Recap: Nutanix Q1 Earnings

Shares of Nutanix NTNX rose 7.83% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 38.03% over the past year to ($0.44), which beat the estimate of ($0.57).

Revenue of $312,754,000 decreased by 0.64% year over year, which beat the estimate of $299,240,000.

Looking Ahead

Nutanix Sees Q2 ACV Billings $145M-$148M, Adj. Gross Margin ~81.5%

How To Listen To The Conference Call

Date: Nov 23, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.nutanix.com%2F&eventid=2626044&sessionid=1&key=9AAEFA94CBA0E70FA7638C403372FC6F&regTag=&sourcepage=register

Price Action

52-week high: $37.86

52-week low: $11.31

Price action over last quarter: Up 10.60%

Company Profile

Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization and storage into a resilient, and software-defined solution. It generates most of its revenues through license fees and supports services. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.