Annual Recurring Revenue

Why Nutanix Stock Was Surging Today

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Why Nutanix Stock Was Surging Today

Shares of Nutanix (NASDAQ: NTNX) were moving higher today after the hyper-converged infrastructure specialist (HCI) posted better-than-expected results in its fiscal fourth-quarter earnings report. Investors responded positively to the news, sending the stock up 20.4% as of 12:53 p.m. ET. Image source: Getty Images. Nutanix bounces back Following a disappointing earnings report in the fiscal … Read more

Nutanix Inc (NTNX) Announces Strong Q2 Fiscal 2024 Results: 26% ARR Growth and Robust Free …

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Nutanix Inc (NTNX) Announces Strong Q2 Fiscal 2024 Results: 26% ARR Growth and Robust Free …

Nutanix Inc (NASDAQ:NTNX) recently announced its financial results for the second quarter ended January 31, 2024, demonstrating strong growth and financial performance despite economic challenges. The company reported a 26% increase year-over-year in Annual Recurring Revenue (ARR), reaching $1.74 billion, and a 16% increase in revenue to $565.2 million. Nutanix also achieved GAAP operating income … Read more