Nutanix (NTNX) reported earnings on Tue 27 Nov 18 (a/h)

** charts before earnings **

 

** charts after earnings **

Nutanix beats by $0.14, beats on revs; guides JanQ EPS in-line, revs in-line although mid-point above consensus 

• Reports Q1 (Oct) loss of $(0.13) per share, excluding non-recurring items, $0.14 better than the S&P Capital IQ Consensus of ($0.27); revenues rose 13.7% year/year to $313.3 mln vs the $305.2 mln S&P Capital IQ Consensus.
• Co issues in-line guidance for Q2 (Jan), sees EPS of approx $(0.25), excluding non-recurring items, vs. ($0.26) S&P Capital IQ Consensus; sees Q2 revs of $325-335 mln vs. $326.51 mln S&P Capital IQ Consensus.
• Co says the OctQ results prove that its core business continues to grow strongly and puts the co on a solid path to meet its goal of at least $3 billion in software and support billings by 2021.
• Co also says 51% of billings in Q1 were derived from subscriptions, up from 31% in the same quarter last year, and subscription revenue grew 104% YoY. Co expects to continue this shift towards subscription, driving a cloud-like, pay-as-you-grow business model.