Nutanix (NTNX) Reports Preliminary Q2 Revenue Above Consensus

Nutanix (NASDAQ: NTNX) reported Q2 preliminary revenue $486.5 million versus the consensus estimate of $464.97 million.

The Company is in the process of assessing the financial reporting impact of this matter and it is likely that additional costs would be incurred to address the additional use of the software. As a result, the Company has not provided financial information regarding expenses in its second quarter fiscal 2023 preliminary results, or in its outlook for the third quarter or full fiscal year 2023.

While the Company is working to complete its review of this matter as soon as possible, it does not expect to be able to file its Quarterly Report on Form 10-Q for the quarter ended January 31, 2023, on time or following the 5-day prescribed extension period allowed under 12b-25.

GUIDANCE:

Nutanix sees Q3 2023 revenue of $430-440 million, versus the consensus of $425.38 million.

Nutanix sees FY2023 revenue of $1.8-1.81 billion, versus the consensus of $1.78 billion.

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

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