nasdaq in September 2016 under ticker NTNX. Pandey's next act was a painful transition: shifting the business from appliance sales to pure software subscriptions compressed reported revenue for several years before the model stabilized.

Pandey left in late 2020 to found DevRev, and Rajiv Ramaswami took over as CEO. Under Ramaswami Nutanix doubled down on hybrid multicloud: running the same platform on-prem and on AWS, Azure and Google Cloud bare metal, adding Kubernetes and database services, and positioning the platform for AI workloads. Fiscal 2025 delivered record revenue and the company's strongest profitability to date.

The software transition was the defining strategic decision. Starting in 2017 the company deliberately shrank its own hardware margins, porting the platform onto partners' certified servers and converting licenses to subscriptions. Revenue appeared flat for two painful years while the mix shifted underneath, and investors punished the stock before the recurring revenue base emerged. By 2021 subscriptions exceeded 90 percent of revenue and the transition was effectively complete.

Nutanix publishes an annual impact report covering workforce, environmental and governance metrics. Its software-centric model has a modest direct footprint, and the company positions infrastructure consolidation as an efficiency and energy benefit for customer datacenters.

Nutanix appears regularly as a leader in Gartner Magic Quadrant evaluations for hyperconverged and container management, and its products hold top positions in peer review platforms for cloud infrastructure. The company has been recognized on employer lists in India and the US.

Nutanix faced criticism during its hardware-to-subscription transition when reported revenue declined year over year and the stock fell sharply in 2018 to 2019. Founder departures and executive turnover drew scrutiny in that period. No major regulatory actions are on record.

The customer count passed 29,000 in fiscal 2025, and large-deal momentum continues as VMware renewals come due across the installed base.