#Nutani full

While 2021 has been mired by supply chain issues, these appear to be less of a hindrance for Nutanix.

the consensus call of $400.34 million, while the forecast for 2022 has revenue coming in between $1.615 and $1.630 billion. The companyвЂ™s F2Q outlook also beat expectations Nutanix is looking for revenue between $400 to $410 million vs. Additionally, there was a beat on the bottom-line as Non-GAAP EPS of -$0.22 came in ahead of the StreetвЂ™s call - by $0.12. There was also the best growth rate for ACV (annual contract value) billings seen over the past 2.5 years too, as it increased by 33% compared to the same period last year. In 1QFY22, the companyвЂ™s revenue growth accelerated by 21% year-over-year (the largest growth rate in over 3 years) to $378.52 million, in the process beating the consensus estimate by $10.69 million.

вЂњOverall, we believe the company is now tracking ahead of their analyst day targets.вЂќ

#Nutani full

вЂњFor the first time in several quarters, management provided guidance for the full FY22, which indicates increasing visibility into overall business momentum and contract term lengths,вЂќ the 5-star analyst said. The company broke with its own recent tradition of not providing an outlook, and NeedhamвЂ™s Jack Andrews applauded the companyвЂ™s вЂњimproving consistency of execution.вЂќ Furthermore, where so many have stumbled in the current environment and have warned of the uncertainty which lies ahead, the cloud-based software company bucked the trend. The October quarter turned out to be a solid one for Nutanix ( NTNX).

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