Nutanix Third Quarter 2024 Earnings: Beats Expectations

Nutanix (NASDAQ:NTNX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$524.6m (up 17% from 3Q 2023).
• Net loss: US$15.6m (loss narrowed by 78% from 3Q 2023).
• US$0.064 loss per share (improved from US$0.30 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nutanix Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 63%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 23% from a week ago.

Risk Analysis

Be aware that Nutanix is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...

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