Nutanix: Fiscal 1Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Nutanix Inc. (NTNX) on Monday reported a loss of $229.3 million in its fiscal first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of $1.21. Losses, adjusted for stock option expense and amortization costs, were 71 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 75 cents per share.
The enterprise cloud platform services provider posted revenue of $314.8 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $305.4 million.
For the current quarter ending in February, Nutanix expects its per-share loss to be 70 cents.
Nutanix shares have fallen 31% since the beginning of the year. In the final minutes of trading on Monday, shares hit $28.81, a decline of 28% in the last 12 months.