News & Insights
Blumberg Capital portfolio news, startup growth resources and industry insights
By Harsh Chauhan
Shares of Nutanix (NASDAQ:NTNX) have been flying high on the stock market this year. The cloud computing specialist is taking advantage of the booming demand for hyper-converged cloud infrastructure, a market that could be worth $12 billion in 2022 thanks to a rapid annual growth rate of 43%.
Nutanix is firmly on track to make the most of this opportunity, as clearly evident from its second-quarter results. Let’s look at how the company performed last quarter and why it probably isn’t done growing yet.