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Actionable news in NMBL: NIMBLE STORAGE Inc,

Why Nimble Storage, Inc. Stock Skyrocketed Today

Image source: Nimble Storage, Inc.

So what: Quarterly revenue climbed 21% year over year, to $86.4 million, and translated to an adjusted net loss of $20.1 million, or $0.24 per share. Analysts, on average, were anticipating a wider net loss of $0.26 per share on revenue of just $84.6 million.

"We saw strong customer and channel partner interest in our All Flash Arrays with deal sizes substantially above our overall average," stated Nimble Storage CEO Suresh Vasudevan. "All Flash Arrays accounted for 12% of our total array bookings during the first quarter after launch."

Nimble CFO Anup Singh elaborated: "We delivered solid financial results in Q1 as we executed against our financial and operational plans as outlined last quarter. We saw steady progress in larger deals greater than $250K, which were up 51% year-over-year...


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