Nutanix Swings to Profit in 1Q With Increase in Product Sales

Dow Jones

2024-11-27

By Emon Reiser

Nutanix swung to a profit in the first quarter as product sales and annual recurring revenue climbed.

The cloud computing company reported a profit of $29.9 million, or 10 cents a share, for the three months ended Oct. 31, compared with a loss of $15.85 million, or 7 cents a share, during the same period last year.

Stripping out one-time items, adjusted earnings were 42 cents a share. Analysts surveyed by FactSet expected 32 cents a share.

Revenue rose 16% to $591 million. Analysts surveyed by FactSet were expecting $572 million.

The company's annual recurring revenue increased 18% to $1.97 billion year over year.

Chief Executive Rajiv Ramaswami said the company continued to bring innovations to the market to support the company's vision of becoming the leading platform for running apps and managing data.

During the quarter, the company expanded its partnership with Amazon Web Services and extended its AI infrastructure platform with a new cloud offering.

For the second quarter, Nutanix guided for revenue between $635 million and $645 million. For fiscal 2025, the company guided for revenue between $2.44 billion and $2.47 billion.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

November 26, 2024 16:41 ET (21:41 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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For fiscal 2025, the company guided for revenue between $2.44 billion and $2.47 billion. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Emon Reiser at emon.reiser@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 16:41 ET (21:41 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nutanix Swings to Profit in 1Q With Increase in Product Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNutanix Swings to Profit in 1Q With Increase in Product Sales\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-27 05:41</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Emon Reiser \n</p>\n<pre>\n \n</pre>\n<p>\n  Nutanix swung to a profit in the first quarter as product sales and annual recurring revenue climbed. \n</p>\n<p>\n  The cloud computing company reported a profit of $29.9 million, or 10 cents a share, for the three months ended Oct. 31, compared with a loss of $15.85 million, or 7 cents a share, during the same period last year. \n</p>\n<p>\n  Stripping out one-time items, adjusted earnings were 42 cents a share. Analysts surveyed by FactSet expected 32 cents a share. \n</p>\n<p>\n  Revenue rose 16% to $591 million. Analysts surveyed by FactSet were expecting $572 million. \n</p>\n<p>\n  The company's annual recurring revenue increased 18% to $1.97 billion year over year. \n</p>\n<p>\n  Chief Executive Rajiv Ramaswami said the company continued to bring innovations to the market to support the company's vision of becoming the leading platform for running apps and managing data. \n</p>\n<p>\n  During the quarter, the company expanded its partnership with Amazon Web Services and extended its AI infrastructure platform with a new cloud offering. \n</p>\n<p>\n  For the second quarter, Nutanix guided for revenue between $635 million and $645 million. For fiscal 2025, the company guided for revenue between $2.44 billion and $2.47 billion. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Emon Reiser at emon.reiser@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 16:41 ET (21:41 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NTNX","symbol_name":"Nutanix Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486837838","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486837838","pubTimestamp":1732657260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Nutanix swung to a profit in the first quarter as product sales and annual recurring revenue climbed.The cloud computing company reported a profit of $29.9 million, or 10 cents a share, for the three months ended Oct. 31, compared with a loss of $15.85 million, or 7 cents a share, during the same period last year.Stripping out one-time items, adjusted earnings were 42 cents a share. 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Analysts surveyed by FactSet expected 32 cents a share. \n\n\n  Revenue rose 16% to $591 million. Analysts surveyed by FactSet were expecting $572 million. \n\n\n  The company's annual recurring revenue increased 18% to $1.97 billion year over year. \n\n\n  Chief Executive Rajiv Ramaswami said the company continued to bring innovations to the market to support the company's vision of becoming the leading platform for running apps and managing data. \n\n\n  During the quarter, the company expanded its partnership with Amazon Web Services and extended its AI infrastructure platform with a new cloud offering. \n\n\n  For the second quarter, Nutanix guided for revenue between $635 million and $645 million. 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