Nutanix CEO: Cloud demand driven by push to go digital
03/01/2024 00:08
Cloud computing and software company Nutanix (NTNX) blew past its fiscal second-quarter earnings results, posting gains of $0.46 per share. Nutanix CEO Rajiv Ramaswami joins Yahoo Finance Live to discuss the company's guidance and avenues for growth. Demand is "it's more fundamentally driven by the fact that every company out there is going digital. And as they go digital, it's modern applications that they have to go build, and they need a model platform to run those applications," Ramaswami says. "And those applications and the data they need and consume and generate are everywhere... They're running it in their data centers... and even when you look at some of the most modern new things they're doing with generative AI, it's the same story." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Cloud computing and software company Nutanix (NTNX) blew past its fiscal second-quarter earnings results, posting gains of $0.46 per share. Nutanix CEO Rajiv Ramaswami joins Yahoo Finance Live to discuss the company's guidance and avenues for growth.
Demand is "it's more fundamentally driven by the fact that every company out there is going digital. And as they go digital, it's modern applications that they have to go build, and they need a model platform to run those applications," Ramaswami says. "And those applications and the data they need and consume and generate are everywhere... They're running it in their data centers... and even when you look at some of the most modern new things they're doing with generative AI, it's the same story."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.