Nimble Storage total revenue up 21% YoY

Nimble Storage (NYSE: NMBL) reported total revenue increased 21 percent to USD86.4 million for the first quarter of fiscal 2017, up from USD71.3 million in the first quarter of fiscal 2016, the company said.

GAAP gross margin for the first quarter of fiscal 2017 was 63.4 percent compared to 65.2 percent in the first quarter of fiscal 2016.

Non-GAAP gross margin for the first quarter of fiscal 2017 was 65.7 percent compared to 67.6 percent in the first quarter of fiscal 2016.

GAAP operating loss was USD42.2 million for the first quarter of fiscal 2017, compared to a loss of USD28.9 million in the first quarter of fiscal 2016.

Non-GAAP operating loss was USD19.7 million for the first quarter of fiscal 2017, compared to a loss of USD7.9 million in the first quarter of fiscal 2016.

GAAP net loss for the first quarter of fiscal 2017 was USD42.7 million, or USD0.51 per basic and diluted share, compared with a net loss in the first quarter of fiscal 2016 of USD29.0 million, or USD0.38 per basic and diluted share.

Non-GAAP net loss for the first quarter of fiscal 2017 was USD20.1 million, or USD0.24 per basic and diluted share, compared with a net loss of USD8.0 million in the first quarter of fiscal 2016, or USD0.10 per basic and diluted share.

Nimble Storage supplies predictive flash storage solutions. It 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.