NUTX - Nutanix Shares Surge After Company Beats Q4 Earnings Estimates Announces Buyback | Benzinga
Nutanix Inc (NASDAQ: NTNX) shares are trading higher in Thursday's after-hours session after the company reported better-than-expected results and announced a buyback.
Q4 Earnings: Nutanix said fiscal fourth-quarter revenue increased 28% year-over-year to $494.21 million, which beat the consensus estimate of $475.16 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 24 cents per share, which beat analyst estimates of 16 cents per share.
ACV (annual contract value) billings grew 44% year-over-year. Annual recurring revenue jumped ...