Hyperconvered infrastructure company Nutanix Inc. today said it soundly beat market expectations with its fiscal first-quarter results.

The company, which sells an enterprise cloud platform that converges servers, virtualization and storage into integrated product that can connect to public cloud services, reported a loss after certain costs such as stock compensation of $24.7 million, or 16 cents per share. That compares with a loss of $26 million, or 20 cents per share, a year ago. Revenue jumped 46 percent, to $275.6 million.

The results blew past Wall Street analysts’ consensus of an adjusted loss of 26 cents per share on revenue of $266.9 million. Shareholders reacted positively to the news, as Nutanix’s share price ticked up almost 3 percent in after-hours trading.

Nutanix also delivered some solid figures on customer growth during the quarter. It said it had signed up 760 new customers, including ConocoPhillips and Toyota Motor North America Inc., bringing its total customer base to 7,813. Of those new clients, 49 signed on for deals worth more than $1 million, which is up 36 percent from a year ago. The company added that its billings for the quarter totaled $315.3 million, up 32 percent year-over-year.

The results are the company’s first since it announced at its Nutanix .NEXT EU conference in Nice, France, that it was effectively rebranding itself as a “complete enterprise cloud company” rather than a provider of infrastructure products and services.

Nutanix Chief Executive Officer Dheeraj Pandey (pictured) told shareholders that the firm’s continued growth was being driven by the firm’s “strong instinct for go-to-market” and a differentiated roadmap for hybrid cloud. “Over the coming quarters we will thoughtfully adopt a software-centric strategy,” he said.

Nutanix also provided guidance for its fiscal 2018 second quarter, saying it expects a net loss of 20 to 22 cents per share on revenue of $280 million to $285 million.

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