The Information: Nutanix CEO turned down acquisition offers from Cisco, HP

Sep. 28, 2017 2:12 PM ETNutanix, Inc. (NTNX)NTNXBy: Brandy Betz, SA News Editor42 Comments
  • Nutanix (NASDAQ:NTNX) CEO Dheeraj Pandey tells The Information that turned down acquisition offers from Hewlett-Packard and Cisco Systems before his company’s IPO last year.
  • Pandey on turning down the offers: “I think the fact that we had happy customers, a great Net Promoter score, and good growth was telling us that the best was ahead. We thought, 'Why not try to build a larger company?’”
  • In its first full-year report, Nutanix reported $767M in revenue, up 72% on the year, but net losses increased 171% to $458M.
  • Nutanix shares are down 4.13%.  

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