Benzinga | Feb 24, 2021 04:20PM EST

Nutanix: Q2 Earnings Insights

Shares of Nutanix (NASDAQ:NTNX) rose in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 38.33% over the past year to ($0.37), which beat the estimate of ($0.48).

Revenue of $346,382,000 declined by 0.11% year over year, which beat the estimate of $326,950,000.

Outlook

Nutanix Sees Q3 ACV Billings $150M-$155M, Adj. Gross Margin ~81%

Details Of The Call

Date: Feb 24, 2021

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.nutanix.com%2F&eventid=2947835&sessionid=1&key=ACE79C57991207BF936964655EC4D137&regTag=&V2=false&sourcepage=register

Price Action

Company's 52-week high was at $37.35

Company's 52-week low was at $11.31

Price action over last quarter: Up 18.04%

Company Profile

Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization and storage into a resilient, and software-defined solution. It generates most of its revenues through license fees and supports services. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.