Nutanix Inc (NASDAQ: NTNX) stock rose over 3.1% on September 1st, 2017 (As of 11:04AM EDT; Source: Google finance) driven by solid top line rise. For the fourth of 2017, the group’s Revenue rose 62% yoy to $226.1 million, while Billings enhanced 40% yoy to $289.2 million.
The group delivered an ongoing client growth which reached 7,051 end-customers, adding over 875 new end-customers during the quarter. Some of the clients include ABC Stores, Amgen, Bacardi, HCA Healthcare, Konica Minolta Business Solutions Europe GmbH, The Hershey Company, The Home Depot, and Tokopedia. They also has 43 customers with deals of over $1 million during the quarter, which is a 39% YoY rise.
Nutanix also launched Nutanix Calm and Xi Cloud Services during the quarter while made a strategic alliance with Google to blend the Nutanix environment with the Google Cloud Platform, offering new functionality targeting challenges of the multi-cloud era. They also witnessed a 75% rise in adoption of AHV, on a yoy basis.
But, the group reported a GAAP net loss of $90.7 million, from $49.9 million in the prior corresponding period while GAAP net loss per share reached $0.59, from $0.41 in pcp. The group’s Cash and Short-term Investments rose 88% yoy to $349.1 million. Their Deferred Revenue enhanced 77% yoy to $526.1 million. Nutanix Operating Cash Flow rose to $5.9 million for the quarter from $2.4 million in pcp.
For the first quarter of 2018, revenues are expected to be in the range of $240 and $250 million while Non-GAAP gross margin are forecasted to be over 58%. Non-GAAP operating expenses are expected to be in the range of $195 and $200 million while Non-GAAP net loss per share reached $0.37, using 156 million weighted shares outstanding. The group forecasts that the combination of Tech Data and Technology Solutions would be accretive to Tech Data’s fiscal year 2018 non-GAAP earnings per share. They are also on track to achieve $50 million in annual cost savings during the first 12 months and aiming for another $50 million by the end of year two, for a combined annual cost savings of $100 million in the second full year.