24H | Cloud Computing Company Nutanix Soars 15% on Q2 Earnings Beat and Upbeat Guidance
Nutanix Inc. stock surged 15% in overnight trading on Wednesday, following the company's impressive second-quarter financial results for fiscal year 2025 and optimistic guidance for the remainder of the year.
The enterprise cloud platform services provider reported adjusted earnings of $0.56 per share for the quarter ended January 31, 2025, significantly higher than analysts' estimate of $0.47 per share. Revenue for the quarter also exceeded expectations, reaching $654.7 million compared to the analysts' estimate of $641.9 million.
Nutanix provided an upbeat outlook for fiscal 2025, expecting revenue in the range of $2.495 billion to $2.515 billion, surpassing analysts' projections of $2.46 billion. "The company's shares were rising almost 12% in recent after-hours activity," according to a report by FactSet.
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