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Nutanix Q2 Revenue and Profit Beat Estimates on Hybrid Cloud Demand

Nutanix logoNutanix
Sig1.65Sen+5.10Env0.00Soc0.00Gov0.00

Nutanix reported Q2 revenue of $757.1 million, beating analyst estimates, and adjusted EPS of $0.60 above forecasts. Annual recurring revenue reached $2.55 billion and margins rose to 9.2%. Growth was attributed to external storage leverage during hardware scarcity and strong demand for NC2 and cloud-cluster offerings to shift workloads and automate databases in hybrid environments.

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