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Nimble Storage Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2017 10-K, filed Mar 24, 2017. Its latest SEC filing is a SC 13G/A from Feb 14, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Sells flash storage arrays, converged infrastructure and cloud storage services to enterprises and cloud-based service providers.

How Did They Make Money?

Customers pay for software-enabled storage products when they ship and can buy support plans covering one to five years. Nimble also offers a pay-as-you-go storage service billed monthly based on data consumed.

FY2017 revenue

Who Were Their Customers?

Mid-sized and large enterprises and cloud-based service providers buy Nimble's storage systems. The company sells through resellers, system integrators and distributors, while its sales force also works with end-customers.

Did Revenues Turn Into Profits?

No. It lost $158.3M in FY2017.

Operating income, FY2017
−39% of revenue
▲ +32% (Loss) vs FY2016 (−$118.6M, −37%)
Net income, FY2017
−39% of revenue
▲ +32% (Loss) vs FY2016 (−$120.1M, −37%)

How Were They Changing?

Since the FY2017 annual report
  • Apr 17, 2017 HPE completed its acquisition of Nimble Storage Nimble became a wholly owned HPE subsidiary; aggregate consideration was approximately $1.0 billion, net of cash acquired.

Grew. Revenue grew 7.5x in 4 years, from $53.8M in FY2013 to $402.6M in FY2017, about 65% a year.

Who Did They Compete With?

Competes with Dell Technologies, HPE, NetApp, and Pure Storage

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