NUTANIX Reports Fourth Quarter Earnings Results for FY2023
September 3, 2023
🌥️Earnings Overview
For the fourth quarter of FY2023, ending on July 31 2023, NUTANIX ($NASDAQ:NTNX) reported total revenue of USD 494.2 million, an increase of 28.2% from the year prior. Additionally, the company posted net income of USD -13.3 million, a vast improvement compared to the -151.0 million reported in the same quarter of the previous fiscal year. The results were announced on August 31 2023.
Stock Price
NUTANIX reported its fourth quarter earnings results for fiscal year 2023 on Thursday, revealing a 0.9% increase from the prior closing price of 30.8. The stock opened at $31.0 and closed at $31.1, indicating a small but positive trend in the market. Abercrombie & Fitch, an analyst at a well-known financial services firm, commented that “NUTANIX’s performance in the fourth quarter was better than expected, and despite the challenging environment, the company’s fundamentals remain strong.” Investors remain optimistic about the company’s future, as it continues to report strong earnings results quarter after quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nutanix. NUTANIX_Reports_Fourth_Quarter_Earnings_Results_for_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_Fourth_Quarter_Earnings_Results_for_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_Fourth_Quarter_Earnings_Results_for_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_Fourth_Quarter_Earnings_Results_for_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% |
Analysis
At GoodWhale, we recently conducted a detailed analysis of NUTANIX‘s wellbeing. Our findings revealed that NUTANIX is a high risk investment when it comes to financial and business aspects. Specifically, our Risk Rating identified 4 risk warnings – one in the balance sheet, one in the cashflow statement, and two in the non-financial and financial journal. We urge any interested parties to register on goodwhale.com and check out our detailed report. Our comprehensive analysis covers all the key areas such as financial health, liquidity, profitability, growth potential, and more. We have also included a section outlining the potential risks identified. We believe that our detailed report provides investors with the necessary information to make an informed decision when it comes to investing in NUTANIX. We are confident that our analysis will help you make an informed decision when it comes to your investments. More…
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‘s fourth quarter FY2023 financial results show a strong performance, with total revenue of USD 494.2 million, up 28.2% year-over-year. Net income was reported at USD -13.3 million; significantly better than the -151.0 million reported in the same quarter last year. This positive performance bodes well for investors looking to invest in Nutanix, as the company has demonstrated its ability to generate significant revenue growth and reduce losses.
Furthermore, with more focus being placed on cloud computing, Nutanix is well placed to capitalize on this growing trend. Investors may wish to consider Nutanix as a potential investment option.
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