SAN JOSE, Calif. (AP) _ Nutanix Inc. (NTNX) on Wednesday reported a loss of $194.3 million in its fiscal fourth quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of $1.04. Losses, adjusted for stock option expense and amortization costs, were 57 cents per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 64 cents per share.
The enterprise cloud platform services provider posted revenue of $299.9 million in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $293.3 million.
For the year, the company reported that its loss widened to $621.2 million, or $3.43 per share. Revenue was reported as $1.24 billion.
For the current quarter ending in November, Nutanix expects its per-share loss to be 75 cents.
Nutanix shares have decreased 53% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.60, a decrease of 68% in the last 12 months.