NTNX - Why Is Cloud Computing Company Nutanix's Stock Diving Thursday? | Benzinga
Nutanix, Inc. (NASDAQ:NTNX) shares are trading lower after the company reported third-quarter FY24 results.
Revenue rose 17% Y/Y to $524.6 million, beating the consensus of $516.18 million.
Annual Contract Value (ACV) billings increased 20% Y/Y to $288.9 million, and Annual Recurring Revenue (ARR) rose 24% Y/Y to $1.82 billion.
Adjusted gross margin expanded 250 bps Y/Y to 86.5% and, adjusted operating margin ...