Nutanix Boosts Revenue Forecast for Fiscal Year 2025 to $2.53 Billion

Published 2 days agoNTNX

Nutanix Boosts Revenue Forecast for Fiscal Year 2025 to $2.53 Billion

Nutanix has recently announced an increase in its fiscal year 2025 revenue guidance, now projecting $2.53 billion, according to Benzinga. This upward revision reflects strong growth in new customer acquisitions and expanded partnerships, signaling confidence in the company's strategy and market trajectory.

The company also reported a noteworthy 16% year-over-year revenue increase for the second quarter of fiscal 2025, reaching $654.7 million and exceeding analyst expectations. Further highlighting its strong performance, Nutanix achieved a 19% year-over-year growth in annual recurring revenue. This boost is attributed to a growing demand for its subscription-based services, as reported by Benzinga.

Moreover, Nutanix has strengthened its partnership with Amazon Web Services (AWS) to enhance service offerings for customers migrating to Nutanix Cloud Clusters (NC2) on AWS, as noted by GlobeNewswire. Analysts have responded positively, with Raymond James raising the company's stock target price to $83 based on these favorable outcomes and promising financial guidance. Nutanix's strategic moves and solid financial results showcase its resilient market position.

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