Nutanix went public in September of this year. It had an IPO of $16 for 17.1 million shares and quickly saw its stock price shoot up to $38.15. Its stock fell off some before once again shooting back up. Nutanix has now released its for earnings report, for the first quarter of 2017. While the numbers exceed expectations, the stock saw yet another dip.
Looking at the numbers, Nutanix reported revenue of $166.8 million, up over 90% from last year’s $87.8 million. Nutanix’ billings were up to $239.8 million up from last year’s $128.3 million. From a customer perspective, they have a total of 4,473 customers after adding 705 new ones this quarter. They also stated that their large end-customers are continuing to invest in the company. Nutanix saw a GAAP net loss of 162.2 million (non-GAAP net loss of $47.8 million). This translates into a GAAP net loss per share of $2.18 (non-GAAP net loss per share of $0.37). Operating cash flow dropped from $5.6 million last year to $4.2 million. Free cash flow dropped from $15.3 million last year to $7.8 million.
Looking forward, Nutanix is aiming for a revenue between $175 and $180 million next quarter and a non-GAAP gross margin of roughly 60%.
Ampere Computing has unveiled its annual update, showcasing upcoming products and milestones that underscore its ongoing innovation in sustainable, ARM-based…
IGEL Disrupt 2024 was held from April 29th to May 1st at the Diplomat Hotel in Hollywood, Florida, and we…
ZutaCore has unveiled a waterless, direct-to-chip liquid cooling system specifically designed for NVIDIA's GB200 Grace Blackwell Superchip. At next week’s…
Hewlett Packard Enterprise (HPE) has introduced new solutions within the HPE GreenLake cloud platform that aim to simplify enterprise storage,…
Veeam Software has announced the upcoming introduction of Proxmox Virtual Environment (VE) support, responding to strong demand from its SMB…
The IBM Power S1012 is the portfolio's edge-level server. It is a one-socket, half-wide, Power10 processor-based system for edge computing…