Nutanix: Fiscal 1Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Nutanix Inc. (NTNX) on Tuesday reported a loss of $94.3 million in its fiscal first quarter.
The San Jose, California-based company said it had a loss of 54 cents per share. Losses, adjusted for one-time gains and costs, were 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The enterprise cloud platform services provider posted revenue of $313.3 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $304.8 million.
For the current quarter ending in February, Nutanix expects its per-share loss to be 25 cents.
The company said it expects revenue in the range of $325 million to $335 million for the fiscal second quarter.
Nutanix shares have climbed 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.97, an increase of 18 percent in the last 12 months.