- Shares of Nutanix have fallen ~20% since their August peaks, a reflection of investor uncertainty over the direction of the business.
- Optically, Nutanix's growth rates have slowed down dramatically as the company continues its shift toward a subscription business.
- It has made wholesale changes to its sales compensation structure that is impacted to negatively impact billings and cash flow in the near term, but will drive future growth.
- To finance this business model shift, Nutanix has attracted a $750 million convertible debt investment from Bain Capital.
- Nutanix's founder and CEO, Dheeraj Pandey, has also announced his retirement. A new CEO is yet to be named.
For further details see:
Nutanix: Investing In Its Future