Nutanix issues solid Q3 preview but also yanks mid-term targets Nutanix has decided some of its previous financial targets no longer apply and tipped off investors that its Q3 results won't be far off its previous predictions. A statement issued on Tuesday said the company "expects total revenue to be between $312m and $317m, up 8 per cent to 10 per cent year-over-year". Previous revenue …
Considering they just announced massive furloughs and have been burning through cash, I find it hard to believe that their Q3 numbers won't be a major disappointment. So many companies will hold on spend unless ABSOLUTELY necessary in 2020 and at most do 1 year maintenance renewals.
Did you read what Nutanix did on furough? Everyone takes a week each quarter for 2 quarters. No layoffs, when 30m Americans have been fired. If you had a choice which would you go for?
The numbers we'll see in normal time. There seems zero ground for you to say lies. Share price up >10% on the news.
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