Why Nutanix Shares Are Skyrocketing Today
Portfolio Pulse from Lekha Gupta
Nutanix Inc (NASDAQ: NTNX) reported Q3 FY23 revenue of $448.6 million, an 11% Y/Y increase, beating the consensus of $432.9 million. Annual recurring revenues rose 32% Y/Y to $1.47 billion, and adjusted EPS of $0.04 beat the consensus of $0.03. The company raised its FY23 revenue guidance to $1.84 billion - $1.85 billion.
May 25, 2023 | 11:46 am
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Nutanix reported strong Q3 FY23 results, beating revenue and EPS consensus, and raised its FY23 revenue guidance.
Nutanix's Q3 FY23 results exceeded expectations, with revenue and EPS beating consensus estimates. The company also raised its FY23 revenue guidance, indicating strong performance and growth prospects. This positive news is likely to have a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100