Nutanix tops estimates as external storage growth helps counter hardware squeeze

Nutanix Inc. closed out its fiscal year with stronger-than-expected fourth-quarter revenue and profit as annual recurring revenue grew 16% and customers adopted more of the company’s external storage, public-cloud and portfolio offerings.

Revenue for the quarter ended July 31 rose 16% from a year earlier, to $757.1 million, beating the $738.3 million consensus estimate.

Adjusted […]

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