MarketWatch First Take: Nutanix heads for first $1 billion year, shares rebound

Nutanix Inc. appears to be on track to hit $1 billion in annual revenue next year, one of many positive signs for the company that seem to support its vision of a hybrid-cloud future.

Nutanix NTNX, +1.35% reported better-than-expected fiscal fourth quarter results Thursday, as the company wrapped up its first full fiscal year since its successful 2016 initial public offering. The company’s outlook for the first quarter of its new fiscal year was more interesting, though: Its forecast calls for quarterly revenue of $240 million to $250 million on a non-GAAP basis, while Wall Street analysts were modeling for first-quarter revenue of about $231 million, according to FactSet.

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