SAN JOSE, Calif., Aug. 23, 2016 /PRNewswire/ -- Nimble
Storage (NYSE: NMBL), the leader in predictive flash storage solutions, today reported financial results for the fiscal second
quarter 2017. The company has released a discussion of these results by posting the current Shareholder Letter on its website at
http://investors.nimblestorage.com.
"We saw strong momentum in customer and channel partner adoption of our All Flash arrays. Our AFA bookings accounted for 17%
of our total product bookings in Q2FY17, up from 9% in Q1FY17," said Suresh Vasudevan, chief
executive officer. "During our first full quarter of having All Flash arrays in our portfolio, we added 133 AFA customers, including 79 "new to Nimble" customers, with deal sizes substantially above our overall
average."
"During Q2FY17 we delivered another solid financial quarter as we executed against our financial and operational plan. We
achieved revenue of $97.1 million and our non-GAAP gross margin was at its highest level in the
last year," said Anup Singh, chief financial officer.
Second Quarter Fiscal 2017 Financial Highlights:
- Total revenue increased 21% to $97.1 million for the second quarter of fiscal 2017, up from
$80.1 million in the second quarter of fiscal 2016.
- GAAP gross margin for the second quarter of fiscal 2017 was 64.6% compared to 65.3% in the second quarter of fiscal
2016.
- Non-GAAP gross margin for the second quarter of fiscal 2017 was 67.0% compared to 67.8% in the second quarter of fiscal
2016.
- GAAP operating loss was $39.3 million for the second quarter of fiscal 2017, compared to a
loss of $29.5 million in the second quarter of fiscal 2016.
- Non-GAAP operating loss was $15.5 million for the second quarter of fiscal 2017, compared to
a loss of $7.2 million in the second quarter of fiscal 2016.
- GAAP net loss for the second quarter of fiscal 2017 was $40.0 million, or $0.47 per basic and diluted share, compared with a net loss in the second quarter of fiscal 2016 of
$30.1 million, or $0.38 per basic and diluted share.
- Non-GAAP net loss for the second quarter of fiscal 2017 was $16.1 million, or $0.19 per basic and diluted share, compared with a net loss of $7.8 million in
the second quarter of fiscal 2016, or $0.10 per basic and diluted share.
In computing non-GAAP financial measures, the effects of stock-based compensation are excluded, which is a recurring non-cash
expense for the company. The company has provided reconciliation below of non-GAAP financial measures to the most directly
comparable GAAP financial measures.
Forward Outlook:
These metrics are provided on a non-GAAP basis, except for revenue and share count.
Nimble Storage provides guidance based on current market conditions and expectations. For the third quarter of fiscal 2017,
Nimble Storage expects:
- Total revenue of $100.0 million to $103.0 million.
- Non-GAAP operating loss of $14.0 million to $16.0
million.
- Non-GAAP net loss of $0.17 to $0.19 per share, based on
weighted average basic shares outstanding of approximately 86.0 million.
Business Highlights
- $1 Billion in Bookings Secured. Customers across the world have purchased over
$1 billion in products and support since Nimble Storage started shipping its Predictive Flash
platform in 2010. This monumental achievement is a testament to the exceptional products, solutions and customer support Nimble
Storage offers businesses.
- New Predictive Flash Array Offers Aggressive Entry Point to All-Flash Market. The Nimble Storage AF1000 is a
full-featured all-flash array that offers superior scalability, allowing customers to start small and scale non-disruptively up
to 8PB at a substantially lower cost. The starting point for an AF1000 has up to 20TB effective capacity and is expandable up
to 165TB effective capacity in 4U.
- New Generation of Adaptive Flash Arrays Expand the Nimble Storage Price-Performance Advantage. The new portfolio of
CS-Series Adaptive Flash arrays deliver up to 2X performance improvement and 40% lower cost of capacity over the previous
generation of Adaptive Flash arrays. Nimble CS-Series Adaptive Flash arrays deliver flexible performance and capacity for mixed
mainstream workloads at one-third the total cost of ownership of legacy hybrid arrays.
- SmartStack Integrated Infrastructure Deployed by More Than 1,000 Customers. SmartStack customers can take advantage
of 11 reference architectures and four Cisco Validated Designs, which now include the Nimble AF-Series All Flash arrays.
- Nimble Storage Receives Flash Memory Summit Most Innovative Flash Memory Customer Implementation Award. The Nimble
Storage Predictive Flash platform with InfoSight Predictive Analytics was recognized based on Hutchinson Clinic's
implementation of the Nimble Unified Flash Fabric, enabling flash performance for all enterprise applications by unifying All
Flash and Adaptive Flash arrays into a single consolidation architecture. The Hutchinson Clinic's entire infrastructure will be
deployed as a SmartStack reference architecture-based solution, comprised of Cisco UCS integrated infrastructure and the Nimble
arrays.
- Network Product Guide Awards Received. The Nimble AF-Series All Flash array, CS-Series Adaptive Flash array and
InfoSight Predictive Analytics were awarded 2016 IT World Awards.
- CRN 2016 Women of the Channel Awards Recognize Nimble Storage Employees. Three Nimble Storage employees were
acknowledged by CRN, a top news source for solution providers and the IT channel, for their accomplishments and leadership in
channel sales and marketing.
- Broadened Support to OpenStack Community with Mirantis Certification. The Mirantis Unlocked validation for the
Nimble Cinder Driver provides easy-to-deploy, scalable and highly available storage options for customers using OpenStack
infrastructure with the Nimble Predictive Flash platform.
- SAP HANA® Certification Obtained for Predictive All Flash Arrays. The new certification adds to
the SAP HANA certification Nimble previously obtained for its Adaptive Flash CS-Series arrays as enterprise storage solutions
for the SAP HANA platform.
- Nimble Storage Predictive Flash Platform Certified for the Latest Versions of Citrix XenDesktop. Nimble Storage
AF-Series All Flash arrays and CS-Series Adaptive Flash arrays are now fully compatible with the newest version of Citrix
XenDesktop 7.9. These storage platforms are validated for persistent and non-persistent XenDesktop VDI workloads.
Conference Call Information
As previously announced, Nimble Storage will host a live question and answer conference call and webcast today at
5:00 p.m. ET (2:00 p.m. PT) to discuss its financial results for the
second quarter of fiscal year 2017.
Interested parties may access the call by dialing 888-347-5685 in the U.S. or 719-325-2314 from international locations.
In addition, a live audio webcast of the conference call will be available on the Nimble Storage Investor Relations website at
http://investors.nimblestorage.com. The
live webcast will be archived and available on this site for 45 days. A replay of the conference call will be available for
45 days. Access the replay here.
Non-GAAP Financial Measures
To provide investors with additional information regarding our financial results, Nimble Storage has disclosed in this release
and the accompanying tables non-GAAP financial measures that are not calculated in accordance with generally accepted accounting
principles in the United States, or GAAP. The company provides non-GAAP gross margin, non-GAAP
operating loss, non-GAAP net loss, and non-GAAP net loss per share. In computing these non-GAAP financial measures, the company
excludes the effects of stock-based compensation, which is a recurring non-cash expense for the company. The company has
provided reconciliation below of non-GAAP financial measures to the most directly comparable GAAP financial measures. A
reconciliation of the Q3FY17 forward outlook for non-GAAP operating loss and non-GAAP net loss per basic and diluted share is not
available without unreasonable efforts as the quantification of stock-based compensation expense requires additional inputs such
as number of shares granted and market price, that are not ascertainable.
The company discloses these non-GAAP financial measures because they are key measures used by the company's management and
board of directors to understand and evaluate operating performance and trends, to prepare and approve the annual budget and to
develop short-term and long-term operational and compensation plans. In particular, the exclusion of certain expenses in
calculating non-GAAP financial measures can provide a useful measure for period-to-period comparisons of the company's business.
Accordingly, the company believes that these non-GAAP financial measures provide useful information to investors and others in
understanding and evaluating the company's operating results in the same manner as the company's management and board of
directors.
Non-GAAP financial measures have limitations as analytical tools and, as such, should not be considered in isolation or as
substitutes for analysis of the company's results as reported under GAAP. Some of these limitations are:
- Non-GAAP financial measures do not consider the potentially dilutive impact of equity-based compensation, which is an
ongoing expense for the company; and
- Other companies, including companies in our industry, may calculate non-GAAP financial measures differently, which reduces
their usefulness as comparative measures.
Forward-Looking Statements
This press release contains "forward-looking" statements that are based on our management's beliefs and assumptions and on
information currently available to management. We intend for such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements other than statements of historical fact contained in this press release,
including our current beliefs and expectations concerning our future financial results, business plans, strategy and objectives,
competitive position and industry trends and environment.
Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors including, but
not limited to, those related to our future financial performance, which is inherently uncertain, unforeseen delays in product
development or introduction, uncertainty around market acceptance of our solutions, including recently introduced products, our
ability to increase sales of our solutions, our ability to attract and retain customers and to sell additional solutions to our
existing customers and continue to add new customers, our ability to develop new solutions and bring them to market in a timely
manner, pricing pressure (as a result of competition or otherwise), introduction of new technologies and products by other
companies, changes in technologies, which could render our solutions less competitive, changes in the storage industry, our
ability to maintain, protect and enhance our brand and intellectual property, the effectiveness of our channel partners and sales
team, our ability to convert leads into sales, our ability to recruit new or keep our existing key talent, global economic
conditions, fluctuations in foreign currency rates and our ability to continue to expand our business and manage our growth.
Moreover, we operate in very competitive and rapidly changing environments, and new risks may emerge from time to time. It
is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any
forward-looking statements we may make. Further information on these and other factors that could affect our financial results
are included in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange
Commission and may cause our actual results, performance or achievements to differ materially and adversely from those
anticipated or implied by our forward-looking statements.
You should not rely upon forward-looking statements as predictions of future events. Although our management believes that the
expectations reflected in our forward-looking statements are reasonable, we cannot guarantee that the future results, levels of
activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur.
Moreover, neither the company, nor any other person, assumes responsibility for the accuracy and completeness of the
forward-looking statements. We undertake no obligation to publicly update any forward-looking statements for any reason after the
date of this presentation to conform these statements to actual results or to changes in our expectations, except as required by
law.
Nimble Storage Resources
About Nimble Storage
Nimble Storage (NYSE: NMBL) is the leader in predictive flash storage solutions. Nimble offers a Predictive Flash
platform that combines flash performance with predictive analytics to predict and prevent barriers to data velocity caused by
complex IT infrastructure. Nimble customers experience absolute performance, non-stop availability and cloud-like agility that
accelerate critical business processes. More than 8,850 enterprises, governments, and service providers have deployed the Nimble
Predictive Flash Platform across more than 50 countries. For more information visit www.nimblestorage.com and follow us on Twitter: @nimblestorage.
Nimble Storage, the Nimble Storage logo, CASL, InfoSight, Timeless Storage, Data Velocity Delivered, Unified Flash Fabric and
NimbleConnect are trademarks or registered trademarks of Nimble Storage, Inc. Other trade names or words used in this document
are the properties of their respective owners.
Press Contact:
Kristalle Cooks
408-514-3313
Kristalle@nimblestorage.com
Investor Relations Contact:
Edelita Tichepco
408-514-3379
IR@nimblestorage.com
Nimble Storage, Inc.
|
Preliminary Consolidated Statements of Operations
|
(In thousands, except per share amounts)
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
|
|
July 31,
|
|
July 31,
|
|
|
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
Product
|
$ 77,615
|
|
$ 66,752
|
|
$ 146,000
|
|
$ 126,945
|
Support and service
|
19,496
|
|
13,357
|
|
37,528
|
|
24,452
|
Total revenue
|
|
|
|
97,111
|
|
80,109
|
|
183,528
|
|
151,397
|
Cost of revenue:
|
|
|
|
|
|
|
|
|
|
|
Product (1)
|
|
|
|
25,815
|
|
21,127
|
|
49,606
|
|
40,268
|
Support and service (1)
|
|
|
8,553
|
|
6,637
|
|
16,360
|
|
12,289
|
Total cost of revenue
|
|
|
34,368
|
|
27,764
|
|
65,966
|
|
52,557
|
Total gross profit
|
|
|
|
62,743
|
|
52,345
|
|
117,562
|
|
98,840
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and development (1)
|
|
|
29,593
|
|
24,539
|
|
55,740
|
|
46,248
|
Sales and marketing (1)
|
|
|
61,678
|
|
47,860
|
|
122,122
|
|
92,303
|
General and administrative (1)
|
|
|
10,792
|
|
9,449
|
|
21,234
|
|
18,710
|
Total operating expenses
|
|
|
102,063
|
|
81,848
|
|
199,096
|
|
157,261
|
Loss from operations
|
|
|
(39,320)
|
|
(29,503)
|
|
(81,534)
|
|
(58,421)
|
Interest income, net
|
|
|
|
47
|
|
61
|
|
120
|
|
129
|
Other expense, net
|
|
|
|
(339)
|
|
(379)
|
|
(563)
|
|
(303)
|
Loss before provision for income taxes
|
|
(39,612)
|
|
(29,821)
|
|
(81,977)
|
|
(58,595)
|
Provision for income taxes
|
|
|
338
|
|
288
|
|
655
|
|
500
|
Net loss
|
|
|
|
$ (39,950)
|
|
$ (30,109)
|
|
$ (82,632)
|
|
$ (59,095)
|
Net loss per share, basic and diluted
|
$ (0.47)
|
|
$ (0.38)
|
|
$ (0.99)
|
|
$ (0.76)
|
Weighted-average shares used to compute net loss per share, basic and
diluted
|
84,482
|
|
78,228
|
|
83,823
|
|
77,381
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Includes stock-based compensation expense as
follows:
|
|
|
|
|
|
|
|
Cost of product revenue
|
|
|
$ 728
|
|
$ 660
|
|
$ 1,343
|
|
$ 1,205
|
Cost of support and service revenue
|
|
1,568
|
|
1,304
|
|
2,953
|
|
2,461
|
Research and development
|
|
|
7,773
|
|
6,638
|
|
13,919
|
|
12,069
|
Sales and marketing
|
|
|
|
9,727
|
|
9,389
|
|
20,340
|
|
19,500
|
General and administrative
|
|
|
4,067
|
|
4,330
|
|
7,855
|
|
8,071
|
Total stock-based compensation expense
|
|
$ 23,863
|
|
$ 22,321
|
|
$ 46,410
|
|
$ 43,306
|
Nimble Storage, Inc.
|
Preliminary Consolidated Balance Sheets
|
(In thousands)
|
(Unaudited)
|
|
|
|
|
|
As of
|
|
|
|
|
|
July 31,
|
|
January 31,
|
|
|
|
|
|
2016
|
|
2016
|
|
|
|
|
|
(Unaudited)
|
|
|
Assets
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
$ 194,218
|
|
$ 211,160
|
Restricted cash, current
|
|
|
488
|
|
793
|
Accounts receivable, net
|
|
|
49,115
|
|
50,432
|
Inventories
|
|
|
|
18,129
|
|
15,994
|
Prepaid expenses and other current assets
|
|
7,440
|
|
5,212
|
Total current assets
|
|
|
269,390
|
|
283,591
|
Property and equipment, net
|
|
|
50,041
|
|
47,404
|
Intangible assets, net
|
|
|
|
1,215
|
|
-
|
Other long-term assets
|
|
|
|
898
|
|
754
|
Total assets
|
|
|
|
$ 321,544
|
|
$ 331,749
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
Accounts payable
|
|
|
|
$ 28,711
|
|
$ 24,330
|
Accrued compensation and benefits
|
|
|
20,943
|
|
19,325
|
Deferred revenue, current portion
|
|
|
62,018
|
|
54,580
|
Other current liabilities
|
|
|
10,333
|
|
8,933
|
Total current liabilities
|
|
|
122,005
|
|
107,168
|
Deferred revenue, non-current portion
|
|
|
65,036
|
|
60,265
|
Other long-term liabilities
|
|
|
7,885
|
|
8,708
|
Total liabilities
|
|
|
|
194,926
|
|
176,141
|
Commitments and contingencies
|
|
|
|
|
|
Stockholders' equity:
|
|
|
|
|
|
|
Common stock
|
|
|
|
77
|
|
75
|
Additional paid-in capital
|
|
|
529,875
|
|
476,271
|
Accumulated other comprehensive loss
|
|
(695)
|
|
(731)
|
Accumulated deficit
|
|
|
|
(402,639)
|
|
(320,007)
|
Total stockholders' equity
|
|
|
126,618
|
|
155,608
|
Total liabilities and stockholders' equity
|
$ 321,544
|
|
$ 331,749
|
Nimble Storage, Inc.
|
Preliminary Consolidated Statements of Cash Flows
|
(In thousands)
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
|
|
July 31,
|
|
July 31,
|
|
|
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
|
|
$ (39,950)
|
|
$ (30,109)
|
|
$ (82,632)
|
|
$ (59,095)
|
Adjustments to reconcile net loss to net cash provided by (used in)
operating activities:
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
5,437
|
|
3,626
|
|
10,578
|
|
6,938
|
Stock-based compensation expense
|
|
|
23,863
|
|
22,321
|
|
46,410
|
|
43,306
|
Loss on disposal of property and equipment
|
|
|
-
|
|
109
|
|
89
|
|
109
|
Provision (recoveries) for allowance for doubtful accounts
|
|
(19)
|
|
55
|
|
19
|
|
54
|
Allowance for inventory reserves
|
|
|
313
|
|
51
|
|
288
|
|
76
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
Accounts receivable
|
|
|
|
(2,219)
|
|
1,082
|
|
1,298
|
|
(7,900)
|
Inventories
|
|
|
|
(3,398)
|
|
(733)
|
|
(4,002)
|
|
(1,639)
|
Prepaid expenses and other assets
|
|
|
(1,286)
|
|
257
|
|
(2,497)
|
|
58
|
Short term restricted cash
|
|
|
|
|
(305)
|
|
-
|
|
305
|
|
-
|
Accounts payable
|
|
|
|
1,011
|
|
683
|
|
1,770
|
|
3,308
|
Deferred revenue
|
|
|
|
6,846
|
|
11,646
|
|
12,209
|
|
23,458
|
Accrued and other liabilities
|
|
|
5,638
|
|
5,888
|
|
3,798
|
|
(2,104)
|
Net cash provided by (used in) operating activities
|
|
(4,069)
|
|
14,876
|
|
(12,367)
|
|
6,569
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
Purchase of property and equipment
|
|
|
(5,002)
|
|
(5,901)
|
|
(11,778)
|
|
(13,958)
|
Change in restricted cash
|
|
|
|
(1)
|
|
6
|
|
(6)
|
|
4
|
Net cash used in investing activities
|
|
(5,003)
|
|
(5,895)
|
|
(11,784)
|
|
(13,954)
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
Proceeds from exercise of stock options, net of repurchases
|
|
755
|
|
3,135
|
|
1,601
|
|
5,243
|
Proceeds from issuance of stock under employee stock purchase
plan
|
-
|
|
-
|
|
5,568
|
|
7,201
|
Excess tax benefit from employee stock plans
|
|
|
-
|
|
102
|
|
-
|
|
226
|
Net cash provided by financing activities
|
|
755
|
|
3,237
|
|
7,169
|
|
12,670
|
Foreign exchange impact on cash and cash equivalents
|
|
(449)
|
|
(123)
|
|
40
|
|
(125)
|
Net increase (decrease) in cash and cash equivalents
|
(8,766)
|
|
12,095
|
|
(16,942)
|
|
5,160
|
Cash and cash equivalents, beginning of period
|
|
|
202,984
|
|
201,459
|
|
211,160
|
|
208,394
|
Cash and cash equivalents, end of period
|
|
|
$ 194,218
|
|
$ 213,554
|
|
$ 194,218
|
|
$ 213,554
|
Nimble Storage, Inc.
|
Reconciliation of GAAP to Non-GAAP Financial
Measures
|
(In thousands, except per share amounts)
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
|
July 31,
|
|
July 31,
|
|
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
GAAP gross margin
|
|
|
$ 62,743
|
|
$ 52,345
|
|
$ 117,562
|
|
$ 98,840
|
Stock-based compensation
|
|
2,296
|
|
1,964
|
|
4,296
|
|
3,666
|
Non-GAAP gross margin
|
|
|
$ 65,039
|
|
$ 54,309
|
|
$ 121,858
|
|
$ 102,506
|
|
|
|
|
|
|
|
|
|
|
|
GAAP operating margin
|
|
|
$ (39,320)
|
|
$ (29,503)
|
|
$ (81,534)
|
|
$ (58,421)
|
Stock-based compensation
|
|
23,863
|
|
22,321
|
|
46,410
|
|
43,306
|
Non-GAAP operating margin
|
|
|
$ (15,457)
|
|
$ (7,182)
|
|
$ (35,124)
|
|
$ (15,115)
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net loss
|
|
|
|
$ (39,950)
|
|
$ (30,109)
|
|
$ (82,632)
|
|
$ (59,095)
|
Stock-based compensation
|
|
23,863
|
|
22,321
|
|
46,410
|
|
43,306
|
Non-GAAP net loss
|
|
|
$ (16,087)
|
|
$ (7,788)
|
|
$ (36,222)
|
|
$ (15,789)
|
Interest income, net
|
|
|
(47)
|
|
(61)
|
|
(120)
|
|
(129)
|
Provision for income taxes
|
|
338
|
|
288
|
|
655
|
|
500
|
Depreciation and amortization
|
|
5,437
|
|
3,626
|
|
10,578
|
|
6,938
|
Adjusted EBITDA
|
|
|
$ (10,359)
|
|
$ (3,935)
|
|
$ (25,109)
|
|
$ (8,480)
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net loss per share, basic and diluted
|
|
$ (0.47)
|
|
$ (0.38)
|
|
$ (0.99)
|
|
$ (0.76)
|
Stock-based
compensation
|
|
0.28
|
|
0.28
|
|
0.56
|
|
0.56
|
Non-GAAP net loss per share
|
|
$ (0.19)
|
|
$ (0.10)
|
|
$ (0.43)
|
|
$ (0.20)
|
Shares used to compute GAAP net loss per share, basic and
diluted
|
84,482
|
|
78,228
|
|
83,823
|
|
77,381
|
Shares used to compute Non-GAAP net loss per
share
|
84,482
|
|
78,228
|
|
83,823
|
|
77,381
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net cash provided by (used in) operating
activities
|
$ (4,069)
|
|
$ 14,876
|
|
$ (12,367)
|
|
$ 6,569
|
Purchase of property and equipment
|
|
(5,002)
|
|
(5,901)
|
|
(11,778)
|
|
(13,958)
|
Non-GAAP free cash flow
|
|
|
$ (9,071)
|
|
$ 8,975
|
|
$ (24,145)
|
|
$ (7,389)
|
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nimble-storage-announces-second-quarter-2017-results-300317247.html
SOURCE Nimble Storage