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Nutanix fiscal Q2 loss widens 18.7% YOY

Nutanix Inc. said its normalized net income for the fiscal second quarter ended Jan. 31 was a loss of 47 cents per share, compared with a loss of 43 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $20.4 million, compared with a loss of $17.2 million in the year-earlier period.

The normalized profit margin rose to negative 19.8% from negative 30.2% in the year-earlier period.

Total revenue rose 80.8% year over year to $102.7 million from $56.8 million, and total operating expenses climbed 66.2% from the prior-year period to $137.9 million from $83.0 million.

Reported net income totaled a loss of $33.2 million, or a loss of 77 cents per share, compared to a loss of $27.8 million, or a loss of 70 cents per share, in the prior-year period.