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Trail Blazers' ‘antsy’ Donovan Clingan nearing returnThree of the world's top Professional Exhibition Organizations (PEOs) have announced office openings and operations in Saudi Arabia , with 12 new event launches commencing in 2025 The announcements have headlined the opening day of the International MICE Summit, which is convening 1,000 global event leaders from more than 70 countries to shape the industry's future RIYADH, Saudi Arabia , Dec. 15, 2024 /PRNewswire/ -- The inaugural International MICE Summit (IMS24) has delivered transformational change for the Meetings, Incentives, Conferences and Exhibitions (MICE) industry, with 19 pivotal announcements on an action-packed opening day, bringing new leading exhibitions to Saudi Arabia . Multi-billion and multi-million dollar global event companies such as RX Global, Messe Munich and Clarion announced new office openings in Saudi Arabia , to support the Kingdom's significant event growth plans over the coming decade. Twelve new marquee event launches were announced to bring events such as Money20/20 (Informa/Tahaluf), FIBO (RX Global), World Refining Technology Congress; Advanced Therapies Week; Fire Department and Emergency Services Conference (Clarion), FSB Sports Show and International Hardware Show (Koelnmesse/DMG), HOST (Fiera Milano), ArabLab (Terrapin), Saudi Muscle Show (Italian Exhibition Group) and World Industrial Materials and World Advanced Packaging, Printing & Plastics (KAOUN) to Saudi Arabia . "The first day of the International MICE Summit has been a tremendous success with three of the top 10 global Professional Event Organizers opening offices in Saudi Arabia , 12 new event launches, and multiple agreements signed to drive industry progress, reinforcing Saudi Arabia's status as the most exciting MICE hub globally," said His Excellency Fahd Al Rasheed, Chairman of the Summit's host the Saudi Conventions and Exhibitions General Authority (SCEGA). "Moreover, these announcements underscore the importance of the events and exhibitions industry as a catalyst for transformation, connecting people to opportunities in line with the goals of Vision 2030. IMS24 is driving investment opportunities and new partnerships across all sectors of the economy," HE Al Rasheed added. In addition to office and event launches, four MOUs were signed with the Ministry of Human Resources and Social Development, the Saudi Tourism Authority, the Events Investment Fund and the National Events Center. Speakers on Day One included HE Ahmed Al-Khateeb, Saudi Minister of Tourism, and former Prime Ministers and Ministers from the United Kingdom , Italy , Bulgaria , and Greece , leaders of the Global Association of the Exhibition Industry and International Congress and Convention Association, the Global Sustainable Tourism Council, and executives from Informa, RX Global, Messe Munich, Clarion Events, and Messe Desseldorf, and Richard Attias & Associates. IMS24 continues Monday, with a focus on catalyzing investment in the MICE sector, creating the event venues of the future, addressing global sustainability issues in the MICE industry. IMS24 has drawn over 1,000 global MICE industry leaders from more than 70 countries to Riyadh. About the International MICE Summit The International MICE Summit (IMS) gathers global leaders from the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector, as well as professionals, and organizations from across industries. It provides a platform for industry insights, networking, and discussions on advancing innovation, knowledge sharing and sustainable development within the global MICE sector. Founding Partner: Eye of Riyadh Supporting Partner: OAK View Group Founding Partner: Soudah Development Founding Partner: EIF Founding Partner: Qiddiya Hospitality Partner: Al Taanfethi Associate Partner: RA&A Strategic Partner: Informa/Tahaluf For more information or to register for the event, visit: Website – www.internationalmicesummit.com Twitter/X - https://x.com/ims_summit LinkedIn - https://www.linkedin.com/company/ims-summit/ YouTube - https://youtube.com/@ims.summit?si=G06nYTaOUWer-OKq For more pictures please click here. About the Saudi Conferences and Exhibitions General Authority (SCEGA) The Saudi Conventions & Exhibitions General Authority (SCEGA) is the official body overseeing the development and regulation of Saudi Arabia's exhibitions and conventions sector. Established by Royal Decree in 2018, SCEGA aims to strengthen the sector's economic impact by setting strategic policies, issuing licenses, promoting Saudi Arabia as a premier MICE destination, and fostering investment in line with global standards. Through collaboration with national and international stakeholders, SCEGA works to enhance sector growth, support talent development, and create opportunities for showcasing the Kingdom's unique identity on the world stage. Contact: [email protected] Photo - https://mma.prnewswire.com/media/2581573/International_MICE_Summit.jpg SOURCE International MICE Summit
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Global Video Management Software Market Size, Share and Forecast By Key Players- Milestone, Genetec, Qognify(NICE Systems), Verint, Axis 12-15-2024 06:07 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Market Research Intellect Video Management Software Market USA, New Jersey- According to the Market Research Intellect, the global Video Management Software market is projected to grow at a robust compound annual growth rate (CAGR) of 13.42% from 2024 to 2031. Starting with a valuation of 9.19 Billion in 2024, the market is expected to reach approximately 19.56 Billion by 2031, driven by factors such as Video Management Software and Video Management Software. This significant growth underscores the expanding demand for Video Management Software across various sectors. The Video Management Software (VMS) Market is witnessing substantial growth due to the rising adoption of surveillance systems across industries such as retail, transportation, healthcare, and government. The growing need for real-time monitoring, enhanced security, and video analytics is driving demand for advanced VMS solutions. Integration with technologies like artificial intelligence, machine learning, and cloud computing has further boosted the market by enabling features such as facial recognition, object detection, and predictive analytics. The increasing penetration of IP-based cameras and the proliferation of smart city projects globally have also contributed to the expansion of the VMS market. As businesses focus on optimizing operations and improving security measures, the adoption of flexible and scalable video management software solutions continues to grow, driving overall market momentum. The dynamics of the Video Management Software Market are shaped by technological advancements, evolving security needs, and industry-specific applications. AI and analytics integration into VMS solutions have transformed them into powerful tools for predictive insights and efficient video data management. Cloud-based deployment models are gaining popularity due to their scalability, remote access, and cost-effectiveness. However, challenges such as high initial investment costs, concerns over data privacy, and cybersecurity threats may impact market growth. The shift towards hybrid solutions that combine on-premises and cloud capabilities is addressing these concerns, offering flexibility and enhanced security. Additionally, increasing demand for customized VMS solutions tailored to specific industries, such as retail analytics or traffic monitoring, is driving innovation. As security and operational efficiency remain priorities, the VMS market is set to expand further. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.marketresearchintellect.com/download-sample/?rid=2006490&utm_source=OpenPr&utm_medium=042 Key Drivers: The growth of the Video Management Software market is driven by several key factors. Technological advancements in Video Management Software have enabled greater efficiency and enhanced capabilities, spurring adoption across industries. Additionally, the rising demand for sustainable and eco-friendly solutions is pushing companies to innovate and adopt greener practices. Expanding applications in sectors like Video Management Software and Video Management Software are further contributing to market demand, as these industries seek advanced solutions to streamline operations and enhance product quality. Favorable government policies and incentives in regions such as North America, Europe, and Asia-Pacific support investment and growth. Moreover, an increasing focus on Video Management Software for improving operational efficiency and cost-effectiveness is encouraging businesses to embrace new technologies, fostering sustained market expansion. Mergers and Acquisitions Mergers and acquisitions (M&A) play a pivotal role in the Video Management Software market, as companies look to expand their capabilities, access new technologies, and strengthen market presence. Leading players engage in strategic acquisitions to consolidate their position and gain a competitive edge. These transactions often facilitate the integration of advanced Video Management Software solutions, helping firms broaden their product portfolios and meet growing customer demands. Additionally, M&A activities support companies in achieving economies of scale and penetrating new regional markets, particularly in high-growth areas like Asia-Pacific. Through such strategic alliances, businesses aim to accelerate innovation, enhance operational efficiency, and address evolving market challenges, ultimately driving the overall growth of the Video Management Software market. Get a Discount On The Purchase Of This Report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=2006490&utm_source=OpenPr&utm_medium=042 The following Key Segments Are Covered in Our Report By Type Standard Level Professional Level Enterprise Level Cloud By Application Commercial Government Personal Major companies in Video Management Software Market are: Milestone, Genetec, Qognify(NICE Systems), Verint, Axis, Aimetis, OnSSI, Video Insight, AxxonSoft, Tyco Security, Cathexis, MindTree, Pelco, Salient, ISS, A&H Software, 3VR, IProNet, March, Hikvision, Dahua, KEDACOM, ZNV, SOBEYCLOUD, CDV Global Video Management Software Market -Regional Analysis North America: North America is expected to hold a significant share of the Video Management Software market due to advanced technological infrastructure and the presence of major market players. High demand across sectors like Video Management Software and Video Management Software is driving growth, with the U.S. being a key contributor. Additionally, ongoing investments in R&D and innovation reinforce the region's strong market position. Europe: Europe is projected to experience steady growth, driven by stringent regulatory standards and a rising focus on sustainability in Video Management Software practices. Countries like Germany, France, and the UK are leading due to their advanced industrial base and supportive government policies. The demand for eco-friendly and efficient Video Management Software solutions is expected to continue fostering market expansion. Asia-Pacific: Asia-Pacific is anticipated to be the fastest-growing region, fueled by rapid industrialization and urbanization. Countries such as China, India, and Japan are driving demand due to expanding consumer bases and increasing investments in infrastructure. The region's robust manufacturing sector and favorable economic policies further enhance growth opportunities in the Video Management Software market. Latin America: Latin America and the Middle East & Africa are expected to show moderate growth in the Video Management Software market. In Latin America, growth is supported by rising industrial activities in countries like Brazil and Mexico. Meanwhile, in the Middle East & Africa, infrastructure development and an increasing focus on innovation in sectors like Video Management Software are key drivers of market expansion. Middle East and Africa: The Middle East and Africa represent emerging markets in the global Video Management Software market, with countries like UAE, Saudi Arabia, South Africa, and Nigeria showing promising growth potential. Economic diversification efforts, urbanization, and a young population are driving demand for Video Management Software products and services in the region. Frequently Asked Questions (FAQ) 1. What is the current size of the Video Management Software market? Answer: The Video Management Software market was valued at approximately 9.19 Billion in 2024, with projections suggesting it will reach 19.56 Billion by 2031, growing at a CAGR of 13.42%. 2. What factors are driving the growth of the Video Management Software market? Answer: The market's expansion is attributed to several factors, including increased demand for Video Management Software, advancements in Video Management Software technology, and the adoption of Video Management Software across various sectors. 3. Which regions are expected to dominate the Video Management Software market? Answer: Regions such as North America, Europe, and Asia-Pacific are anticipated to lead due to the presence of major industry players and growing investments in Video Management Software. 4. Who are the key players in the Video Management Software market? Answer: Prominent companies in the Video Management Software market include Video Management Software, Video Management Software, and Video Management Software, each contributing to market growth through innovations and strategic partnerships. 5. What challenges does the Video Management Software market face? Answer: The market faces challenges such as Video Management Software, regulatory compliance, and competition from alternative solutions. However, ongoing advancements aim to address these issues. 6. What are the future trends in the Video Management Software market? Emerging trends include the integration of Video Management Software technology, sustainability practices, and digital transformation in processes, all expected to shape the market's future. 7. How can businesses benefit from the Video Management Software market? Answer: Businesses can leverage growth opportunities in the Video Management Software market by adopting new solutions, enhancing operational efficiency, and expanding their offerings to meet evolving consumer demands. 8. Why invest in a Video Management Software market report from MRI? Answer: MRI's report provides in-depth analysis, future projections, and key insights to support strategic decision-making, enabling businesses to stay competitive and capitalize on growth trends in the Video Management Software market. For More Information or Query, Visit @ https://www.marketresearchintellect.com/product/global-video-management-software-market-size-and-forecast/?utm_source=OpenPr&utm_medium=042 About Us: Market Research Intellect Market Research Intellect is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research. Our research spans a multitude of industries including Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverages, etc. Having serviced many Fortune 2000 organizations, we bring a rich and reliable experience that covers all kinds of research needs. For inquiries, Contact Us at: Mr. Edwyne Fernandes Market Research Intellect APAC: +61 485 860 968 EU: +44 788 886 6344 US: +1 743 222 5439 This release was published on openPR.Raghu Kulal of ‘Guruvandana Pottery Products’ at Aloor village near Kundapura in Udupi district making a pottery product using solar powered pottery wheel. | Photo Credit: RAVIPRASAD KAMILA Spinning a solar-powered pottery wheel to make a clay product at Aloor village near Kundapura in Udupi district, Raghu Kulal says, “Now I can make up to 70 clay vessels a day when compared to 20 vessels a day earlier when I was using a manually-operated wheel.” Not just the pottery wheel, the pug mill and the blunger at his ‘Guruvandana Pottery Products’ are also solar powered. The 3 kW capacity off-grid solar unit was set up by SELCO Solar Light Private Ltd. “Going in for a solar unit not only helped in increasing the output but also in making better quality products,” Mr. Kulal told The Hindu. Under the conventional method, the pottery business entrepreneur said, two persons took a day just to prepare about seven baskets of clay for making the products. “Now, the solar-powered pug mill and blunger do so in half an hour.” Mr. Kulal said that he went in for the solar unit nine years ago in 2015. “As a teenager, disgusted with the traditional pottery making profession of my father, I went to Belagavi to work in a hotel. I left the village thinking that the there was no dignity in the profession. I had to return following the death of my father. After availing training in pottery making, marketing and installing a solar unit which changed the phase of production, I realised that there was no fault in the profession but the fault was with me,” Mr. Kulal said. He said that The Concerned for Working Children (CWC) trained him with 14 others at Namma Bhoomi in Kundapura for six months. Mr. Kulal told The Hindu that with the solar unit in place, he and his family members can work at any time. His two sons, who are graduates, and among whom one is pursuing post-graduation, stay with and assist him in continuing the entrepreneurship. He said two persons who were working with him and trained by him have now set up independent solar-powered pottery workshops in the same village. They are Rajesh at Kalthodu and Chandrashekar at Halli. Terracotta products made by Raghu Kulal of ‘Guruvandana Pottery Products’ at Aloor village near Kundapura in Udupi district. | Photo Credit: RAVIPRASAD KAMILA Guruprakash Shetty, Deputy General Manager, SELCO Solar Light Pvt. Ltd., told The Hindu that the SELCO set up solar units at 29 pottery units in Karnataka since 2015-16. Their capacity varied from 1 kW to 3 kW depending on the need. In addition to the coastal belt, some of them are in Chickballapur, Tumakuru and Bengaluru areas with a major financial contribution from potters and some from SELCO. Numerous benefits “Technology intervention has not taken away the skills of pottery making. It has instead helped in saving a heritage profession from extinction. It helped in increasing efficiency, income and brought dignity to the profession. It also helped in preventing migration from rural areas,” Mr. Shetty said. Limitations of manual pottery wheels “A manual pottery wheel requires labour and involves a lot drudgery and time. The AC pottery wheel cannot deal with erratic power cuts in rural areas and its wheel size restricts the load capacity. Considering these challenges, SELCO intervened with an efficient solar-powered pottery wheel. The increase in productivity by DC wheel has brought a steady rise in daily income,” the DGM said. Shekar Shetty, Area Manager (Operations) of the company added, “The first step of pottery – mixing the clay and water with hands takes about four days of labour. A blunger easily mixes the clay without wasting the labour. SELCO solar powered this blunger and made the process much more efficient.” Pots made by Raghu Kulal of ‘Guruvandana Pottery Products’ at Aloor village near Kundapura in Udupi district. | Photo Credit: RAVIPRASAD KAMILA Published - December 15, 2024 11:15 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Karnataka / Mangalore / sherds and pottery / arts, culture and entertainment / solar / environmental issues / Belgaum / hotel and accommodation / Bangalore / technology (general) / heritage / labour / electricity production and distribution
In a statement accompanying the official announcement, director Yang Yu expressed his excitement and gratitude for the opportunity to continue the story of Nezha and bring his world to life on the big screen once again. He emphasized the importance of staying true to the spirit of the original legend while also bringing new elements and surprises to the narrative to keep audiences engaged and entertained.Delivers Outperformance Across All First Quarter Guided Metrics Reports 18% YoY ARR Growth and Strong Free Cash Flow SAN JOSE, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2024. “During our first quarter we delivered outperformance across our guided metrics,” said Rajiv Ramaswami, President and CEO of Nutanix. “We also continued to bring innovations to the market supporting our vision of becoming the leading platform for running apps and managing data, anywhere, while strengthening our partner ecosystem.” “Our first quarter results demonstrated a good balance of top and bottom line performance with 18% year-over-year ARR growth and strong free cash flow generation,” said Rukmini Sivaraman, CFO of Nutanix. “We remain focused on delivering sustainable, profitable growth.” First Quarter Fiscal 2025 Financial Summary Reconciliations between GAAP and non-GAAP financial measures and key performance measures, to the extent available, are provided in the tables of this press release. Recent Company Highlights Nutanix Expands Partnership with AWS: Nutanix announced an expanded strategic collaboration with Amazon Web Services, Inc. (AWS) that will offer access to AWS services for customers looking to migrate to NC2 on AWS. As part of the collaboration, customers will gain access to promotional credits from AWS to support customer migrations and proof-of-concept trials, as well as Nutanix licensing promotions. Nutanix is Named a Leader in 2024 Gartner® Magic QuadrantTM for Distributed Hybrid Infrastructure: Nutanix announced its recognition as a Leader in the 2024 Gartner® Magic QuadrantTM for Distributed Hybrid Infrastructure. Nutanix believes this recognition is due to the company’s vision and investments in the integration of edge, private and public clouds, as well as having a platform that supports both cloud native and traditional applications. Nutanix is Positioned Furthest in Vision Among All Vendors in 2024 Gartner® Magic QuadrantTM for File and Object Storage Platforms: Nutanix announced it is positioned furthest in Vision among all vendors in the 2024 Gartner® Magic QuadrantTM for File and Object Storage Platforms. Nutanix believes this recognition is due to the company’s strong vision for an enterprise storage platform that unifies unstructured data across edge, public and private clouds. Nutanix Extends AI Platform to Public Cloud : Nutanix announced that it extended the company's AI infrastructure platform with a new cloud native offering, Nutanix Enterprise AI (NAI), that can be deployed on any Kubernetes platform, at the edge, in core data centers and on public cloud services like AWS EKS, Azure AKS, and Google GKE. Second Quarter Fiscal 2025 Outlook Fiscal 2025 Outlook Supplementary materials to this press release, including our first quarter fiscal 2025 earnings presentation, can be found at https://ir.nutanix.com/financial/quarterly-results . Webcast and Conference Call Information Nutanix executives will discuss the Company’s first quarter fiscal 2025 financial results on a conference call today at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. Interested parties may access the conference call by registering at this link to receive dial in details and a unique PIN number. The conference call will also be webcast live on the Nutanix Investor Relations website at ir.nutanix.com . An archived replay of the webcast will be available on the Nutanix Investor Relations website at ir.nutanix.com shortly after the call. Footnotes 1 Annual Recurring Revenue , or ARR , for any given period, is defined as the sum of ACV for all subscription contracts in effect as of the end of a specific period. For the purposes of this calculation, we assume that the contract term begins on the date a contract is booked, unless the terms of such contract prevent us from fulfilling our obligations until a later period, and irrespective of the periods in which we would recognize revenue for such contract. Excludes all life-of-device contracts. ACV is defined as the total annualized value of a contract. The total annualized value for a contract is calculated by dividing the total value of the contract by the number of years in the term of such contract. Excludes amounts related to professional services and hardware. 2 Average Contract Duration represents the dollar-weighted term, calculated on a billings basis, across all subscription contracts, as well as our limited number of life-of-device contracts, using an assumed term of five years for life-of-device licenses, executed in the period. 3 Weighted average share count used in computing diluted non-GAAP net income per share. Non-GAAP Financial Measures and Other Key Performance Measures To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, this press release includes the following non-GAAP financial and other key performance measures: non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, free cash flow, Annual Recurring Revenue (or ARR), and Average Contract Duration. In computing non-GAAP financial measures, we exclude certain items such as stock-based compensation and the related income tax impact, costs associated with our acquisitions (such as amortization of acquired intangible assets, income tax-related impact, and other acquisition-related costs), restructuring charges, litigation settlement accruals and legal fees related to certain litigation matters, the amortization and conversion of the debt discount and issuance costs related to convertible senior notes, interest expense related to convertible senior notes, and other non-recurring transactions and the related tax impact. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, and non-GAAP operating margin are financial measures which we believe provide useful information to investors because they provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense that may not be indicative of our ongoing core business operating results. Free cash flow is a performance measure that we believe provides useful information to our management and investors about the amount of cash generated by the business after capital expenditures, and we define free cash flow as net cash provided by (used in) operating activities less purchases of property and equipment. ARR is a performance measure that we believe provides useful information to our management and investors as it allows us to better track the topline growth of our subscription business because it takes into account variability in term lengths. We use these non-GAAP financial and key performance measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. However, these non-GAAP financial and key performance measures have limitations as analytical tools and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, and free cash flow are not substitutes for gross margin, operating expenses, operating income (loss), operating margin, or net cash provided by (used in) operating activities, respectively. There is no GAAP measure that is comparable to ARR or Average Contract Duration, so we have not reconciled the ARR or Average Contract Duration data included in this press release to any GAAP measure. In addition, other companies, including companies in our industry, may calculate non-GAAP financial measures and key performance measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures and key performance measures as tools for comparison. We urge you to review the reconciliation of our non-GAAP financial measures and key performance measures to the most directly comparable GAAP financial measures included below in the tables captioned “Reconciliation of GAAP to Non-GAAP Profit Measures” and “Reconciliation of GAAP Net Cash Provided By Operating Activities to Non-GAAP Free Cash Flow,” and not to rely on any single financial measure to evaluate our business. This press release also includes the following forward-looking non-GAAP financial measures as part of our second quarter fiscal 2025 outlook and/or our fiscal 2025 outlook: non-GAAP operating margin and free cash flow. We are unable to reconcile these forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures without unreasonable efforts, as we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact the GAAP financial measures for these periods but would not impact the non-GAAP financial measures. Forward-Looking Statements This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding: our business momentum and prospects; our innovations supporting our vision of becoming the leading platform for running applications and managing data, anywhere; strengthening our partner ecosystem; our focus on delivering sustainable, profitable growth; our second quarter fiscal 2025 outlook; and our fiscal 2025 outlook. These forward-looking statements are not historical facts and instead are based on our current expectations, estimates, opinions, and beliefs. Consequently, you should not rely on these forward-looking statements. The accuracy of these forward-looking statements depends upon future events and involves risks, uncertainties, and other factors, including factors that may be beyond our control, that may cause these statements to be inaccurate and cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by such statements, including, among others: the inherent uncertainty or assumptions and estimates underlying our projections and guidance, which are necessarily speculative in nature; any failure to successfully implement or realize the full benefits of, or unexpected difficulties or delays in successfully implementing or realizing the full benefits of, our business plans, strategies, initiatives, vision, objectives, momentum, prospects and outlook; our ability to achieve, sustain and/or manage future growth effectively; the rapid evolution of the markets in which we compete, including the introduction, or acceleration of adoption of, competing solutions, including public cloud infrastructure; failure to timely and successfully meet our customer needs; delays in or lack of customer or market acceptance of our new solutions, products, services, product features or technology; macroeconomic or geopolitical uncertainty; our ability to attract, recruit, train, retain, and, where applicable, ramp to full productivity, qualified employees and key personnel; factors that could result in the significant fluctuation of our future quarterly operating results (including anticipated changes to our revenue and product mix, the timing and magnitude of orders, shipments and acceptance of our solutions in any given quarter, our ability to attract new and retain existing end-customers, changes in the pricing and availability of certain components of our solutions, and fluctuations in demand and competitive pricing pressures for our solutions); our ability to form new or maintain and strengthen existing strategic alliances and partnerships, as well as our ability to manage any changes thereto; our ability to make share repurchases; and other risks detailed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2024 filed with the U.S. Securities and Exchange Commission, or the SEC, on September 19, 2024. Additional information will be set forth in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024, which should be read in conjunction with this press release and the financial results included herein. Our SEC filings are available on the Investor Relations section of our website at ir.nutanix.com and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this press release and, except as required by law, we assume no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any of these forward-looking statements to reflect actual results or subsequent events or circumstances. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix. © 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Investor Contact: Richard Valera ir@nutanix.com Media Contact: Lia Bigano pr@nutanix.com _____________ (1) Includes the following stock-based compensation expense: (2) Includes the following amortization of intangible assets: _____________ (1) Included within other assets—non-current in the condensed consolidated balance sheets. Subscription revenue — Subscription revenue includes any performance obligation which has a defined term, and is generated from the sales of software entitlement and support subscriptions, subscription software licenses and cloud-based software-as-a-service, or SaaS, offerings. Ratable — We recognize revenue from software entitlement and support subscriptions and SaaS offerings ratably over the contractual service period, the substantial majority of which relate to software entitlement and support subscriptions. Upfront — Revenue from our subscription software licenses is generally recognized upfront upon transfer of control to the customer, which happens when we make the software available to the customer. Professional services revenue — We also sell professional services with our products. We recognize revenue related to professional services as they are performed. Other non-subscription product revenue — Other non-subscription product revenue includes $8.1 million and $1.9 million of non-portable software revenue for the three months ended October 31, 2023 and 2024, respectively, and $0.6 million and $1.1 million of hardware revenue for the three months ended October 31, 2023 and 2024, respectively. Non-portable software revenue — Non-portable software revenue includes sales of our platform when delivered on a configured-to-order appliance by us or one of our OEM partners. The software licenses associated with these sales are typically non-portable and can be used over the life of the appliance on which the software is delivered. Revenue from our non-portable software products is generally recognized upon transfer of control to the customer. Hardware revenue — In the infrequent transactions where the hardware appliance is purchased directly from Nutanix, we consider ourselves to be the principal in the transaction and we record revenue and costs of goods sold on a gross basis. We consider the amount allocated to hardware revenue to be equivalent to the cost of the hardware procured. Hardware revenue is generally recognized upon transfer of control to the customer. _____________ (1) Stock-based compensation expense (2) Amortization of intangible assets (3) Legal fees (4) Other (5) Amortization of debt issuance costs related to convertible senior notes (6) Income tax effect primarily related to stock-based compensation expense (7) Includes 22,273 potentially dilutive shares related to convertible senior notes and the issuance of shares under employee equity incentive plans _____________ (1) Stock-based compensation expense (2) Amortization of intangible assets (3) Legal fees (4) Amortization of debt discount and issuance costs and interest expense related to convertible senior notes (5) Other (6) Income tax effect primarily related to stock-based compensation expense (7) Includes 51,371 potentially dilutive shares related to convertible senior notes and the issuance of shares under employee equity incentive plansNone
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