Nutanix Is Taking a Big Step Toward Profitability

Nutanix (NASDAQ: NTNX) came into its third-quarter earnings report having already given investors in peek into its numbers with a preliminary report early in May. Nonetheless, the results were better than the company had hinted. Below are some of the highlights:

Though Nutanix hit its marks in the third quarter and appears to be executing on its subscription strategy, the company pulled its guidance for the full year due to the uncertainty around the COVID-19 pandemic. What was notable about the company's strategy during the pandemic so far is that it has been taking the opportunity to slim down and become more efficient.

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Source Fool.com