Nutanix's Board authorized a $750 million increase to its existing share repurchase program, bringing total authorization to approximately $779 million including $29 million remaining.
Key takeaways
Board authorized $750 million increase to share repurchase program.
Total authorization now approximately $779 million including $29 million prior remainder.
No expiration date; may be modified, suspended or discontinued at any time.
Repurchases via open market, private transactions or Rule 10b5-1 plans.
Reflects confidence in long-term strategy and financial strength per CFO Rukmini Sivaraman.
Timing and amount depend on stock prices, market conditions and other factors.