Nutanix, Inc. (NASDAQ:NTNX) Q1 2024 Earnings Call Transcript November 29, 2023 Nutanix, Inc. beats earnings expectations. Reported EPS is $0.29, expectations were $0.17. Operator: Good day and thank you for standing by. Welcome to the Nutanix Q1 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now […]
After easily surpassing their quarterly earnings expectations on Wednesday a few top-rated Zacks stocks are rising in today's trading session.
Shares of Nutanix (NASDAQ: NTNX) climbed as much as 9.2% early Thursday, then settled to trade up 3.5% as of 2:30 p.m. ET after the cloud-computing and hyperconverged-infrastructure (HCI) specialist announced strong quarterly results. For its fiscal first quarter in 2024 (ended Oct. 31, 2023), Nutanix's revenue grew 18% year over year to $511.1 million, translating to adjusted (non-GAAP) net income of $85 million, or $0.29 per share. "We delivered a solid first quarter financial performance against an uncertain macro backdrop reflecting the value our customers see in the Nutanix Cloud Platform and the strength of our subscription business model," stated Nutanix CEO Rajiv Ramaswami.