Nutanix's valuation surges as shift to recurring revenue continues

Nima Green
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Nutanix's valuation surges as shift to recurring revenue continues

The hyper-converged giant said that its transformation to a sole subscription billing model has both helped sales and taken a chunk out of profits

Nutanix has seen its shares jump 15 per cent in after-hours trading, after it reported better than expected earnings for its Q1 on Monday. Sales for the US hyper-converged infrastructure vendor were...

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