/Nutanix’s India business grows 42% in FY20, sees strong demand across verticals

Nutanix’s India business grows 42% in FY20, sees strong demand across verticals

NEW DELHI: Cloud software solutions provider Nutanix‘s India business clocked a 42 per cent growth in the fiscal year ended July 31, 2020, driven by strong demand across various verticals, a top company official said.

Nutanix Vice President and MD Sales (India and SAARC) Balakrishnan Anantharaman said the company is witnessing strong demand for cloud services in the country from across sectors, including banking, IT-enabled services and government.

“Our India business grew 42 per cent year-over-year in the fiscal ended July 2020. We have seen 34 per cent customer growth and 51 per cent growth in partner base in the same time period,” Anantharaman said.

The company, which follows August to July as its financial year, does not disclose country-specific revenue details.

He said Nutanix’s global revenue in FY20 was at USD 1.31 billion, up 6 per cent year-over-year from USD 1.24 billion in fiscal 2019.

In April, Nutanix had formed a partnership with IT services major Wipro for a joint solution to enable enterprises to efficiently manage their databases and optimising time and effort of IT teams.

Anantharaman said increasing demand for multi-cloud and hybrid cloud adoption, and database automation is fuelling the company’s growth in the country.

He added the pandemic has accelerated the pace of companies that are moving towards digitisation, and those that were already digital are looking at more services that can help their operations be more agile and efficient.

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Tech-Economic Times