After a Pause, Nutanix Signals IPO Plans Are Back on Track

By Arik Hesseldahl

Nutanix, a supplier of storage products for data centers, just updated its paperwork with the U.S. Securities and Exchange Commission, signaling that its plans for an initial public offering may no longer be on hold.

The new filing shows that Nutanix, based in San Jose, Calif., nearly doubled its revenue in the six-month period ended Jan. 31, to $190 million from $102 million in the year-ago period. It ran a net loss of nearly $72 million, which increased from $56 million a year ago. Operating expenses rose to $190 million from $112 million previously.

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