By @SiliconANGLE
Publication Date: 2026-05-28 02:30:00
Hyperconverged cloud infrastructure company Nutanix Inc. delivered a mostly upbeat earnings report today, easily beating earnings and revenue estimates, and investors liked the news as the company’s stock gained more than 5% after hours.
nutanix reported fiscal third-quarter earnings before certain costs, such as stock compensation of 47 cents per share, beating Wall Street’s target of 35 cents per share. Revenue for the quarter was $703 million, up 10% from the year-ago period and well above analysts’ estimate of $686.4 million.
Disappointingly, however, Nutanix’s results fell, with net income of $63.4 million at the end of the quarter, down from $72.1 million a year earlier.
CEO Rajiv Ramaswami (pictured) highlighted “solid demand” during the quarter, resulting in especially strong bookings and good free cash flow performance. “We also announced significant new innovations and partnerships in the areas of AI,…
