#Nutanix is racing on to the billion dollar revenue mark for next year with a $100m net loss fuelled quarter of growth. Third fiscal 2017 quarter revenues were $191.8m, beating the year-ago’s $114.7m by 67 per cent. That’s faster year-on-year growth than #PureStorage, which yesterday reported a 31 per cent revenue increase to $182.6m. Nutanix made a net loss of $112m, again beating Pure’s net loss of $62.4m, if that’s the right way to describe it. Both companies are burning tens of millions of dollars a quarter in their relentless drive for growth, hoping investor’s keep hold of their shares on the big-win-jam-tomorrow principle. To put this in context, Rubrik says it has become a hundred million dollar run-rate startup and isn’t that great. Nutanix is saying it's making a hundred million dollar-plus loss a quarter and isn’t that great. What a weird world we live in. There might be a concern centred on losses deepening faster than revenue is rising. Here’s a chart showing Nutanix’s quarterly results and net losses so far:
https://www.theregister.co.uk/2017/05/26/nutanix_results_to_q3_fy2017/
No comments:
Post a Comment