Nutanix-NCP test - Nutanix Certified Professional 5.10 Updated: 2023

As a licensed Professional Engineer, or PE, you can expect many more benefits when compared to other engineers; most employers offer higher salaries and greater opportunities for advancement to PE's. Only PE's can consult in private practice, and seal company documents to be sent to the government. PEs also have more credibility as expert witnesses in court than most engineers.

Steps in obtaining a PE license:

• Pass the Fundamentals of Engineering (FE) Exam.
• Graduate with a bachelor's degree from an ABET accredited engineering curriculum (all Engineering curricula at Michigan Tech except Robotics Engineering).
• Gain four years of engineering experience under the supervision of a registered professional engineer.
• Pass the Principles and Practice of Engineering (PE) Exam.

During your senior year you should take the Fundamentals of Engineering (FE) exam, which is required prior to sitting for the Professional Engineers (PE) Exam. Some requirements vary by state.

• Nutanix has shown impressive sales momentum and expense management, with competitive success against rival VMware.
• The company's transition to a SaaS deployment model and focus on hybrid multi-cloud offerings positions it well for sustained growth.
• Nutanix's valuation remains reasonable, and its potential to benefit from the AI revolution could further boost its growth prospects.

Read the full article on Seeking Alpha

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Domains

The CFMP advisory board has determined that a competent bank marketing professional's expertise includes the following domains:

• Data, Research, and Measurement
• Strategy
• Revenue Generation
• Communication and Brand
• Risk Management 

Please review the CFMP Examination Outline and Informational Webinar for additional details.

Study Resources

While ABA recommends these resources as appropriate examination preparation, ABA does not certain that you will pass the test by studying these materials alone. The CFMP test assesses not only your knowledge of the Topics on the test outline, but also your application of that knowledge. You should refer frequently to the CFMP Examination Outline when preparing for the exam.

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• For full details, read the Certification test FAQs

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May 25, 2023, 04:39 PM EDT

“We identified a material weakness in our internal control over financial reporting and are working on remedial measures to address the identified weakness and help prevent that from happening again,” said Nutanix CEO Rajiv Ramaswami.

An undisclosed number of Nutanix employees were fired after an internal investigation found that they engaged in “intentional misconduct” to conceal the unauthorized use of an estimated $11 million in third-party software, according to the company.

“We identified a material weakness in our internal control over financial reporting and are working on remedial measures to address the identified weakness and help prevent that from happening again,” Nutanix CEO Rajiv Ramaswami told analysts during an earnings call Wednesday. “We have also held the responsible employees accountable. This matter had no material impact on our historical financials, and we believe it will have minimal impact going forward.”

The Audit Committee of Nutanix’s board of director conducted an investigation—which launched sometime after October 2022— and found that since 2014 the company had not accurately reported expenses for software licenses and support.

“The Audit Committee found that individual departments within our company procured software licenses without appropriate coordination with other departments and without ensuring that such licenses were sufficient for or consistent with the intended uses of the software, and as a result, evaluation software from two of our third-party providers was used in a non-compliant manner for interoperability testing, validation, customer proofs of concept, training and customer support over a multi-year period,” the company said in a 10-Q filing with the Securities and Exchange Commission.

[RELATED STORY: Nutanix CEO Rajiv Ramaswami Talks Broadcom, VMware, And His Vision To Help Partners Drive Business]

The Audit Committee said it has “evaluated the materiality of this error and determined that the impact is not material” to previously issued financial statements. As a result, the company has “prospectively corrected” financial statements for the affected periods to reflect the “correction of this error.”

As a result of the investigation, Nutanix said it is recording “cumulative estimated expenses” of $11 million as of its second fiscal quarter which represents the estimated amount of future payment for the “non-compliant” use of the software from two unnamed-third party software providers.

Nutanix management discovered the software misuse as part of a software purchase review, said Ramaswami. Both brands of software are still in use by the company for “non production use cases,” he said.

‘Commercial Resolution’ Sought Between Vendors

Nutanix CFO Rukmini Sivaraman said the company is “in contact” with both vendors and is working towards a “commercial resolution” of the unauthorized use of software.

The internal investigation by the Nutanix Audit Committee concluded that “certain employees engaged in intentional misconduct to conceal use of evaluation software with respect to one of our third-party providers” in violation of the company’s code of business conduct, ethics and other policies, Sivaraman said.

“We have terminated employment for certain employees who were found to be primarily responsible for the intentional misconduct,” she said.

Nutanix said in a 10-Q filing that no current member of company leadership or any part of its “finance, legal, or accounting departments” were involved in the misuse of software.

“The Audit Committee has completed its investigation, which found no evidence of wrongdoing by current senior management or by any members of the finance, legal, or accounting departments,” Nutanix said in the filing, noting that outside council and other advisors assisted the committee in its investigation.

In the 10-Q filing, the Audit Committee said it “terminated certain employees who were found to be primarily responsible for the intentional misconduct.” What’s more, the Audit Committee said, it “identified actions of certain other employees that were inconsistent with our code of business conduct and ethics and other policies and referred these matters to management for appropriate action.”

First Disclosed In March

The unauthorized use of third-party software was first disclosed by the company in March when Ramaswami told investors that Nutanix had uncovered software licensing misuse that would prevent it from filing its full financial report on time as mandated by the NASDAQ Exchange.

The company said the software misuse resulted in an “immaterial understatement” of operating expenses, accrued expenses and other current liabilities for prior periods beginning in August 2014.

In the wake of the Audit Committee report, Nutanix said it has “corrected the prior period financials presented in the Form 10-Q for its second quarter of fiscal 2023,” which was filed on Wednesday.

Nutanix said its expects the “incremental ongoing annual impact to operating expenses” of the third-party software usage to be “approximately in the low-single-digit millions of dollars.”

Further, Nutanix said it expects to implement “remedial measures, including remedial measures to address the material weakness and strengthen its overall internal control over financial reporting.”

In the 10-Q, the Audit Committee said the Board of Directors has directed management to “(1)enhance policies and procedures to reinforce ethical conduct across our company, (2) Boost training regarding appropriate third-party software procurement and usage practices, (3) enhance processes to identify, document and track third-party software license procurement, usage, and compliance, and (4) enhance risk assessment processes with respect to financial reporting related to software licensing acquisition and usage.”

We have determined to prospectively correct our previously issued financial statements to reflect the correction of this error rather than record a cumulative out-of-period adjustment for this error in the current period.

More Pentalties Could Be Upcoming

Nutanix has warned that it could still face “significant penalties,” possible injunctions, a cease-and-desist order and “other equitable remedies,” from the U.S. Securities and Exchange Commission or other regulators over its failure to file financial forms on time, and for years of misreporting its financials.

“To date, we have incurred significant expenses related to legal, accounting, and other professional services associated with the Audit Committee’s investigation and related matters and may continue to incur significant additional expenses with regard to these matters and related remediation efforts,” the company wrote. “If the SEC were to commence an investigation, we could incur significant additional time and expense, including expenses related to accounting, legal and other professional services, in connection with the investigation, the outcome of which would be difficult to predict.”

Ramaswami, for his part, said the company is “pleased” the internal investigation is completed.

Nutanix Posts Better Than Expected Earnings

The end of the Audit Committee investigation came with Nutanix reporting better than expected results for its third fiscal quarter, ended April 30, sending shares up 16 percent to $29.37 in trading on Thursday.

For the quarter, Nutanix reported non-GAAP third quarter earnings of four cents per share, up from the Zacks consensus estimate of two cents per share.

Nutanix reported sales for the quarter up 11 percent from the year ago period to $448.6 million compared with the Zacks consensus estimate of $431.6 million.

Nutanix annual contract value billings were up 17 percent to $239.8 million compared with $204.7 million in the year ago quarter.

“Against an uncertain macro backdrop, we delivered a solid third quarter with results that came in ahead of our guidance and saw continued strong performance in our renewals business,” said Ramaswami.

Even as businesses prioritized digital transformation and data center modernization, there was “some increased inspection of deals by customers” related to the uncertain macro-economic environment, which is driving a “modest elongation” in sales cycles, said Ramaswami.

“While the macro environment remains uncertain, we are encouraged that the compelling value proposition of our cloud platform and the strength of our business model, which enables us to raise our fiscal year topline outlook and bottom line outlook,” said Ramaswami. “We remain focused on delivering innovation for our customers now and in the future, while continuing to drive sustainable, profitable growth.”

MANILA, Philippines - The Professional Regulation Commission (PRC) announces that 23 out of 69 passed the Special Professional Licensure Examination for Midwives given by the Board of Midwifery in: Abu Dhabi and Dubai, United Arab Emirates; Al Ahmadi, Kuwait; Al-Khobar, Jeddah and Riyadh, Kingdom of Saudi Arabia; Doha, Qatar; Manama, Bahrain and Singapore last April 2023.

The members of the Board of Midwifery who gave the licensure examination are Melchor C. Dela Cruz, Jr., Chairman; Lerma M. Valenzuela, Corazon F. Landicho, Lourdes S. Mangahas and Liwayway M. Piedad, Members

Roll of Successful Examinees in the Respiratory Therapist Special Proffesional Liscensure Examination Held on APRIL 22 & 23, 2023 . Released on May 26, 2023

Seq. No.         N a m eicensure 

1        AHIYAL, JAISAR  USMAN

2        ALIH, JUNEA  LAWAMA

3        ALVAREZ, MARK ANTHONY  BUERANO

4        AMANO, AJIJA  JUBAHAN

5        BAGUNAS, AGAPITO JR  CAMACHO

6        BALDOMERO, NURFAIZA  JUMADIL

7        BALONSO, MARICEL  GARCIA

8        BANTIQUE, JULIUS HERBERT  ERMITAÑO

9        CORTEZ, JULIUS  MONTAÑEZ

10        DANZALAN, RUBY  GARCIA

11        DICHOSO, ELVIRA  HALON

12        ESPERANZA, MADONA  CALANTOC

13        GARCIA, ROCHELLE  BARRACA

14        HULIGANGA, CHEDETTE  SALVANI

15        JULKARNAIN, MISRAYA  OMAR

16        LALIYAH, KAZILLE MAY  TORMIS

17        MAJUDDIN, WEHILDA  BAKIL

18        MOHSEN BOUSAAD, BASMA  ALIH

19        PALIZA, ROMMEL  GANDINGCO

20        PELAYO, NUR-SHAJID  UTUTALUM

21        PIZARES, AMADEL  NAPALIT

22        QUILIBAN, NISHARA  SALIP

23        RIO, CAROLYN  MARTINEZ

24        SERABANI, LYN-RAHNI  TAHIL

25        SERRATO, NORA FE  MATTAHALI

26        SINTAAN, SHERABEN  DARE

27        TEO, FRELYN  DIMAN

MANILA, Philippines — The Professional Regulation Commission (PRC) announces that 5 out of 12 passed the Chemical Engineers Special Professional Licensure Examination given by the Board of Chemical Engineering in: Abu Dhabi and Dubai, United Arab Emirates; Al-Khobar and Riyadh, Kingdom of Saudi Arabia and Doha, Qatar last April 2023.

Roll of Successful Examinees in the Chemical Engineers Special Professional Licensure Examination. Held on April 22, 2023 & FF. Days. Released on May 22, 2023

1        AGBUNAG, ELMAR  BUYAO

2        PABILONA, CZARINA FAYE  MOCOY

3        PAGAPONG, SANDE  GALANIDA

4        PILLORA, ROBERT  VILLARBA

5        REYES, HAZEL MARIE  JORDAN

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