Nutanix, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2022
March 02, 2022 at 04:02 pm EST
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Nutanix, Inc. reported earnings results for the second quarter and six months ended January 31, 2022. For the second quarter, the company reported revenue was USD 413.08 million compared to USD 346.38 million a year ago. Net loss was USD 115.06 million compared to USD 287.39 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 1.42 a year ago.
For the six months, revenue was USD 791.6 million compared to USD 659.14 million a year ago. Net loss was USD 534.91 million compared to USD 552.44 million a year ago. Basic loss per share from continuing operations was USD 2.46 compared to USD 2.72 a year ago.
Nutanix, Inc. provides an enterprise cloud platform, Nutanix Cloud, that consists of software solutions and cloud services. The Company's solutions deliver a consistent cloud operating model across edge, private-, hybrid- and multi cloud environments for all applications and their data. Its solutions allow organizations to simply run and move their workloads, including enterprise applications, databases, end user computing and virtual desktop infrastructure (VDI) services, container-based modern applications, and analytics applications, between on-premises and public clouds. It operates a subscription-based business model to provide its customers to choose the licensing. The Companyâs Nutanix Cloud Infrastructure (NCI) offers hybrid cloud infrastructure combine its core Hyperconverged Infrastructure (HCI) software stack (AOS), native, enterprise-grade hypervisor (AHV), virtual networking, disaster recovery, network and data security and Kubernetes container runtime.