Nutanix (NTNX) Q3 Earnings Top Estimates, Revenues Rise Y/Y

Nutanix (NTNX) reported third-quarter fiscal 2024 non-GAAP earnings of 28 cents per share, which surpassed the Zacks Consensus Estimate by 64.71%. The company had delivered an adjusted earnings per share of 4 cents in the year-ago quarter.Nutanix’s revenues climbed 17% year over year to $524.6 million, beating the Zacks Consensus Estimate by 1.64$510-$520 million.The top line was primarily driven by growth in NTNX’s core hyper-converged infrastructure software and the solid adoptio ...