Nutanix (NASDAQ: NTNX) reported first-quarter 2021 financial results after the regular trading hours on Monday. The software firm reported Q1 revenue of $312.8 million, down 0.6% year-over-year, but higher than the Wall Street projection. Meanwhile, a net loss of $0.44 per share was much better than what analysts had anticipated.
NTNX shares rose 9% immediately following the announcement. The stock has slid 12.5% since the beginning of this year.
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