Nutanix Q4 Earnings Surpass Estimates, Revenues Increase Y/Y Zacks, Benzinga, Nutanix NTNX, Audioeye AEYE, Arista Networks, Badger Meter BMI by https://www.benzinga.com/
AI Insights:
Simple Explanation:
Nutanix is a company that makes special computer stuff. They told people how much money they made in the last 3 months, and it was more than what people thought they would make. This is good because it means people want their computer stuff, and Nutanix can make more money. The more money Nutanix makes, the more successful they are. Read from source...
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Nutanix NTNX reported better than expected fourth-Quarter fiscal 2024 non-GAAP earnings of 27 cents per share and also higher revenue of $548 million, beating the Zacks Consensus Estimate by 35% and 2.02% respectively. The software firm said that the top-line growth was primarily driven by the adoption of its new capabilities in the hyper-converged infrastructure software market. The company also saw a boost in Annual Contract Value (ACV) billings of 21% to $338 million, beating the guided range of $295-$305 million.