- Shares of Nutanix popped ~5% after reporting very strong fiscal second quarter results.
- The hyperconverged infrastructure vendor has successfully experimented with its go-to-market model and is seeing ACV jump as a result.
- Run-rate ACV is up ~28% y/y, reflecting the incredible progress Nutanix has made at becoming a bona fide subscription service.
- Improvements in gross margin also continue to validate that Nutanix is now a software story.
- The stock remains a bargain at ~4.5x forward revenues.
For further details see:
Nutanix: Achieving The Transformation We Need To See