#Nutanix (NTNX) reported a wider loss in fiscal Q1 that still beat views as revenue and billings topped expectations. Current-quarter guidance also beat analyst views, but shares in the provider of data center management software fell in late trading. San Jose, Calif.-based Nutanix said revenue for the quarter ended Oct. 31 popped 90% to $167 million as billings jumped 87% to $239 million. Nutanix reported a non-GAAP loss of 37 cents a share, up from a 27-cent loss in the year-earlier period. Analysts had projected a 44-cent loss on revenue of $152.2 million and billings of $214 million.
In the current quarter, Nutanix forecast revenue of $177.5 million at the midpoint of its guidance range and a per-share loss minus items of 35 cents to 36 cents vs. consensus estimates of $168 million and a 37-cent loss.
Nutanix reported earnings for the first time as a publicly traded company, after making its IPO in September.
Nutanix stock was down 3% in after-hours trading in the stock market today, after posting its earnings. Shares rose 2.2% to 34.09 in the regular session.
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Nutanix competes with #Cisco Systems (CSCO), Hewlett Packard Enterprise ( #HPE ), #VMware (VMW) and startup #Simplivity , while partners include #DellTechnologies (DVMT) and #Lenovo.
http://www.investors.com/news/technology/cisco-hpe-rival-nutanix-revenue-beats-but-stock-slips/
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