Nutanix Announces Share Repurchase Program
01 September 2023 - 6:05AM
Business Wire
Program Authorizes Repurchase of up to $350
Million of Class A Common Stock
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing,
today announced that its Board of Directors has authorized the
repurchase of up to $350 million of its Class A common stock.
“We remain focused on investing in our business to support
profitable growth and on delivering strong returns for
shareholders. This share repurchase program is consistent with
these objectives and a reflection of the confidence we have in our
long-term market opportunity and financial outlook,” said Nutanix
CFO, Rukmini Sivaraman.
Nutanix may repurchase shares from time to time through open
market purchases, in privately negotiated transactions or by other
means, including through the use of trading plans intended to
qualify under Rule 10b5-1 under the Securities Exchange Act of
1934, as amended, in accordance with applicable securities laws and
other restrictions. The timing and amount of share repurchases will
depend upon prevailing stock prices, business and market
conditions, corporate and regulatory requirements, alternative
investment opportunities and other factors. The authorization has
no expiration date and may be modified, suspended or discontinued
at any time and does not obligate Nutanix to repurchase any minimum
number of shares. No assurance can be given that any particular
amount of shares will be repurchased.
About Nutanix
Nutanix is a global leader in cloud software, offering
organizations a single platform for running apps and data across
clouds. 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.
© 2023 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).
Forward-Looking Statements
This release contains express and implied forward-looking
statements, including, but not limited to, statements regarding the
Company’s plans for share repurchase, the Company’s focus on
investing in its business to support profitable growth and
delivering strong returns for shareholders, and the Company’s
confidence in its long-term market opportunity and financial
outlook. These forward-looking statements are not historical facts
and are instead based on Nutanix’s current expectations, estimates
and beliefs. The accuracy of such statements involves risks and
uncertainties and depends upon future events, including those that
may be beyond Nutanix’s control, and actual results may differ
materially and adversely from those anticipated or implied by such
statements, including, but not limited to: our ability to make
share repurchases; business and market conditions; the possibility
that the share repurchase program may be suspended or discontinued;
and other risks as detailed in Nutanix’s Annual Report on Form 10-K
for the fiscal year ended July 31, 2022 filed with the U.S.
Securities and Exchange Commission (the “SEC”) on September 21,
2022 and subsequent filings with the SEC, which should be read in
conjunction with this release. Any forward-looking statements
included herein speak only as of the date hereof and, except as
required by law, Nutanix assumes no obligation to update or
otherwise revise any of such forward-looking statements to reflect
subsequent events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20230831698286/en/
Investor Contact: ir@nutanix.com
Media Contact: pr@nutanix.com
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