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Benzinga
Benzinga
Business
Akanksha Bakshi

Why Nutanix Shares Are Plummeting After Hours

Nutanix Inc (NASDAQ:NTNX) reported third-quarter revenue growth of 17.2% year-over-year to $403.66 million, beating the consensus of $397.87 million. Adjusted EPS was $(0.05), above the consensus of $(0.22).

The gross margin expanded by 185 bps to 80.2%. Adjusted gross margin expanded by 160 bps to 83.3%.

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