March 03, 2015 11:38 PM ET

Technology Hardware, Storage and Peripherals

Company Overview of Nimble Storage, Inc.

Company Overview

Nimble Storage, Inc. provides flash-optimized hybrid storage platform. The company’s software and storage systems handle various mainstream applications, including virtual desktops, databases, email, collaboration, and analytics. It offers systems that provide adaptive performance for high-input/output and high-capacity mainstream business applications and environments, such as Exchange, Oracle, SharePoint, SQL Server, virtual desktop infrastructure, and server virtualization. The company sells its products through a network of value added resellers and distributors to a range of industries comprising cloud-based service providers, education, financial services, healthcare, manufacturing, st...

211 River Oaks Parkway

San Jose, CA 95134

United States

Founded in 2007

Phone:

408-432-9600

Key Executives for Nimble Storage, Inc.

Chairman and Chief Executive Officer
Age: 43
Total Annual Compensation: $331.3K
Founder, Vice President of Engineering and Director
Age: 52
Total Annual Compensation: $238.8K
Chief Financial Officer
Age: 44
Total Annual Compensation: $240.0K
Vice President of Sales
Age: 47
Total Annual Compensation: $190.0K
Compensation as of Fiscal Year 2014.

Nimble Storage, Inc. Key Developments

Nimble Storage, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the Fiscal First Quarter of 2016

Nimble Storage, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company reported total revenue of $68,269,000 compared to $41,720,000 a year ago. Loss from operations was $23,393,000 against $12,813,000 a year ago. Loss before provision for income taxes was $24,445,000 against $12,980,000 a year ago. Net loss attributable to common stockholders was $24,745,000 against $13,158,000 a year ago. Net loss per share attributable to common stockholders, basic and diluted was $0.33 against $0.29 a year ago. Net cash provided by operating activities was $8,609,000 against $2,185,000 a year ago. Purchase of property and equipment was $7,980,000 against $5,461,000 a year ago. Non-GAAP net loss was $9,810,000 against $9,051,000 a year ago. Non-GAAP net loss per share was $0.13 against $0.14 a year ago. Adjusted EBITDA was $6,848,000 against $7,143,000 a year ago. Free cash flow was positive $0.6 million compared to negative free cash flow of $3.3 million a year ago. For the full year, the company reported total revenues of $227,673,000 compared to $125,733,000 a year ago. Loss from operations was $96,077,000 against $42,569,000 a year ago. Loss before provision for income taxes was $98,009,000 against $42,698,000 a year ago. Net loss attributable to common stockholders was $98,846,000 against $43,159,000 a year ago. Net loss per share attributable to common stockholders, basic and diluted was $1.37 against $1.61 a year ago. Net cash provided by operating activities was $5,376,000 against net cash used in operating activities of $6,742,000 a year ago. Purchase of property and equipment was $20,820,000 against $13,613,000 a year ago. Non-GAAP net loss was $41,779,000 against $33,974,000 a year ago. Non-GAAP net loss per share was $0.58 against $0.56 a year ago. Adjusted EBITDA was $32,328,000 against $29,393,000 a year ago. Free cash flow was negative $15.4 million compared to $20.4 million a year ago. The company provided earnings guidance for the fiscal first quarter of 2016. The company expects total revenue in the range of $68 million to $70 million, non-GAAP operating loss in the range of $9 million to $10 million, non-GAAP operating loss in the range of $9 million to $10 million and non-GAAP net loss per basic and diluted share in the range of $0.13 to $0.14.

Nimble Storage, Inc. Presents at Pacific Crest 10th Annual Emerging Technology Summit 2015, Mar-03-2015 10:00 AM

Nimble Storage, Inc. Presents at Pacific Crest 10th Annual Emerging Technology Summit 2015, Mar-03-2015 10:00 AM. Venue: Park Central Hotel, San Francisco, California, United States.

Nimble Storage Moves into its New Triangle Offices at Newcastle South, 1015 Swabia Court in Durham

Nimble Storage moved into its new Triangle offices January 9 at Newcastle South, 1015 Swabia Court in Durham. The company initially planned to take over half of the 87,000-square-foot building. The company changed its mind, signing a deferred lease for the rest of the structure. That means Nimble will start leasing the other half next year. And the new space reflects the open culture, he adds, with "glass and openness." An outdoor courtyard has been fitted with Wi-Fi, meaning employees currently working out of the space can enjoy the sunshine. Already, 95 people work at Nimble in the Triangle. Prakash says the expectation was to be at about 70 or 80 people by this point. The side of the building the company is currently leasing can hold about 135 people, he says, including a training lab and break room.

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