Nutanix Buys Its Way Out of a Hole

Technology firms can sometimes spend their way out of trouble. But it doesn’t come cheap.

Just ask Nutanix. The company sells a specialized type of networking equipment and related software, though it generates far more revenue on the latter. It also has been working lately to shift more of that software business to a cloudlike model based on subscriptions, which hasn’t gone smoothly. In February, the company reported issues with its sales force closing deals, which sharply impacted projected growth rates. Nutanix shares promptly…

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