Nutanix has cracked US$100m in quarterly revenue for the first time.
The magic number - $102,697,000 to be precise, emerged in amended pre-float documentation it has lodged with the United States Securities and Exchange Commission. The amended Form S-1 now includes the quarter to January 31st, 2016.
More ReadingNutanix goes cap in hand to Goldman Sachs for $75m loanShall we? Shan't we? Nutanix inches towards IPOConverged systems market cracks $10bn a year says IDCThe week before Xmas ... not a creature was stirring – except Nutanix finally filing for its IPOVMware finds back door for US military mega-deal, but Nutanix, Citrix protest again
That quarter was a beauty: revenue was up from the October quarter's $87,756,000, margin climbed three points to 63 per cent and customer count climbed by 494 to 2,638. Cash burn rate is also down, but losses are still climbing to over $71m for the half year to January 31st.
The re-published S-1 is good news and bad. On the good side of the ledger, it shows the company is still proceeding towards its float. On the bad, the company hoped it would be public by “early 2016.” And here we are in the first full week of the fourth month, which certainly doesn't feel “early”.
At least Nutanix is not alone: no US technology company has gone public in 2016, as markets wobble and investors twitch. ®