Cloud Computing Firm Nutanix Posts Smaller-Than-Expected Loss by Reuters @FortuneMagazine November 29, 2016, 6:40 PM EST E-mail Tweet Facebook Linkedin Share icons Data center hardware firm Nutanix reported a smaller-than-expected loss in the company’s first quarterly results since its initial public offering in September. Excluding items, the company reported a loss of 37 cents per share for the first quarter, smaller than the average analyst loss estimate of 44 cents, according to Thomson Reuters. Nutanix ntnx , which has been unprofitable for the past few years, said it expects revenue at between $175 million and $180 million in the current quarter. Analysts on average were expecting $168.38 million. Get Data Sheet, Fortune’s technology newsletter. The company, whose customers include AT&T t , Best Buy bby , Yahoo yhoo and Hyundai hymtf , added about 705 end-customers during the first quarter, taking its total customer count to 4,473. Nutanix’s net loss widened to $162.17 million, or $2.18 per share, in the quarter ended Oct. 31, from $38.54 million, or 90 cents per share, a year earlier. Total revenue, however, nearly doubled to $166.8 million, which also beat an estimate of $152.25 million. These Two Tech Companies Are Teaming Up to Improve the Cloud Product revenue, which accounts for more than 75% of the total revenue, jumped 84.2% to $129.66 million. The company’s shares have soared 41% this month. The stock was down 3.2% in extended trading on Tuesday.