Nutanix shares rise 5% on quarterly results

Shares of Nutanix Inc. were initially up 5% in extended trading Wednesday after the cloud-computing company reported fiscal second-quarter results. Nutanix reported a net loss of $287.4 million, or $1.42 a share, compared with a net loss of $217.6 million, or $1.13 a share, in the year-ago quarter. Revenue improved was flat, at $346.4 million from $346.8 million a year ago. Analysts surveyed by FactSet had expected a loss of 99 cents a share on revenue of $327 million. Nutanix's stock has inched up 0.6% over the last 12 months. The broader S&P 500 index has improved 26% in the last year.

Nutanix shares rise 5% on quarterly results

Portions of Nutanix Inc. were at first up 5% in broadened exchanging Wednesday after the distributed computing organization detailed financial second-quarter results. Nutanix revealed a total deficit of $287.4 million, or $1.42 an offer, contrasted and a total deficit of $217.6 million, or $1.13 an offer, in the year-prior quarter. Income improved was level, at $346.4 million from $346.8 million every year prior. Investigators studied by FactSet had expected a deficiency of 99 pennies an offer on income of $327 million. Nutanix's stock has crawled up 0.6% in the course of the most recent a year. The more extensive S&P 500 file has improved 26% in the most recent year.