$NTNX Beat on all guided metrics; strong operating margin and FCF, raises guidance - PT to $85 at BofA
$NTNX now down 4%- had some cautionary language Fed spend/macro despite the strong q1- stock also had a big recent run
$NTNX (+4.4% pre) Nutanix Earnings Top Estimates Despite Soft U.S. Federal Business https://t.co/rIyuNI828y
Nutanix, Inc. (NTNX) reported its first-quarter fiscal 2025 results, exceeding Wall Street estimates with revenue of $590.96 million and an adjusted earnings per share (EPS) of $0.42. The company also achieved a net income of $29.93 million and an annual recurring revenue (ARR) of $1.97 billion, reflecting an 18% year-over-year increase. Following the earnings announcement, Nutanix's stock saw a post-market increase of 3%, reaching $74.54. The company provided guidance for the second quarter, projecting revenue between $635 million and $645 million, with a non-GAAP operating margin of 20% to 21%. Despite the strong quarterly performance, some analysts expressed caution regarding the company's outlook for the second half of the fiscal year, citing concerns over U.S. federal spending and macroeconomic conditions. However, the company raised its full-year guidance, indicating confidence in its operational performance and potential for securing large deals as customers transition from VMware.
