Nutanix said subscription revenue was up 104 percent year-over-year to $127 million.
Software defined data center player Nutanix delivered strong first quarter results, with revenue on the up amid the company's shift towards a subscription business model.
For the second quarter, Nutanix projected a non-GAAP net loss of 25 cents a share with revenue between $325 million to $335 million. Wall Street was expecting a loss of 26 cents a share on revenue of $2326 million. Shares of Nutanix were up nearly 10 percent after hours.
Nutanix said subscription revenue was up 104 percent year-over-year to $127 million. The company's chief executive Dheeraj Pandey said the results "prove that our core business continues to grow strongly and put us on a solid path to meet our goal of at least $3 billion in software and support billings by 2021."
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