![nutani competitors nutani competitors](https://www.gartner.com/pi/vendorimages/scale-computing_hyperconverged-infrastructure_1586295327702.png)
Last quarter, 43% of its revenue went to R&D. Nutanix continues to spend aggressively on research and development. It also has a net promoter score of 90, indicating that its customers are overwhelmingly pleased with the product and recommend it to their peers. It's considered a leader in HCI by both GartnerĀ and Forrester. Nutanix's bona fides in hyperconverged infrastructure (HCI) - or the combination of storage, computing, and networking into one function - are hard to doubt. This topped the analyst consensus, which called for a per-share loss of $0.57.
![nutani competitors nutani competitors](https://i0.wp.com/hyperhci.com/wp-content/uploads/2019/07/hpe-dx-server-appliance-1.jpg)
As a result, its adjusted loss per share narrowed from $0.71 to $0.44. NEXT conference went virtual and it shifted marketing resources to digital channels. Furthermore, the company saved on sales expenses due to the pandemic, as its. Revenue slipped 0.4% to $312.8 million, beating the average analyst estimate of $299.2 million. Focusing on ACV should also drive faster new product adoption.
![nutani competitors nutani competitors](https://www.linuxadictos.com/wp-content/uploads/Vmware-nutanix.png)
Shifting to a focus on ACV rather than TCV means the company can be more efficient with its sales force, as contract renewals tend to have a lower sales cost than new customer contracts. Nutanix is shifting from a focus on total contract value (TCV) to annual contract value, causing revenue growth to decelerate, since the company typically isn't booking as long of a contract up front. However, revenue in the quarter was flat. Its ACV run rate rose 29% to $1.29 billion, showing momentum in the company's key metrics. Nutanix ( NTNX -1.11% ), the maker of cloud-based hyperconverged infrastructure software, delivered another solid earnings report last Monday.Ä«illings, measured on an annual contract value (ACV) basis, rose 10% to $137.8 million, outpacing the company's guidance.