1. Nutanix Reports Fourth Quarter and Fiscal 2020 Financial Results
Ending our fiscal 2020 on a high note with 39% YoY subscription billings growth, 59% YoY subscription revenue growth and 29% YoY run-rate ACV growth. Forging new paths in creating the next HCI: hybrid cloud infrastructure!
2. Nutanix Announces $750 Million Investment From Bain Capital Private Equity to Support Growth Initiatives.
$750 million in Convertible Senior Notes, Bain Capital Private Equity has deep technology investing experience and a strong track record of helping companies scale
The Notes will have an initial conversion price of $27.75 per share of the Company’s Class A Common Stock, subject to customary anti-dilution and other adjustments.
The Notes will mature on September 15, 2026, unless earlier repurchased, redeemed or converted.
Nutanix’s Board has authorized the repurchase of up to $125 million of its Class A common shares that are intended to offset the dilutive effect of any shares the Company may issue to settle the potential conversion of the Notes.
3. Nutanix Announces CEO Succession Plan
Dheeraj Pandey, Co-Founder and CEO, to Retire from Management Team After New CEO Appointed
Pandey Grew Company from Founding to $1.6B in Annual Billings in 10+ Years
www.nutanix.com/press-releases
Ending our fiscal 2020 on a high note with 39% YoY subscription billings growth, 59% YoY subscription revenue growth and 29% YoY run-rate ACV growth. Forging new paths in creating the next HCI: hybrid cloud infrastructure!
2. Nutanix Announces $750 Million Investment From Bain Capital Private Equity to Support Growth Initiatives.
$750 million in Convertible Senior Notes, Bain Capital Private Equity has deep technology investing experience and a strong track record of helping companies scale
The Notes will have an initial conversion price of $27.75 per share of the Company’s Class A Common Stock, subject to customary anti-dilution and other adjustments.
The Notes will mature on September 15, 2026, unless earlier repurchased, redeemed or converted.
Nutanix’s Board has authorized the repurchase of up to $125 million of its Class A common shares that are intended to offset the dilutive effect of any shares the Company may issue to settle the potential conversion of the Notes.
3. Nutanix Announces CEO Succession Plan
Dheeraj Pandey, Co-Founder and CEO, to Retire from Management Team After New CEO Appointed
Pandey Grew Company from Founding to $1.6B in Annual Billings in 10+ Years
www.nutanix.com/press-releases