Nutanix Q4 Earnings Surpass Estimates, Revenues Increase Y/Y

Nutanix (NTNX) reported fourth-quarter fiscal 2024 non-GAAP earnings of 27 cents per share, which surpassed the Zacks Consensus Estimate by 35% and increased 12.5% year over year.Nutanix’s revenues climbed 11% year over year to $548 million, beating the Zacks Consensus Estimate by 2.02$530-$540 million.The top line was primarily driven by growth in NTNX’s core hyper-converged infrastructure software and the solid adoption of its new capabilities. Nutanix continues to witness a stro ...