Nutanix, Inc. - SaaS Valuation Profile NTNX

Nutanix is an enterprise cloud computing company that provides a hybrid multicloud platform. Organizations use it to run applications and manage data across private clouds, public clouds, and edge locations. Dheeraj Pandey, Mohit Aron, and Ajeet Singh founded it in 2009 in San Jose, California. Nutanix pioneered hyperconverged infrastructure, which collapses compute, storage, networking, and virtualization into one software-defined solution. That eliminates the need for traditional SAN storage arrays.

The Nutanix Cloud Platform includes AOS (the storage fabric), AHV (a free built-in hypervisor), Prism (management interface), and cloud services for database-as-a-service, disaster recovery, security hardening, and cost governance. Nutanix Cloud Clusters extend the platform to run natively on AWS, Azure, and Google Cloud bare metal, enabling true hybrid cloud portability and unified management.

The company completed a strategic shift from hardware-bundled appliances to a pure software subscription model. Virtually all revenue now comes from term-based software subscriptions or SaaS. That transition improved gross margins and revenue predictability. Annual recurring revenue exceeds $2 billion. Software gross margins top 85%.

Over 25,000 customers use the platform globally, with a strong presence among Global 2000 enterprises across healthcare, financial services, government, retail, and manufacturing. Annual revenue is roughly $2.2 billion. About 7,000 employees work at the company. VMware (Broadcom), Microsoft (Azure Stack HCI), and HPE are the main competitors in enterprise cloud infrastructure.