SAN JOSE, Calif. – Nutanix Inc . (NASDAQ:) shares soared 12.45% in after-hours buying and selling on Wednesday after the hybrid multicloud computing firm reported fiscal fourth-quarter outcomes that exceeded analyst expectations and offered an upbeat outlook for fiscal 2025.
The corporate posted adjusted earnings per share of $0.34, surpassing the consensus estimate of $0.20 by a large margin. Income for the quarter got here in at $548 million, beating analyst projections of $536.95 million.
Nutanix’s Annual Recurring Income (ARR) grew 22% YoY to $1.91 billion, demonstrating robust momentum in its subscription enterprise mannequin. The corporate additionally reported strong free money circulate of $224.3 million for the quarter.
“Our fourth quarter was a solid finish to a fiscal year that showed good progress on our financial model with solid top line growth and sharp year-over-year improvement in profitability,” stated Rajiv Ramaswami, President and CEO of Nutanix.
Wanting forward, Nutanix offered an optimistic outlook for fiscal 2025, projecting income between $2.435 billion and $2.465 billion. The corporate additionally expects to generate free money circulate of $540 million to $600 million for the total 12 months.
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