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Why Shares of Nutanix, Inc. Jumped 35% in March
Apr 5, 2018
By Asit Sharma
Stock in enterprise cloud computing service provider Nutanix, Inc. (NASDAQ:NTNX) jumped 34.7% in March, according to data from S&P Global Market Intelligence.
As I described in a previous article on Nutanix’s February performance, the company’s fiscal 2018 second-quarter results (three months ended Jan. 31, 2018), released on March 1, propelled its shares on their steep trajectory. To recap, the organization booked robust double-digit increases in both revenue and billings. Nutanix’s top line jumped 44% in comparison to the prior-year quarter, to $286.7 million, while billings rose 57% to $227.4 million.