Nutanix Expects Q2 Revenue Of $545M-$555M; Raises FY24 Outlook From $2.085B-$2.115B To $2.095B-$2.125B
Portfolio Pulse from Benzinga Newsdesk
Nutanix has updated its Q2 revenue expectations to $545M-$555M and raised its FY24 revenue outlook from $2.085B-$2.115B to $2.095B-$2.125B.
November 29, 2023 | 9:24 pm
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POSITIVE IMPACT
Nutanix has raised its Q2 revenue forecast and FY24 outlook, indicating stronger performance and potential growth.
The upward revision in both Q2 revenue and FY24 outlook suggests that Nutanix is experiencing stronger than expected financial performance. This positive news is likely to instill investor confidence and could lead to a short-term increase in the stock price, as it indicates potential growth and profitability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100