** charts before earnings **
** charts after earnings **
Nutanix beats by $0.28, beats on revs; CEO to retire; also announces that Bain Capital will invest in $750 mln in convertible notes
Reports Q4 (Jul) loss of $(0.39) per share, excluding non-recurring items, $0.28 better than the S&P Capital IQ Consensus of ($0.67); revenues rose 9.3% year/year to $327.87 mln vs the $319.46 mln S&P Capital IQ Consensus.
Co also announces that CEO Dheeraj Pandey plans to retire from the Nutanix management team upon the selection and appointment of Nutanix's next CEO. Pandey will remain Chairman and CEO while a formal search is conducted.
Co also announces that Bain Capital Private Equity will make an investment of $750 million in convertible notes. Nutanix plans to use the investment to support the Company's growth initiatives. In connection with the investment, David Humphrey and Max de Groen, Managing Directors of Bain Capital, will join the Nutanix Board of Directors.
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