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Nutanix, Inc. (NTNX) SEC Filing 10-Q Quarterly Report for the period ending Friday, April 30, 2021

Nutanix, Inc.

CIK: 1618732 Ticker: NTNX
Exhibit 99.1

Nutanix Reports Third Quarter Fiscal 2021 Financial Results

Delivers Record ACV Billings Aided by Strong Emerging Product Attach Rate

Drives Outperformance Across All Guided Metrics with Consistent Execution

SAN JOSE, Calif.--(BUSINESS WIRE)--May 26, 2021--Nutanix, Inc. (NASDAQ: NTNX), a leader in private, hybrid and multicloud computing, today announced financial results for its third quarter ended April 30, 2021.

“I am delighted with our strong quarterly results. For the third quarter in a row, we delivered outperformance across all guided metrics and demonstrated our ability to execute consistently,” said Rajiv Ramaswami, President and CEO of Nutanix. “We are also pleased with our progress on key priorities, including bolstering our ecosystem with our extended partnership with Lenovo, continued momentum with our core cloud software platform and an increased attach rate of our emerging products.”

“We saw record ACV billings, with growth accelerating to 18 percent year-over-year, while our disciplined spending delivered operating expenses below our guidance,” said Duston Williams, CFO of Nutanix. “Our growing renewals pipeline will help to drive future top line growth, offer substantial sales and marketing efficiencies, and increase the predictability in our business.”

Third Quarter Fiscal 2021 Financial Summary

 

Q3 FY’21

Q3 FY’20

Y/Y Change

Annual Contract Value (ACV)1 Billings

$159.9 million

$135.3 million

18%

Run-rate Annual Contract Value (ACV)2

$1.45 billion

$1.15 billion

25%

Average Contract Term3

3.3 years

3.8 years

(0.5) year

Revenue4

$344.5 million

$318.3 million

8%

GAAP Gross Margin

78.4%

77.3%

110 bps

Non-GAAP Gross Margin

81.7%

80.7%

100 bps

GAAP Operating Expenses

$450.6 million

$476.2 million

(5)%

Non-GAAP Operating Expenses

$361.5 million

$390.3 million

(7)%

Free Cash Flow

$(71.5) million

$(117.5) million

$46.0 million

Reconciliations between GAAP and non-GAAP financial measures and key performance measures are provided in the tables of this press release.


The following information was filed by Nutanix, Inc. (NTNX) on Wednesday, May 26, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Nutanix, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Stockholders' Equity (Deficit)
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Additional Information (Details)
Balance Sheet Components - Schedule Of Accrued Compensation Benefits (Details)
Balance Sheet Components - Schedule Of Accrued Expenses And Other Current Liabilities (Details)
Balance Sheet Components - Schedule Of Finite-Lived Intangible Assets, Future Amortization Expense (Details)
Balance Sheet Components - Schedule Of Intangible Assets, Net (Details)
Balance Sheet Components - Schedule Of Investments In Marketable Debt Securities, By Contractual Maturity Date (Details)
Balance Sheet Components - Schedule Of Prepaid Expenses And Other Current Assets (Details)
Balance Sheet Components - Schedule Of Property And Equipment, Net (Details)
Balance Sheet Components - Schedule Of Property And Equipment, Net (Parenthetical) (Details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Additional Information (Details)
Convertible Senior Notes - Components Of Notes (Details)
Convertible Senior Notes - Components Of Notes (Parenthetical) (Details)
Convertible Senior Notes - Interest Expense Recognized (Details)
Convertible Senior Notes - Net Proceeds From Notes (Details)
Equity Incentive Plans
Equity Incentive Plans (Tables)
Equity Incentive Plans - Additional Information (Details)
Equity Incentive Plans - Espp (Details)
Equity Incentive Plans - Rsu (Details)
Equity Incentive Plans - Stock Based Compensation Expense (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Fair Value Of Financial Assets And Liabilities (Details)
Fair Value Measurements - Non-Recurring Basis (Details)
Fair Value Measurements - Schedule Of Changes In Derivative Liability (Details)
Fair Value Measurements - Schedule Of Derivative Liability Measurement Inputs And Valuation Techniques (Details)
Income Taxes
Income Taxes - Additional Information (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Remaining Maturity Under Topic 842 (Details)
Leases - Supplemental Balance Sheet (Details)
Leases - Supplemental Cash Flow And Other Information (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Antidilutive Securities (Details)
Net Loss Per Share - Computation Of Basic And Diluted Net Loss Per Share (Details)
Overview And Basis Of Presentation
Overview And Basis Of Presentation (Policies)
Overview And Basis Of Presentation (Tables)
Overview And Basis Of Presentation - Additional Information (Details)
Overview And Basis Of Presentation - Schedules Of Concentration Of Revenue And Accounts Receivable (Details)
Revenue, Deferred Revenue And Deferred Commissions
Revenue, Deferred Revenue And Deferred Commissions (Tables)
Revenue, Deferred Revenue And Deferred Commissions - Additional Information (Details)
Revenue, Deferred Revenue And Deferred Commissions - Deferred Revenue, By Arrangement, Disclosure (Details)
Revenue, Deferred Revenue And Deferred Commissions - Revenue By Arrangement, Disclosure (Details)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Schedule Of Revenue By Geographic Area (Details)
Stockholders' Equity
Stockholders' Equity - Additional Information (Details)
Ticker: NTNX
CIK: 1618732
Form Type: 10-Q Quarterly Report
Accession Number: 0000950170-21-000299
Submitted to the SEC: Thu Jun 03 2021 4:20:27 PM EST
Accepted by the SEC: Thu Jun 03 2021
Period: Friday, April 30, 2021
Industry: Prepackaged Software

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