Nov 26, 09:13 PM

Fluence Energy Reports Q4 FY24 Results with $0.34 EPS; Nutanix Surpasses Estimates with $591M Revenue and 12% After-Hours Increase

Fluence Energy, Inc. reported its fourth-quarter fiscal year 2024 results, revealing a post-market increase of 1.5% to $23.85 per share. The company recorded earnings per share (EPS) of $0.34 (diluted) and revenue of $1.23 billion, alongside a net income of $67.72 million. Additionally, Fluence's backlog rose to $4.5 billion, indicating strong future revenue potential. In contrast, Nutanix also released its quarterly earnings, reporting revenue of $591 million, surpassing analysts' estimates of $571.75 million. The company achieved an EPS of $0.42, exceeding the expected $0.32. Nutanix's annual recurring revenue (ARR) reached $1.97 billion, reflecting an 18% year-over-year growth. The firm provided guidance for the second quarter of fiscal year 2025, projecting revenue between $635 million and $645 million, compared to an estimate of $630.3 million. Nutanix shares rose by 12% in after-hours trading following the announcement.

#Fluence #Nutanix

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