Nutanix Shares Soar 13% on Q4 Beat & Better Than Expected Guidance
2022.09.01 00:05
Nutanix Shares Soar 13% on Q4 Beat & Better Than Expected Guidance
By Davit Kirakosyan
Nutanix (NASDAQ:NTNX) shares rose more than 13% after-hours following the company’s reported Q4 results, with EPS of ($0.17) coming in better than the consensus estimate of ($0.38). Revenue was $385.5 million, beating the consensus estimate of $355.3 million.
“Our Fiscal 2022 results reflect strong progress on our subscription model with 27% year-over-year ACV billings growth and achievement of positive free cash flow, which we expect to be sustainable on an annual basis,” said Rukmini Sivaraman, CFO of Nutanix.
The company expects Q1/23 revenue in the range of $410-415 million, compared to the consensus estimate of $372.63 million. For the full 2023-year, the company expects revenue to be in the range of $1.77-1.78 billion, versus the consensus of $1.66 billion.
