Nimble Storage (NMBL) Tops Q1 EPS by 2c; Guides In-Line
Nimble Storage (NYSE: NMBL) reported Q1 EPS of ($0.24), $0.02 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $86.4 million versus the consensus estimate of $84.59 million.
We saw strong customer and channel partner interest in our All Flash Arrays with deal sizes substantially above our overall average. All Flash Arrays accounted for 12% of our total array bookings during the first quarter after launch," said Suresh Vasudevan, chief executive officer. "Our Unified Flash Fabric combines industry-leading All-Flash and Adaptive Flash arrays into a single architecture that accelerates every application at a total cost of ownership that is unmatched in the industry."
"We delivered solid financial results in Q1 as we executed against our financial and operational plans as outlined last quarter. We saw steady progress in larger deals greater than $250K, which were up 51% year-over-year, and continued growth in our customer base, which was up 48% year-over-year," said Anup Singh, chief financial officer.
GUIDANCE:
Nimble Storage sees Q2 2017 EPS of ($0.19)-($0.21), versus the consensus of ($0.20). Nimble Storage sees Q2 2017 revenue of $93-96 million.
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