Nutanix Shares Surge 12% Following Strong Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/NTNX'>Nutanix (NASDAQ:NTNX)</a> shares closed with more than a 12% gain on Friday following the release of the company's Q4 financial results.</p>
<p>The earnings per share (EPS) of $0.24 exceeded the Street estimate of $0.16. Additionally, the company's revenue witnessed a 28% year-over-year growth, reaching $494.2 million, surpassing the Street estimate of $475.24 million.</p>
<p>Looking ahead to Q1/24, Nutanix anticipates generating revenue within the range of $495 million to $505 million, which is above the projected consensus figure of $487.2 million. The company also expects its ACV (Annual Contract Value) billings to fall between $260 million and $270 million.</p>
<p>For the full year, Nutanix envisions its revenue to range between $2.085 billion and $2.115 billion, as opposed to the Street forecast of $2.08 billion. The ACV billings for the year are expected to be within the $1.075 billion to $1.095 billion range.</p>

NASDAQ:NTNX