Nutanix (NASDAQ:NTNX) saw its shares jump over 13% intra-day today following better-than-expected revenue and a bullish forecast, despite narrowly missing earnings estimates for the second quarter.

The company reported adjusted earnings per share of $0.46, just shy of analysts' $0.47 forecast. However, quarterly revenue surged to $654.7 million, easily surpassing the $641.5 million estimate and reflecting significant year-over-year growth.

A key highlight was the company’s Annual Recurring Revenue (ARR), which climbed 19% YoY, underscoring strong demand for its subscription-based business model.

Looking ahead, Nutanix issued an optimistic third-quarter forecast, projecting revenue between $620 million and $630 million, well above the $595.1 million analyst consensus.

The company's momentum is being fueled by the growing adoption of the Nutanix Cloud Platform, as enterprises seek reliable long-term technology partners. Strong go-to-market strategies and strategic partnerships are further amplifying growth.