Nimble storage 10k full#

We added a record 752 new customers during Q4FY16 to end FY16 with 7,580 customers across our installed base a pace of customer acquisition that remains unmatched by any emerging vendor in our industry. Of flash to every application across the enterprise. Further, our Unified Flash Fabric combines All Flash and Adaptive Flash arrays into a single storage consolidation architecture, bringing the power We executed well against our vision in Q4FY16.Ī significant and exciting highlight during Q4FY16 was the strong, positive feedback from dozens of beta customers to our next generation All Flash arrays, which we believe deliver industry leading performanceĪnd scalability at a TCO that is up to 33 to 66 percent lower than existing leading all flash arrays. Our long-term goal is to leverage the Predictive Flash Platform to emerge as the Storage performance and capacity based on actual usage. It includes an unwavering commitment to customer success, guarantees that protectĪgainst product obsolescence or forklift upgrades that are frequently required 3-4 years after deploying legacy architectures, and the ability for our customers to procure storage as capex or leverage our Storage on Demand solution to only pay for Timeless Storage is our approach to ensuring investment protection to customers that deploy our products. Infrastructure disruptions that can negatively impact application performance. InfoSight monitors our customers infrastructure on a real-time basis from the cloud and leverages predictive analytics to predict and prevent the vast majority of InfoSight cloud-based predictive analytics. The Unified Flash Fabric combines industry-leading All-Flash arrays and Adaptive Flash arrays into a single storage architecture that dramatically enhances the performance of everyĮnterprise application while simultaneously lowering the total cost of ownership (TCO) of storage.

The Nimble Storage Predictive Flash Platform is comprised of three key components: We built our Predictive Flash Platform to deliver data Our founding thesis was to leverage flash and cloud-based predictive analytics to eliminate the app-data gap. When something disrupts the delivery of data toĪpplications, this app-data gap impacts business outcomes negatively. Organizations rely on applications to drive core business processes and business applications in turn rely on rapid, uninterrupted access to data. We were founded on the belief that we could emerge as a long-term leader in storage by leveraging the very same technologyĬatalysts that are disrupting the large incumbents. Large incumbent vendors have experienced consistent revenue declines and market-share losses over the last two years because their legacy architectures Period of unprecedented change with modern architectures upending legacy storage architectures. It had recovered to just above $17 and crashed again, down 15%, thanks to Nimble.Nimble Storage Inc. Pure went public last month in an IPO that flopped, finishing the day at about $16, below its initial price of $17. Investors have also become even more scared off of newly public company Pure Storage, fearing the price wars could hurt its business, too. On top of that, it's taking Nimble longer to close contracts with new customers than it expected.ĭowngrades poured down on Nimble by Friday, including from Barclays, RBC Capital, UBS, Wunderlich, Stifel, Oppenheimer, and Pacific Crest, reports 24/7 Wall Street. Others lowered their price targets like Sterne Agee CRT, Jeffries, and Piper Jaffray. The storage market is packed with players and there's a price war going on, said CEO Suresh Vasudevan on the quarterly conference call. The street wanted to hear $99.2 million in revenue with breakeven results on the bottom line.īut what's really killing Nimble is the reason it gave for the losses: Its competitors. Nimble reported a loss of $0.14/share, deeper than the loss of $0.08 a share that analysts were expecting.Īnd Q4 estimates were below analysts expectations, too, for a quarter when analysts expected it to hit break-even: Nimble expects to hit Q4 revenue of $87 million - $90 million and a loss of $0.11 to $0.13 a share. That was was up 37% percent over the year ago quarter, but analysts were looking for about $87.4 million, according to Seeking Alpha. Revenue came in at $80.73 million for the quarter.

It missed expectations on revenue and profit.

Nimble storage 10k full#

Nimble reported its Q3 after the market closed on Thursday and it was full of disappointing news. Nimble Storage's stock is getting pounded on Friday, and it's taking newly public Pure Storage down with it. Account icon An icon in the shape of a person's head and shoulders.