NUTANIX Reports 28.2% Increase in Total Revenue for Fourth Quarter of FY2023
September 5, 2023
☀️Earnings Overview
For the fourth quarter of fiscal year 2023 ending on July 31, 2023, NUTANIX ($NASDAQ:NTNX) reported total revenue of USD 494.2 million, a 28.2% increase compared to the same period in the prior year. Net income for this quarter was USD -13.3 million, which is a major improvement from the prior year’s -151.0 million.
Analysis
GoodWhale conducted an in-depth analysis of NUTANIX‘s wellbeing. According to the Star Chart, NUTANIX is strong in growth and weak in asset, dividend, and profitability. This means that NUTANIX is classified as a ‘cheetah’, a type of company that achieved a high revenue or earnings growth but is considered less stable due to lower profitability. Considering this, investors who are looking for high-risk, high-yield investments may be interested in NUTANIX. Despite the riskiness of the company, its intermediate health score of 5/10 suggests that it has a strong balance sheet and cashflow, making it relatively safe to ride out any crisis without the risk of bankruptcy. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nutanix. NUTANIX_Reports_28.2_Increase_in_Total_Revenue_for_Fourth_Quarter_of_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 1.86k | -254.56 | -13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nutanix. NUTANIX_Reports_28.2_Increase_in_Total_Revenue_for_Fourth_Quarter_of_FY2023″>More…
| Operations | Investing | Financing |
| 272.4 | -49.78 | -112.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nutanix. NUTANIX_Reports_28.2_Increase_in_Total_Revenue_for_Fourth_Quarter_of_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.53k | 3.23k | -3 |
Key Ratios Snapshot
Some of the financial key ratios for Nutanix are shown below. NUTANIX_Reports_28.2_Increase_in_Total_Revenue_for_Fourth_Quarter_of_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | – | -11.1% |
| FCF Margin | ROE | ROA |
| 11.1% | 17.3% | -5.1% |
Peers
In today’s business world, competition is fierce. Companies are constantly vying for market share and mind share. This is especially true in the tech industry, where new products and services are being developed and released at a rapid pace. Nutanix Inc is a leading provider of cloud computing and virtualization solutions. The company competes with LivePerson Inc, DigitalOcean Holdings Inc, and Jamf Holding Corp. All four companies are leaders in their respective fields and are constantly innovating to stay ahead of the competition.
– LivePerson Inc ($NASDAQ:LPSN)
LivePerson Inc is a provider of live chat software that facilitates online communication between businesses and their customers. The company has a market cap of 646.61M as of 2022 and a Return on Equity of -84.46%. LivePerson’s chat software enables businesses to proactively engage with their customers and provide them with real-time assistance. The company’s platform is used by over 18,000 businesses, including major brands such as Samsung, AT&T, and Coca-Cola. LivePerson is headquartered in New York City.
– DigitalOcean Holdings Inc ($NYSE:DOCN)
DigitalOcean is a cloud infrastructure provider headquartered in New York City. The company has a market capitalization of $3.56 billion as of early 2021 and a return on equity of -7.86%.
DigitalOcean provides cloud infrastructure services to businesses and developers around the world. The company offers a range of services, including virtual private servers, storage, databases, and networking. DigitalOcean has a large customer base, with over two million customers in over 180 countries.
DigitalOcean has been growing rapidly in recent years, thanks to the booming demand for cloud infrastructure services. The company is well-positioned to continue this growth in the coming years.
– Jamf Holding Corp ($NASDAQ:JAMF)
Jamf Holding Corp is a publicly traded company with a market cap of 2.58B as of 2022. The company has a Return on Equity of -19.67%. Jamf Holding Corp is a provider of enterprise management software for the Apple platform.
Summary
Nutanix is an attractive investment opportunity for those looking to capitalize on the emerging cloud computing market. For the fourth quarter of FY2023, the company reported total revenue of USD 494.2 million, a 28.2% increase from the same period in the prior year. Additionally, net income came in at USD -13.3 million – a marked improvement from the previous year’s -151.0 million. The company’s solid financial performance in the past quarter and its strong presence in the cloud computing market make it an attractive option for potential investors.
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