A US-based cloud computing company is in the spotlight after announcing plans to lay off approximately 5% of its global workforce, just months after reporting higher revenue, rising recurring revenue, and adding more than 700 new customers during the third quarter of fiscal 2026.
Nutanix, a US-based enterprise cloud company, reported revenue of USD 703.1 million for the third quarter of fiscal 2026, up 10% year-on-year. Its annual recurring revenue (ARR), a key measure of predictable subscription income, increased 15% to USD 2.43 billion. The company also added more than 700 new customers during the quarter.
