Nutanix (NTNX) Tops Q1 EPS by 4c, Revs Beat; Raises Rev Outlook
Nutanix (NASDAQ: NTNX) reported Q1 EPS of ($0.71), $0.04 better than the analyst estimate of ($0.75). Revenue for the quarter came in at $314.8 million versus the consensus estimate of $306.41 million.
“Our solid Q1 performance, particularly in the Americas, gives us confidence that we have the right formula for global sales leadership as demonstrated by improved productivity and sales hiring over the last six months,” said Dheeraj Pandey, Chairman, Founder and CEO of Nutanix. “We have also seen momentum in key areas of our business, including the transition to subscription and an improved 28% attach rate of new products onto our core HCI platform.”
“We continued to make progress towards our goal of more than 75% of billings coming from subscription by the end of the fiscal year, further demonstrating that customers want the freedom and flexibility that a subscription software model offers,” said Duston Williams, CFO of Nutanix. “Our last two quarters of solid execution position us well to deliver on our growth plans for fiscal 2020.”
Nutanix sees Q2 2020 EPS of ($0.70), versus the consensus of ($0.70). Nutanix sees Q2 2020 revenue of $410-420 million, versus the consensus of $336.4 million.
Nutanix sees FY2020 revenue of $1.65-1.75 billion, versus the consensus of $1.38 billion.
For earnings history and earnings-related data on Nutanix (NTNX) click here.