Nutanix is growing annual contract value billing - the metric that shows how much a customer contract is worth by averaging and normalizing its value over one year – by 33% this past quarter, the highest growth rate in over two and a half years.increase year over year. And the goal is to achieve sustainable free cash flow by the end of calendar 2022 and operating income positive with two quarters after that.
That vision has now morphed to “making clouds invisible." Rajiv noted,"We see the same opportunity in the cloud. And that's a natural extension of what we already do. We're essentially building a hybrid multi-cloud platform while providing flexibility and choice at every layer of the stack." Today, the big bet for Nutanix is around database as a service . The idea is a service that enables customers to set up, operate and scale databases without the need for setting up physical hardware, installing software, or configuring for performance. All of the administrative tasks and maintenance are taken care of by the service provider so that all the user or application owner needs to do is use and access the database.
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