Nutanix Announces $750 Million Increase to Share Repurchase Authorization

Nutanix, Inc. announced that its Board of Directors has authorized an increase of $750 million to its existing share repurchase program. This brings the total repurchase authorization to approximately $779 million, including the remaining $29 million from the prior authorization. The company stated this reflects confidence in its long-term strategy and financial strength, allowing flexibility for continued investment in innovation and growth while returning capital to shareholders. Repurchases may occur through various methods, including open market purchases and Rule 10b5-1 trading plans, subject to market conditions and applicable laws. The authorization has no expiration date and can be modified or discontinued. Nutanix, a leader in hybrid multicloud computing, aims to simplify operations and support digital transformation for its customers.