Seeking Alpha

Nimble -2% AH after FQ2 beat, mixed guidance

  • Nimble Storage (NYSE:NMBL) is guiding for FQ3 revenue of $56M-$58M and EPS of -$0.16 to -$0.17 vs. a consensus of $55M and -$0.15.
  • 663 customers were added in FQ2, up from 450 in FQ1 and raising the total base to 3,756 (+115% Y/Y). A "record number" of $100K+ deals were signed, and "large enterprise" accounts now total 235.
  • International bookings still only make up 17% of total bookings. Fibre Channel support (considered crucial to growing high-end/enterprise sales) remains set to arrive by the end of FQ4.
  • Gross margin rose to 67.4% from 66% in FQ1 and 64.3% a year ago. GAAP opex rose 115% Y/Y to $61.2M, with sales/marketing spend rising 111% to $36.6M.
  • FQ2 results, PR, shareholder letter (.pdf)
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Comments (1)
  • berniespear
    , contributor
    Comments (235) | Send Message
     
    I'll take it. Even if it sells off a bit tomorrow, the company seems to be doing well.
    26 Aug, 11:28 PM Reply Like
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