Nutanix Inc. (NTNX) stock surged nearly 11% in after-hours trading on Wednesday, following the company's better-than-expected second-quarter financial results for fiscal year 2025.
The enterprise cloud platform services provider reported adjusted earnings of $0.56 per share for the quarter ended January 31, 2025, significantly higher than the $0.47 per share estimated by analysts. Revenue for the quarter also exceeded expectations, reaching $654.7 million compared to the analysts' estimate of $641.9 million.
In addition to the strong quarterly performance, Nutanix provided an optimistic outlook for the remainder of the fiscal year. The company expects revenue in the range of $2.495 billion to $2.515 billion for fiscal 2025, surpassing analysts' projections of $2.46 billion.
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