Friday, March 3, 2017

Xtera Appoints Douglas Umbers as CEO

Xtera, a provider of subsea optical communications solutions, has announced that, following the acquisition of the company by private equity firm H.I.G. Capital earlier in February, it has appointed a new leadership team. As part of the company's new organisation, Dr. Stuart Barnes, Xtera's chairman and chief strategy officer, has announced the following appointments to the leadership team: Douglas Umbers as CEO With experience across a range...

Nutanix Hits Revenue of $182M, up 77% YoY

Nutanix reported revenue of $182.2 million for its second quarter of fiscal 2017, ended January 31, 2017, growing 77% year-over-year from $102.7 million in the second quarter of fiscal 2016. GAAP net loss was $93.2 million, compared to a GAAP net loss of $33.2 million in the second quarter of fiscal 2016; or a GAAP net loss per share of $0.66, compared to a pro forma GAAP net loss per share of $0.28 in the second quarter of fiscal 2016. “Our journey...