Current market conditions are taking a toll on most companies. Enterprise cloud computing player Nutanix (NTNX) was no different. It reported its second-quarter results recently that surpassed market expectations, but the weaker outlook due to the coronavirus conditions hurt the stock significantly. It fell 20% in the after-hours trading session post result announcement.
Nutanix's Financials
For the quarter, revenues grew 3.4% from $335.4 million a year ago to $346.8 million, ahead of the market's forecast of $341.5 million. Billings grew 4% over the year to $428.1 million. Net loss was $217.6 million or $1.13 per