Today Nimble Storage reported its second quarter 2017 earnings and things are looking a bit better overall for the company. While their stock hasn’t gone up much since their last earnings report it hasn’t taken a beating either. In fact, Nimble’s numbers overall are on an upward trend.
Today Nimble Storage reported its second quarter 2017 earnings and things are looking a bit better overall for the company. While their stock hasn’t gone up much since their last earnings report it hasn’t taken a beating either. In fact, Nimble’s numbers overall are on an upward trend.
Image courtesy of Google Finance
Looking at the numbers, Nimble’s revenue is $97.1 million up from $86.4 million from last quarter, and up 21% from $80.1 million from this time last year. The GAAP gross margin was 64.6% this quarter and non-GAAP gross margin was 67%, compared to the first quarter’s 63.4% and 65.7% respectively. Though the numbers are looking better, Nimble is still reporting both a operating loss and net loss of $39.3 million and $40 million GAAP, and $15.5 million and $16.1 million non-GAAP.
Nimble believes that at least part of the reason it has a slightly rosier financial outlook has to do with its increase in customers and stronger sales of its all-flash arrays. Nimble states that its customer base is up 43% with more than 8,850 customers worldwide. And they note that their all-flash product bookings make up 17% of their total bookings, up from 9% in the previous quarter.
Looking ahead to the third quarter Nimble is expecting $100-$103 million in revenue, getting its non-GAAP operating loss between $14-$16 million, and its non-GAAP net loss to $0.17-$0.19 per share.
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