Nutanix reports preliminary Q2 revenue $486.5M, consensus $464.96M
The Fly

Nutanix reports preliminary Q2 revenue $486.5M, consensus $464.96M

"We delivered a solid second quarter financial performance against an uncertain macro backdrop, underpinned by the strength of our subscription-based business model," said Rajiv Ramaswami, President and CEO of Nutanix. "The value proposition of our platform is resonating with customers as they look to tightly manage their IT and cloud costs while modernizing their data centers and adopting hybrid multicloud operating models."

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on NTNX:

Related Articles
TipRanks Auto-Generated NewsdeskNutanix COO David Sangster Plans Retirement, Continues as Advisor
TheFlySalesforce strength helps market weather Nvidia post-earnings dip: Morning Buzz
TheFlyNutanix price target raised to $85 from $76 at Raymond James
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App