December 22, 2014 8:56 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

592 Employees

Phone:

408-432-9600

Key Executives for Nimble Storage, Inc.

Chairman and Chief Executive Officer
Age: 43
Total Annual Compensation: $331.3K
Founder
Age: 52
Total Annual Compensation: $238.8K
Chief Financial Officer and Principal Accounting 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 Third Quarter and Nine Months Ended October 31, 2014; Provides Earnings Guidance for the Fourth Quarter of 2015

Nimble Storage, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2014. For the quarter, the company reported total revenue of $59.096 million compared to $33.411 million a year ago. Loss from operations was $27.128 million against $10.371 million a year ago. Loss before provision for income taxes was $28.170 million against $10.060 million a year ago. Net loss attributable to common stockholders was $28.389 million against $10.146 million a year ago. Net loss per share attributable to common stockholders, basic and diluted was $0.39 against $0.48 a year ago. Net cash used in operating activities was $6.522 million against $0.271 million a year ago. Purchase of property and equipment was $4.933 million against $4.726 million a year ago. Non-GAAP net loss was $10.983 million against $7.871 million a year ago. Non-GAAP net loss per share was $0.15 against $0.13 a year ago. Adjusted EBITDA was $10.983 million against $6.860 million a year ago. For the nine months, the company reported total revenues of $159.404 million compared to $84.013 million a year ago. Loss from operations was $72.684 million against $29.756 million a year ago. Loss before provision for income taxes was $73.564 million against $29.718 million a year ago. Net loss attributable to common stockholders was $74.101 million against $30.001 million a year ago. Net loss per share attributable to common stockholders, basic and diluted was $1.04 against $1.46 a year ago. Net cash used in operating activities was $3.233 million $8.927 million a year ago. Purchase of property and equipment was $12.840 million against $8.152 million a year ago. Non-GAAP net loss was $31.969 million against $24.923 million a year ago. Non-GAAP net loss per share was $0.45 against $0.42 a year ago. Adjusted EBITDA was $25.480 million against $22.250 million a year ago. For the fiscal fourth quarter of 2015, the company expects total revenue of $65 million to $67 million. Non-GAAP operating loss is expected to be in the range of $9.5 million to $10.5 million. Adjusted EBITDA loss is expected to be in the range of $7.0 million to $8.0 million. Non-GAAP net loss is expected to be in the range of $0.14 to $0.15 per share.

Nimble Storage Announces Availability of Fibre Channel Protocol Support for the CS-Series Arrays

Nimble Storage announced availability of Fibre Channel protocol support for the CS-series arrays. The Nimble Adaptive Flash platform empowers IT organizations to predict, manage and deliver the storage required to optimize business applications and workloads across the enterprise. Nimble Storage announced the availability of Fibre Channel protocol support for the CS-series arrays. The Nimble Adaptive Flash platform empowers IT organizations to predict, manage and deliver the storage required to optimize business applications and workloads across the enterprise. Today's announcement marks a significant milestone, enabling Nimble to effectively address enterprise-wide storage requirements and quadruple the addressable market the company is now able to serve. With this announcement, Nimble also introduced significant expansion of the scalability limits for its CS-series array clusters. Leveraging a combination of increased shelf count, denser Hard Disk Drives (HDDs) and denser Solid State Drives (SSDs), Nimble now enables enterprises to scale non-disruptively to over 1.6PBs of raw capacity and over 160TBs of flash per cluster to handle very large datasets while maintaining the highest levels of responsiveness. Enterprises are under pressure to keep pace with increasing user expectations and place a premium on maintaining service level agreements (SLA) and achieving peak workload performance. To maintain compliance with SLAs, enterprise IT organizations have provisioned storage in alignment with the unique performance and capacity requirements of individual workloads, exacerbating storage silo sprawl, increasing cost and complexity and exposing the business to risk. The Nimble Adaptive Flash platform addresses this challenge by effectively consolidating enterprise workloads onto a single storage array. Nimble's unique scale-to-fit architecture is purpose-built to scale storage performance and capacity in line with workload requirements and InfoSight, the company's powerful and intuitive cloud-based management and analytics engine, provides the proactive insight required to scale application environments in an informed, intelligent manner. The recently introduced Nimble CS300, CS500 and CS700 series arrays now offer both iSCSI and Fibre Channel protocol support. To effectively test and validate the expanded protocol support in real world environments, Nimble initiated and completed a formal beta program with more than 40 enterprises which resulted in customers purchasing and deploying Fibre Channel-based arrays in production environments. Customers reported high levels of satisfaction with the ease of deployment and ability to consolidate a broad range of enterprise applications and workloads, all within a single efficient and compact platform. For Power Integrations Nimble's new Fibre Channel-enabled arrays offer a faster path to consolidating the company's mix of business-critical applications, including Oracle and virtual servers, off its legacy storage infrastructure.

Nimble Storage, Inc. Presents at Barclays Capital Global Technology Conference, Dec-09-2014 11:00 AM

Nimble Storage, Inc. Presents at Barclays Capital Global Technology Conference, Dec-09-2014 11:00 AM. Venue: Palace Hotel, 2 New Montgomery Street, San Francisco, California, United States. Speakers: Suresh Vasudevan, Chairman and Chief Executive Officer.

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