Nutanix mandates vaccinations for in-office workers, doesn't mandate going to offices

Finishes FY 2021 with a bang and starts to re-open


Hyperconverged upstart Nutanix has made vaccinations mandatory for staff attending its offices, but hasn't made coming to the office mandatory.

CEO Rajiv Ramaswami told The Register the policy was introduced as part of the company's phased return to working in offices, which commences this month in the USA. The policy will only be applied where it is legal to do so and won't be applied globally. In India, for example, Nutanix does not feel it is safe for staff to return to its offices.

"We are not forcing people into the office," the CEO said, but added that he feels "hybrid work" – blending office attendance and working in other locations – is a permanent feature of life at Nutanix.

It's already become a part of Ramaswami's working life; while most of his interactions are done over video, a CIO on the brink of signing up for a major Nutanix deal recently insisted on an in-person meeting.

"He wanted to meet face to face and look me in the eye," Ramaswami said. The two met at a café where they enjoyed a coffee and conversation at an outdoor table.

The deal was done – one of 700 new customers acquired in the company's fourth quarter of its fiscal 2021, which ended July 31.

Ramaswami rated it a "great quarter and fiscal year overall" as Q4 saw the company win $391m in revenue, up 19 per cent year-over-year. That's the business's fastest growth in the past three years, according to its latest financial results, which were released on Wednesday.

Full-year revenue hit $1.39bn, representing a seven per cent year-on-year growth. Over those past 12 months, it recorded a loss of $1bn, deeper than the year-before's $800m negative profit.

Customer retention rates remained above 90 per cent, an important metric as Nutanix prefers its customers to sign for subscription plans. Those plans mean annual recurring revenue for the year and quarter reached $879m.

For more analysis of Nutanix's results... Check out Timothy Prickett Morgan's take here over on The Next Platform, and Chris Mellor's here at Blocks & Files.

Ramaswami told The Register that Nutanix's business trajectory was not notably derailed by the COVID-19 pandemic, and that increasing numbers of deals include the new products – like multi-cloud management or database-as-a-service – that help the company grow by attaching its software-defined stack to critical business applications.

While the company's recently announced alliance with Red Hat is yet to bear fruit, Ramaswami said he expects it will further help Nutanix to attach itself to applications rather than just being a part of the infrastructure refreshes that are often necessary to support businesses' moves to deliver new and improved digital experiences. ®

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