Acquire the skills to make your data protection strategy successful with the Veritas NetBackup 10.0: Advanced Administration course. You will learn advanced NetBackup topics, including NetBackup performance, security, disaster recovery, application, and database protection on physical and virtual machines, and protecting data backed up to and from the cloud. This course also covers using NetBackup to manage Oracle, Microsoft Exchange, Microsoft SQL, Microsoft SharePoint, Cassandra, and Hadoop backups and restores along with other modern workloads like containerized applications, and Nutanix Acropolis Hypervisor. NetBackup APIs, Parallel Streaming Framework, Universal Shares, Bare Metal Restore, and NetBackup MSDP Cloud are also discussed in this course.
Date: Friday, June 24 at 11 a.m. PT / 2 p.m. ET
Ransomware is today’s number one threat affecting businesses of all sizes. During this session you’ll learn and understand about:
Here is the AGENDA for the summit:
9 a.m. PT / 12 noon ET
Hybrid Cloud Security: Infrastructure Do's, Don'ts and Gotchas
10 a.m. PT / 1 p.m. ET
Top Best Practices for Securing and Recovering Enterprise Hybrid Clouds
11 a.m. PT / 2 p.m. ET
Best Practices to Understand and Fight Ransomware with Nutanix
Veritas and Nutanix enable data protection with operational simplicity for enterprise cloud customers. With Veritas NetBackup and Nutanix AHV integration, organizations can rapidly deploy a single, web-based, scalable solution with reduced risk and consistently meet service level agreements (SLAs).
It’s not as if Serbia has a great image in the world, even when people recognize it by its name and don’t confuse it with Syria or Siberia. Although not crucial, based on my professional experience, the branding of a country is an important factor affecting the success of the country’s scientists and designers.
In Serbia, young people are going for it, but the ruling party also declaratively supports the one thing that grows best in this small country in the southeast of Europe. For years, it seemed to be a matter of speculation whether it was the raspberries or the wheat of Vojvodina. However, the economic data is undoubtedly pointing to, well, data -- or the information and communications technology industry in general -- as one of the most promising Serbian products for economic growth.
Serbia’s government has obviously realized this and has started making efforts to improve the legal and financial framework for doing business in the country. A clear approach to that strategy -- as well as its results -- is still questionable, keeping in mind that the country is still coping with basic infrastructural challenges, and leading Serbian intellectuals are protesting more and more against the government’s populist policy.
Nevertheless, if we put aside daily politics and the power play between the government and the opposition, I believe Serbia could be seen as the country of innovation and creativity. And it’s a country that I believe others of its size can learn from.
As someone who leads the communications in 24 Central and Eastern European and Eurasian markets for Microsoft, one of the biggest IT companies in the world, I’m comfortable with the prediction that digital transformation will advance these emerging economies forward. It will fundamentally change lives there and inspire increased creativity, helping them to achieve more.
For tech innovation to catch on, there must be motivated drivers.
In the hardest of times and the worst social and economic conditions, I believe it is pure ideas that bring the best results. It was an idea that led motivated individuals, aiming to grow a community of like-minded people and educate and promote modern fields such as data science, to get the best professionals in the country and organize a data scientists gathering.
Expectations may not have been significantly high, but the first Data Science Conference was organized in 2015 in the capital of Serbia. Year after year, I’ve watched this conference grow in attendance and international scope, with featured lecturers from Microsoft, as well as TomTom, IBM Research, BMW Group, Goldman Sachs and other notable international companies. This enthusiastic movement is now a notable event for discussing machine learning, big data and analytics.
This is how a small group of people made a huge step in promoting and popularizing data science. And it is reflected by the high-quality engineering crew that now grows in Serbia, since Nordeus, Schneider Electric, Nutanix, Microsoft and other IT companies have important development centers right in the southeast corner of Europe.
(Full disclosure: Microsoft collaborates with TomTom, BMW Group, Schneider Electric and Nutanix on various services and technology innovation projects, many of which are publicly well-known.)
Emerging countries of this era likely realize that one big idea isn’t enough anymore and that creativity isn’t reserved for a certain few. Today, we’re witnessing micro-revolutions every 12 to 18 months in different parts of the world, and in different growing innovation centers. I can safely say that Central and Eastern Europe and Eurasia are moving in the right direction in digitization efforts and have a set of strong supporters and allies.
Challenges with nationwide understanding must be addressed for long-term success in the field.
Despite progress, Serbia continues to deal with a discrepancy in the fact that many companies still don’t know how to use the massive data they deal with. Based on what I have seen, companies often employ people with strong academic backgrounds, like those with doctorate degrees in the technical sciences, and put them directly into management positions, unprepared and without the necessary experience. Others hire juniors with highly unrealistic expectations, often expecting a ready-to-deploy project to be produced.
In order to achieve competitiveness, Serbia -- among other countries with developing tech industries -- must create a skills-based labor market and meet the modern economy requirements by connecting employees with domestic or international potential employers.
Overall, I believe the current course is positive, and small Serbia is pulsating in the rhythm of the big data trends. In the capital city of Belgrade and the smaller city of Novi Sad, there are companies developing autonomous car technologies, early cancer detection and special effects for Hollywood blockbuster movies. Other large IT and big data companies -- including Microsoft -- have outsourced their development resources to the area.
The last decade in Serbia has been marked by pretty high unemployment rates -- 11.9% in mid-2018, according to the CEIC, and exceeding 20% in 2014. But based on my observations, there have always been open job positions for programmers, with a noticeable rise in demand for data scientists.
Data scientists and programmers have the opportunity to live and work in the comfort of easy-going Southeast Europe, although one could say the state of the country’s infrastructure is on the edge of survival compared to the rest of the continent. Maybe it is not comparable to the U.S., U.K. and German data science scenes, but right now is an exciting time to be in Serbia.
Undoubtedly, this region in Europe has great potential based on human creativity and innovative spirit. When we combine that with the advanced technologies and growing digitization, I believe these countries could easily be seen as the digital hubs of the future.
Growing businesses, especially those with smaller IT teams and lower budgets, struggle with implementing new solutions and delivering enterprise-level services. Further, legacy IT infrastructure, composed of separate silos of compute, storage, networking and virtualization resources, creates IT complexity, increases costs, reduces business speed and elevates risk. To address these challenges, Nutanix and Citrix have partnered to create Nutanix InstantOn for Citrix Cloud, a tightly integrated hybrid cloud solution.
Read this Solution Brief to learn about technology that simplifies and accelerates virtual application and desktop (VDI) deployments by providing:
The IT solutions provider’s email and website knocked out of action for a while, but says customers are safe.
SHI International, a major provider of IT products and services around the world, confirmed on Wednesday that it a suffered a major malware attack that apparently caused various disruptions over the Fourth of July holiday weekend.
In a blog post and in a message splashed across the front page of its website, the Somerset, N.J.-based SHI said it was the target of a “coordinated and professional malware attack” during the long weekend.
“Thanks to the quick reactions of the security and IT teams at SHI, the incident was swiftly identified and measures were enacted to minimize the impact on SHI’s systems and operations,” the company said in its message.
[RELATED: SHI International Malware Attack: 5 Big Things To Know]
“These preventative measures included taking some systems, including SHI’s public websites and email, offline while the attack was investigated and the integrity of those systems was assessed. As of this morning (July 6th), SHI staff now have access to email again and the IT teams at SHI continue to work on bringing other systems back to full availability in a secure and reliable manner.”
Indeed, as of 6 p.m. ET on Wednesday, SHI’s website was still largely down, except for the simple black-and-white message alerting readers to the company’s cybersecurity mishap.
Somewhat ominously, the weekend attack comes a year after IT management software company Kaseya was attacked by the ransomware gang REvil. The cyberattack left more than 36,000 MSPs without access to Kaseya‘s flagship VSA product for at least four days
SHI said in its message that law enforcement officials have been notified of the attack.
“While the investigation into the incident is ongoing – and SHI is liaising with federal bodies including the FBI and CISA – there is no evidence to suggest that customer data was exfiltrated during the attack,” the company said. “No third-party systems in the SHI supply chain were affected.”
According to BleepingComputer.com, after the attack, SHI apparently had a message on its website warning customers that its system were undergoing maintenance due to a “sustained outage.”
But that message was later replaced with its more formal statement published on its blog and website, BleepingComputer.com reported.
A representative for SHI could not be reached for comment.
SHI is a major player in the service provider world, with the firm recently making CRN’s 2022 Managed Service Provider 500 list.
In a recent press release, SHI boasted it generated $12.3 billion in revenue in 2021, with 5,000 employees around the world in operations centers in the U.S., the United Kingdom, and the Netherlands.
The company also says it provides services to more than 15,000 corporate, enterprise, public sector, and academic customer organizations worldwide.
Paco Lebron, president and CEO of Prodigy Teks, a Chicago-based MSP, said the attack on SHI is something all MSPs dread.
“It’s kind of the reason why some people can’t sleep at night,” said Lebron. “You can’t get away from this. This (attacks) is happening all the time.”
Noting that SHI is a large MSP, Lebron, who cohosts the weekly “MSP Unplugged” podcast, said he wouldn’t be surprised to hear that the firm was targeted precisely because of its prominence in the IT world.
“When you’re targeted like this, they (attackers) have really done their research on you,” he said.
He said the incident appears to show that MSPs, which are normally vigilant about protecting their customers, sometimes need to spend more time focusing on their own security needs.
A month has gone by since the last earnings report for Nutanix (NTNX). Shares have lost about 9.2% in that time frame, underperforming the S&P 500.
Will the accurate negative trend continue leading up to its next earnings release, or is Nutanix due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most accurate earnings report in order to get a better handle on the important catalysts.
Nutanix reported non-GAAP third-quarter fiscal 2022 loss of 5 cents per share, significantly narrower than the Zacks Consensus Estimate of a loss of 20 cents. The figure was narrower than the year-ago quarter’s loss of 41 cents per share.
Nutanix reported revenues of $403.7 million, missing the Zacks Consensus Estimate of $438.5 million. The top line improved 17% from the year-earlier quarter’s figure of $344.5 million. NTNX noted that the average contract term length declined to 3.2 years from 3.3 years in the year-ago quarter, primarily due to higher federal businesses that usually have shorter contract term lengths.
During the fiscal third quarter, Nutanix’s Annual Contract Value (ACV) billings jumped 28% to $204.7 million.
Product revenues (49.5% of revenues) increased 15.8% year over year to $199.6 million. Support, entitlements & other services revenues (50,5% of revenues) grew 18.5% to $204 million.
The top line was primarily driven by growth in NTNX’s core hyperconverged infrastructure software and the solid adoption of its new capabilities. Nutanix continues to witness a strong adoption of its hybrid multi-cloud solutions across Fortune 100 and Global 2000 companies.
Subscription revenues (92% of revenues) rose 21% from the year-ago quarter’s figure to $370.5 million. Professional services revenues (6% of revenues) jumped 15.4% to $22.5 million.
Non-Portable Software revenues (2% of revenues) plunged 43.7% year over year to $9.4 million. Hardware revenues (0.3% of revenues) increased 30% to $1.3 million.
Billings were up 20.7% year over year to $448 million. Nutanix’s run-rate ACV grew 19.3% year over year to $1.73 billion. Annual Recurring Revenue (ARR) climbed 46% to $1.1 billion.
During the fiscal third quarter, Nutanix added 580 customers, taking the total number of clients to 21,980.
During the fiscal third quarter, Nutanix’s non-GAAP gross margin expanded 160 basis points (bps) year over year to 83.3%.
Non-GAAP operating expenses decreased 5% year over year to $341.7 million.
As of Apr 30, 2022, cash and cash equivalents plus short-term investments were $1.30 billion, up from $1.29 billion at the end of second-quarter fiscal 2022.
During the third quarter of fiscal 2022, cash utilized through operating activities was $3.2 million, and free cash flow was negative $20.1 million. During the first nine months of fiscal 2022, Nutanix generated $29.5 million of cash from operating activities and a free cash flow of negative $4.7 million.
For fourth-quarter fiscal 2022, Nutanix expects ACV billings between $175 million and $185 million. Revenues are estimated between $340 million and $360 million.
Non-GAAP gross margin is estimated to be approximately 79-80%. Non-GAAP operating expenses are expected in the range of $360 million to $365 million.
Nutanix revised guidance for the full fiscal. NTNX now expects ACV billings between $735 million and $745 million compared with the previously guided range of $760-$765 million. Revenues are now estimated in the range of $1.535 billion to $1.555 billion compared with the prior range of $1.625-$1.630 billion.
Non-GAAP gross margin is now estimated to be 82% compared with the earlier guidance of 82.5%. Non-GAAP operating expenses are now projected in the range of $1.402 billion to $1.407 billion compared with the previous estimate of $1.465-$1.470 billion.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted -21.56% due to these changes.
At this time, Nutanix has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. However, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Nutanix has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Nutanix belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, Wix.com (WIX), has gained 1.8% over the past month. More than a month has passed since the company reported results for the quarter ended March 2022.
Wix.com reported revenues of $341.6 million in the last reported quarter, representing a year-over-year change of +12.3%. EPS of -$0.72 for the same period compares with -$0.54 a year ago.
Wix.com is expected to post a loss of $0.39 per share for the current quarter, representing a year-over-year change of -39.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.3%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Wix.com. Also, the stock has a VGM Score of F.
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