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Nutanix director Craig Conway won't stand for re-election; ex-President Tarkan Maner signs $37,500/month advisory deal
Craig Conway notified Nutanix on October 5, 2026 he will not stand for re-election to the Board at the 2026 annual meeting; he will serve until that meeting.
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Nutanix President & CCO Tarkan Maner steps down effective Oct 2, 2026
Tarkan Maner to step down as President and Chief Commercial Officer effective October 2, 2026.
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Nutanix Q4 FY26 revenue up 16% to $757M; ARR $2.55B, FCF $277.6M
Q4 revenue $757.1M, up 16% YoY; ARR $2.55B, up 16% YoY.
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Nutanix to cut ~5% of global workforce; expects $33M-$43M in pre-tax charges
Workforce reduction of approximately 5% to streamline organizational structure and improve operational efficiency.
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Nutanix Q3 FY2026: ARR $2.43B (+15% YoY), revenue $703M (+10%), beats guidance, raises FY outlook
ARR grew 15% YoY to $2.43B; revenue $703M (+10% YoY), exceeding guided high end.
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Nutanix closes $150M private placement of 4.14M shares to AMD at $36.26/shr
Sold 4,136,789 Class A common shares to AMD for aggregate cash proceeds of ~$150M.
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Nutanix boosts share repurchase authorization by $750M to ~$779M total
Board authorized $750M increase to existing buyback program, with ~$29M remaining, totaling ~$779M.
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Nutanix board adopts amended bylaws with changes to advance notice and indemnification provisions
Second Amended and Restated Bylaws adopted March 24, 2026, effective immediately.
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Nutanix reports Q2 FY2026 revenue beat, announces $150M AMD investment and AI partnership
Q2 revenue $722.8M (+10% YoY); GAAP operating income $84.1M, ARR $2.36B (+16%).
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Nutanix appoints Tarkan Maner as President and Chief Commercial Officer
Mr. Maner, 56, previously CCO since Nov 2019, adds oversight of sales, marketing, and customer experience.
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Nutanix launches $300M accelerated share repurchase with Bank of America
ASR agreement to repurchase $300M of common stock; funded with existing cash.
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Nutanix stockholders approve amended equity plan with fixed 19.5M share reserve
Stockholders approved a reduced, fixed share reserve of 19,500,000 shares, down from prior evergreen pool.
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Nutanix Q1 FY2026: ARR $2.28B (+18% YoY); revenue $670.6M (+13%); raises FCF guidance
ARR $2.28B (+18% YoY); revenue $670.6M (+13% YoY); operating cash flow $196.8M.
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Nutanix sets FY2026 executive compensation: no salary changes, equity grants issued
Base salaries unchanged for CEO Rajiv Ramaswami, CFO Rukmini Sivaraman, CLO Brian Martin.
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Nutanix appoints former Intel CTO Greg Lavender to board of directors
Appointment effective September 17, 2025; Lavender joins Security and Privacy Committee.
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Nutanix Q4 revenue up 19% to $653M; full-year non-GAAP operating margin 21.1%; adds $350M share buyback
Q4 revenue $653.3M (+19% YoY); FY revenue $2.54B (+18% YoY).
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Nutanix director Brian Stevens resigns; Eric Brandt joins board
Brian Stevens resigned as director effective June 16, 2025; no disagreement.
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Nutanix beats Q3 FY2025 guidance: ARR up 18% to $2.14B, revenue +22%
Revenue $639.0M (+22% YoY); GAAP operating income $48.6M vs loss of $11.6M a year ago.
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Nutanix appoints former Broadcom CFO Eric Brandt to board; David Humphrey resigns
Eric K. Brandt appointed to Nutanix board effective May 15, 2025.
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Nutanix board adopts annual advisory vote on executive compensation after shareholder approval
Shareholders approved non-binding proposal for annual say-on-pay votes at Dec 13, 2024 annual meeting.
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Nutanix Q2 FY2025: ARR $2.06B (+19% YoY), Revenue $654.7M (+16% YoY), beat guidance
ARR grew 19% YoY to $2.06B; average contract duration 3.0 years (vs 2.8 years YoY).
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Nutanix enters $500M senior secured revolving credit facility maturing 2030
Credit agreement dated Feb 12, 2025 provides $500M aggregate principal, including $25M letter-of-credit sublimit.
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Nutanix issues $862.5M 0.50% convertible notes due 2029; repurchases $75M of 2027 notes and $200M in stock
Net proceeds of ~$844.5M; used $95.5M to repurchase $75M of existing 2027 notes and $200M to buy back 3.1M shares at $64.78/share.
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Nutanix plans ~$500M revolving credit facility by Q1 2025 for general corporate purposes
Expects to enter into approximately $500 million revolving credit facility during the quarter ending March 31, 2025.
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Nutanix Q1 FY2025 revenue $591M (+16% YoY), ARR $1.97B (+18% YoY), GAAP operating income $27.3M vs loss year ago
ARR reached $1.97B (+18% YoY); average contract duration 3.1 years (vs 2.9 years).
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Nutanix sets FY2025 exec compensation; COO Sangster retires Oct 31
Rajiv Ramaswami base salary $800k, incentive 100% ($800k); RSUs 136,116 + PRSUs 136,116.
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Nutanix COO David Sangster to retire Oct 31; will advise through Dec 31
COO David Sangster retires effective Oct 31, 2024; served in role since March 2019.
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Nutanix Q4 ARR $1.91B (+22% YoY); first full year of positive GAAP operating income
Q4 revenue $548M (+11% YoY); ARR $1.91B (+22% YoY); ACV billings $338M (+21% YoY).
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Nutanix Q3 FY2024: ARR $1.82B (+24% YoY), revenue $524.6M (+17%), beats guidance
ARR grew 24% YoY to $1.82B; ACV billings up 20% to $288.9M.
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Nutanix Q2 FY24: Revenue $565M, ARR +26% YoY, first GAAP operating profit
ARR reached $1.74B, up 26% YoY; ACV billings $329.5M, up 23% YoY.
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Nutanix CLO Tyler Wall to retire; transition agreement includes $1.35M severance
Tyler Wall, Chief Legal Officer since 2017, will retire effective June 30, 2024.
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Nutanix grants CEO Rajiv Ramaswami performance-based RSUs with stock price and operational hurdles
Two tranches: 238,398 Stock Price PRSUs (target) and 327,083 Operational Metrics PRSUs (target).
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Nutanix stockholders approve officer exculpation charter amendment; directors elected
Charter amendment approved with 156.2M for, 18.3M against, 41.1M broker non-votes.
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Nutanix Q1 FY2024: ACV Billings +24% YoY to $287M; Non-GAAP OI $79.5M
ACV Billings $287.2M, up 24% YoY; ARR $1.66B, up 30% YoY.
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Nutanix approves FY2024 executive compensation; CFO salary raised to $475K
CFO Rukmini Sivaraman's base salary increased from $450,000 to $475,000; CEO, COO, CLO salaries unchanged.
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Nutanix Q4 ACV billings up 44% YoY, revenue up 28%; $350M buyback authorized
Q4 ACV billings $278.7M (+44% YoY); ARR $1.56B (+30% YoY).
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Nutanix appoints former Citrix CEO Mark Templeton to board of directors
Board expanded from 8 to 9; Mark Templeton appointed as Class I director effective July 24, 2023.
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Nutanix corrects Q3 earnings, discloses material weakness from software non-compliance, $11M estimated liability
Corrected $10.2M RSU tax withholding error; reduces Q3 operating expenses by $9.3M, cost of revenue by $0.9M.
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Nutanix Q3 FY2023 ACV Billings +17% YoY, completes audit probe, files Q2 10-Q
Q3 ACV Billings $239.8M (+17% YoY); ARR $1.47B (+32%); Revenue $448.6M (+11%).
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Nutanix receives Nasdaq deficiency notice for late Q1 FY2023 10-Q filing
Received Nasdaq letter on March 15, 2023 for failing to timely file Form 10-Q for quarter ended Jan 31, 2023.
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Nutanix reports Q2 ACV billings up 23% YoY, but delays 10-Q due to software license investigation
ACV Billings $267.6M (+23% YoY); ARR $1.38B (+32%); Revenue $486.5M (+18%).
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Nutanix shareholders approve charter amendments to declassify board and eliminate supermajority voting
Proposal to declassify Board of Directors approved with ~158.8M for, 215K against; annual elections now effective.
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Nutanix Q1 FY23: ACV billings +27% YoY, first positive non-GAAP operating income
ACV Billings $231.9M (+27% YoY), ARR $1.28B (+34% YoY), revenue $433.6M (+15% YoY).
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Nutanix board amends bylaws: majority vote for directors, adds forum selection
Directors will be elected by majority of votes cast in uncontested elections, plurality in contested.
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Nutanix to declassify board, adopt majority voting, remove supermajority provisions
Board will seek stockholder approval to declassify, moving to annual director elections by 2025.
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Nutanix Q4 ACV Billings up 10% YoY, reports positive free cash flow of $23.2M
Q4 ACV Billings $193.2M (+10% YoY); full-year $756.3M (+27%).
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Nutanix sets FY2023 compensation for CEO, CFO, COO, and CLO
CEO Rajiv Ramaswami: base salary $800,000, bonus target 100% ($800K), RSUs 275,302, PRSUs 275,302.
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Nutanix cuts ~4% of workforce; expects $20-25M charge in Q1 FY23
Approximately 270 employees (~4% of workforce) to be let go as part of cost-cutting drive.
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Nutanix appoints Andrew Brinded as CRO, updates FY2022 outlook upward
Andrew Brinded appointed CRO effective immediately, replacing Dominick Delfino who stepped down to pursue another opportunity.
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Nutanix CAO Aaron Boynton to resign effective Aug 1; CFO to assume duties
CAO Aaron Boynton resigns to pursue other opportunity, effective Aug 1, 2022.