3 Bright Spots in Nutanix's Q2 Earnings Report : vimarsana.c

3 Bright Spots in Nutanix's Q2 Earnings Report


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Share prices of
Nutanix (NASDAQ:NTNX) were fluctuating after its fiscal 2021 second-quarter earnings report was released last week.
The cloud-based hyperconvergence specialist continued to make progress in its shift to a subscription-based model and in its decision to focus on annual contract value (ACV) instead of total contract value (TCV). Highlights from the report include:
ACV billings rose 14% to $159.2 million, ahead of guidance for $145 million-$148 million.

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