Nimble Storage Beats Earnings Estimates, Mixed Q3 Forecasts

Nimble Storage Inc NMBL released its Q2 results after market close on Tuesday. Earnings per share came in above Wall Street consensus expectations

Nimble Storage reported EPS of $(0.19) and revenues of $97.1 million. Analyst consensus had an EPS estimate of $(0.2) and revenues of $94.7 million.

Nimble Storage saw Q3 EPS at $(0.19)-$(0.17) vs. estimates of $-0.17 and Q3 revenues of $100-$103 million vs. estimates of $100.9 million.

"We saw strong momentum in customer and channel partner adoption of our All Flash arrays. Our AFA bookings accounted for 17% of our total product bookings in Q2FY17, up from 9% in Q1FY17," said CEO Suresh Vasudevan. "During our first full quarter of having All Flash arrays in our portfolio, we added 133 AFA customers, including 79 "new to Nimble" customers, with deal sizes substantially above our overall average."

At time of writing, Nimble Storage traded at $9.02 in Tuesday's after-hours session, up 2.6 percent.