Nutanix (NTNX) Tops Q2 EPS by 11c

Nutanix (NASDAQ: NTNX) reported Q2 EPS of ($0.37), $0.11 better than the analyst estimate of ($0.48). Revenue for the quarter came in at $346.4 million versus the consensus estimate of $326.95 million.

“We delivered a strong quarter across the board, exceeding guidance on all metrics and continuing our momentum with key customer wins and solid execution,” said Rajiv Ramaswami, President and CEO of Nutanix. “In my first two months as CEO of Nutanix, my conviction that we have a talented employee base, loyal customers who love the simplicity of our software, and a strong market opportunity ahead of us has only been reinforced.”

“We delivered record ACV billings with growth of 14 percent year-over-year, bolstered by the strength of our emerging products,” said Duston Williams, CFO of Nutanix. “We continued to make progress on our transition to subscription and maintained our disciplined approach to managing operating expenses, which were lower than expected this quarter. We look forward to continuing to execute on our transformation and are confident Nutanix is well positioned for long-term value creation.”

For earnings history and earnings-related data on Nutanix (NTNX) click here.

You May Also Be Interested In

• Plexus Corp (PLXS) Tops Q2 EPS by 7c
• Meritage Homes Corporation (MTH) Tops Q1 EPS by 151c; offers guidance
• Kaiser Aluminum (KALU) Tops Q1 EPS by 42c