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Nutanix, Inc. (NTNX) SEC Filing 10-Q Quarterly Report for the period ending Monday, January 31, 2022

Nutanix, Inc.

CIK: 1618732 Ticker: NTNX
 
 Exhibit 99.1

Nutanix Reports Second Quarter Fiscal 2022 Financial Results

Reports 37% YoY ACV Billings Growth and 19% YoY Revenue Growth

Renewals Growth Helps Drive Record ACV Billings

SAN JOSE, Calif.--(BUSINESS WIRE)--March 2, 2022--Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its second quarter ended January 31, 2022.

“Our second quarter reflected continued solid execution, demonstrating strong year-over-year top and bottom-line improvement,” said Rajiv Ramaswami, President and CEO of Nutanix. “We also see growing momentum towards adoption of hybrid multicloud models and believe the recent launch of our hybrid multicloud solution portfolio will strengthen our ability to deliver the solutions our customers need.”

“In our second quarter, we achieved record ACV billings, which grew 37% year-over-year, and saw 19% year-over-year revenue growth,” said Duston Williams, CFO of Nutanix. “We saw good execution on our building base of subscription renewals and generated positive free cash flow in the quarter - both reflections of continued progress on our subscription model.”

Second Quarter Fiscal 2022 Financial Summary

 

Q2 FY’22

Q2 FY’21

Y/Y Change

Annual Contract Value (ACV)1 Billings

$217.9 million

$159.2 million

37%

Annual Recurring Revenue (ARR)2

$1.04 billion

$672.8 million

55%

Run-rate Annual Contract Value (ACV)3

$1.68 billion

$1.38 billion

21%

Average Contract Term4

3.1 years

3.4 years

(0.3) year

Revenue5

$413.1 million

$346.4 million

19%

GAAP Gross Margin

80.6%

79.5%

110 bps

Non-GAAP Gross Margin

83.8%

82.7%

110 bps

GAAP Operating Expenses

$427.5 million

$431.7 million

(1)%

Non-GAAP Operating Expenses

$347.3 million

$353.5 million

(2)%

Free Cash Flow

$17.2 million

$(28.5) million

$45.7 million


The following information was filed by Nutanix, Inc. (NTNX) on Wednesday, March 2, 2022 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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Nutanix, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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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' 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 Debt (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 - Additional Information (Details)
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)
Segment Information - Schedule Of Sets Forth Long-Lived Assets Include Property And Equipment, Net (Details)
Stockholders' Equity
Stockholders' Equity - Additional Information (Details)
Ticker: NTNX
CIK: 1618732
Form Type: 10-Q Quarterly Report
Accession Number: 0000950170-22-003363
Submitted to the SEC: Thu Mar 10 2022 4:11:11 PM EST
Accepted by the SEC: Thu Mar 10 2022
Period: Monday, January 31, 2022
Industry: Prepackaged Software

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