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Nutanix loss widens in first quarterly report since IPO
November 29, 2016 / 9:15 PM / in a year

Nutanix loss widens in first quarterly report since IPO

Nov 29 (Reuters) - Cloud data-storage firm Nutanix Inc’s net loss widened significantly in the company’s first quarterly results since its initial public offering in September.

Nutanix’s net loss widened to $162.17 million, or $2.18 per share, in the first quarter ended Oct. 31, from $38.54 million, or 90 cents per share, a year earlier.

Total revenue, however, nearly doubled to $166.8 million. (Reporting by Rishika Sadam in Bengaluru; Editing by Maju Samuel)

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