San Jose, California – Nutanix Company Microsoft (NASDAQ:MSFT) shares rose 12.45% in after-hours trading Wednesday after the hybrid cloud computing company reported fourth-quarter financial results that beat analysts’ expectations and offered an upbeat outlook for fiscal 2025.
The company reported adjusted earnings per share of $0.34, beating the consensus estimate of $0.20 by a wide margin. Revenue for the quarter was $548 million, beating analysts’ expectations of $536.95 million.
Nutanix’s annual recurring revenue rose 22% year-over-year to $1.91 billion, demonstrating strong momentum in its subscription business model. The company also reported strong free cash flow of $224.3 million for the quarter.
“The fourth quarter was a strong end to the fiscal year that demonstrated good progress in our financial model with strong revenue growth and sharp improvement in profitability year-over-year,” said Rajiv Ramaswamy, CEO of Nutanix.
Looking ahead, Nutanix has given an optimistic outlook for fiscal 2025, projecting revenues of between $2.435 billion and $2.465 billion. The company also expects to generate free cash flow of between $540 million and $600 million for the full year.
This article was created with the support of AI and reviewed by an editor. For more information, see our Terms and Conditions.
Comments are closed, but trackbacks and pingbacks are open.