Today Nimble Storage reported its third quarter 2017 earnings and once again saw an overall improvement. While Nimble’s stock has been a bit more stable than some of the other earnings we cover, it has seen a modest increase since its last earnings report. Nimble saw an increase in revenue and an decrease in net loss but it saw a decrease in gross margin.
Today Nimble Storage reported its third quarter 2017 earnings and once again saw an overall improvement. While Nimble’s stock has been a bit more stable than some of the other earnings we cover, it has seen a modest increase since its last earnings report. Nimble saw an increase in revenue and an decrease in net loss but it saw a decrease in gross margin.
Looking at the numbers, Nimble’s revenue is $102 million this quarter up from $97.1 million last quarter and up from $80.7 million this time last year. GAAP gross margin is 63.8% down from 64.6% last quarter and down from 65.3% this time last year. Non-GAAP gross margin was 66% down from 67% last quarter. Operating loss for the third quarter was $39 million GAAP and $15.4 million non-GAAP. Net loss $39.3 million GAAP (down from $40 million last quarter) and $15.7 million non-GAAP.
Looking ahead to the next quarter, Nimble is expecting $112.0-$115.0 million revenue. They are seeking to reduce their non-GAAP operating loss to between $11-$13 million. And seek to reduce their non-GAAP net lost to $0.13 to $0.15 per share.
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