Nutanix Q4 Earnings Surpass Estimates, Revenues Increase Y/Y

Quick Summary:

Nutanix (NASDAQ: NTNX) reported fourth-quarter fiscal 2024 non-GAAP earnings of 27 cents per share, which surpassed the Zacks Consensus Estimate by 35% and increased 12.5% year over year.

Nutanix's revenues climbed 11% year over year to $548 million, beating the Zacks Consensus Estimate by 2.02% and the guided range of $530-$540 million.

During the fiscal fourth quarter, Nutanix's Annual Contract Value (ACV) billings jumped 21% to $338 million, which was above the guided range of $295-$305 million.

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Author / Journalist: Zacks

Category: Technology

Markets: United States

Topics: Large Cap BMI NTNX Tech Earnings Beats Small Cap Analyst Ratings Trading Ideas Markets AEYE News Earnings Contributors Mid Cap

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 18:25:41 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 686 words

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Copyright Owner: © Benzinga

News ID: 22299855

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