Nutanix Stock Jumps On Q4 Earnings: The Details
Portfolio Pulse from Adam Eckert
Nutanix Inc (NASDAQ:NTNX) shares surged in after-hours trading following strong Q4 earnings. The company reported revenue of $547.95 million, beating estimates, and EPS of 27 cents, also above expectations. Nutanix showed significant year-over-year growth in revenue and profitability, and announced new partnerships with Cisco, NVIDIA, and Dell. The company provided a positive outlook for the next fiscal year.
August 28, 2024 | 10:27 pm
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Nutanix reported strong Q4 earnings, with revenue and EPS beating estimates. The company showed significant growth in revenue and profitability, and announced new partnerships with major tech companies. The positive outlook for the next fiscal year further boosts investor confidence.
Nutanix's Q4 earnings exceeded expectations, with both revenue and EPS beating estimates. The company's strong year-over-year growth and new partnerships with major tech firms like Cisco, NVIDIA, and Dell are likely to drive positive sentiment. The positive revenue outlook for the next fiscal year further supports a bullish short-term impact on the stock price.
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