Nutanix Volatile Following First Earnings Report
Nutanix Inc (NASDAQ: NTNX) released its first earnings report as a public company after hours Tuesday. The company announced an impressive 106 percent year-over-year increase in billings growth in FY2016.
- Nutanix reports Q1 EPS $(0.37), beating estimates by $0.07
- Revenues came in at $166.8M, beating by $14.55 million
- Nutanix is expecting Q2 EPS in the $(0.35)-(0.36) range, with estimated revenues at $175-180 million vs. $168.38 million consensus estimate
"The time warp between an enterprise-friendly VMware and a consumer-friendly AWS is our cloud opportunity," said Dheeraj Pandey, chairman and CEO. "Our first quarter results are reflective of the strength of our thesis on how enterprise computing will morph in the coming three to five years.”
Shares are now down about 2.5 percent at $33.25 after hours.
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