Nutanix Reports First Quarter Fiscal 2020 Financial Results
Nutanix News, November 25th, 2019
November 25, 2019,
Volume 260, Issue 4
Go-To-Market Execution Delivers Momentum on Subscription Transition, Increased Attach Rate of New Products, and Continued Strength in Large Deals as the Company Approaches a Billion Dollar Milestone in Deferred Revenue
Nutanix announced financial results for the first quarter of fiscal 2020 ended October 31, 2019.
Q1 Fiscal 2020 Financial Highlights
- Revenue: $314.8 million, up from $313.3 million in the first quarter of fiscal 2019, reflecting revenue compression from the company's ongoing transition to subscription and the significant reduction of hardware revenue from the prior year
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