Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Nutanix Stock Was Soaring Today

TheMotleyFool

0 0

Shares of Nutanix (NASDAQ: NTNX), the hybrid cloud infrastructure specialist, were surging higher today after the company delivered a better-than-expected fiscal fourth-quarter earnings report.

As of 11:26 a.m. ET, the stock was up 28.8%.

Nutanix, which appears to be wrapping up a yearslong transition from a hardware company to a subscription software one, said that annual recurring revenue rose 37% in the quarter to $1.2 billion. Due to the timing of contracts and shortening contract lengths, GAAP revenue actually slipped 1% to $385.5 million, but that was still well ahead of analyst expectations at $354.9 million.

Source Fool.com

Like: 0

NTNX

Share