Nutanix, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2024
February 28, 2024 at 04:06 pm EST
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Nutanix, Inc. reported earnings results for the second quarter and six months ended January 31, 2024. For the second quarter, the company reported revenue was USD 565.23 million compared to USD 486.5 million a year ago. Net income was USD 32.8 million compared to net loss of USD 70.79 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.31 a year ago.
For the six months, revenue was USD 1,076.29 million compared to USD 920.1 million a year ago. Net income was USD 16.94 million compared to net loss of USD 170.3 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.74 a year ago.
Nutanix, Inc. provides an enterprise cloud platform, Nutanix Cloud, which 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.
NUTANIX, INC. 
