What happened Shares of freshly public cloud infrastructure company #Nutanix (NASDAQ:NTNX) have sunk today, down by 12% as of 3 p.m. EST, as the post-earnings sell-off continued after the company reported its fiscal first quarter on Nov. 29. This follows a 6% decline yesterday. So what Revenue in the first quarter jumped 90% to $166.8 million, with billings growing 87% to $239.8 million. That all translated into a non-GAAP net loss per share of $0.37. The results were better than the $152 million in sales and $0.44-per-share adjusted net loss that analysts were expecting. Nutanix now has $347.1 million in cash and short-term investments, up significantly thanks to the recent IPO that raised $221 million in September.
http://www.fool.com/investing/2016/12/01/why-nutanix-shares-got-demolished-today.aspx
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