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Nutanix, Inc. (NTNX) SEC Filing 10-Q Quarterly Report for the period ending Saturday, April 30, 2022

Nutanix, Inc.

CIK: 1618732 Ticker: NTNX
Exhibit 99.1

Nutanix Reports Third Quarter Fiscal 2022 Financial Results

Reports 28% YoY ACV Billings Growth and 17% YoY Revenue Growth

Delivers Outperformance Across All Guided Metrics

SAN JOSE, Calif.--(BUSINESS WIRE)--May 25, 2022--Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its third quarter ended April 30, 2022.

“Our third quarter reflected continued solid execution, demonstrating strong year-over-year top and bottom line improvement,” said Rajiv Ramaswami, President and CEO of Nutanix. “Late in the third quarter, we saw an unexpected impact from challenges that limited our upside in the quarter and affected our outlook for the fourth quarter. Increased supply chain delays with our hardware partners account for the significant majority of the impact to our outlook, and higher-than-expected sales rep attrition in the third quarter was also a factor. We don’t believe these challenges reflect any change in demand for our hybrid multicloud platform, and we remain focused on mitigating the impact of these issues and continuing to execute on the opportunity in front of us.”

“I’m excited to be taking on the role of CFO at this important time in Nutanix’s journey,” said Rukmini Sivaraman, CFO of Nutanix. “We continue to see good execution on our building base of subscription renewals, which is helping us drive towards profitable growth.”

Third Quarter Fiscal 2022 Financial Summary

 

Q3 FY’22

Q3 FY’21

Y/Y Change

Annual Contract Value (ACV)1 Billings

$204.7 million

$159.9 million

28%

Annual Recurring Revenue (ARR)2

$1.1 billion

$762.0 million

46%

Average Contract Term3

3.2 years

3.3 years

(0.1) year

Revenue4

$403.7 million

$344.5 million

17%

GAAP Gross Margin

80.2%

78.4%

180 bps

Non-GAAP Gross Margin

83.3%

81.7%

160 bps

GAAP Operating Expenses

$416.2 million

$450.6 million

(8)%

Non-GAAP Operating Expenses

$341.7 million

$361.5 million

(5)%

Free Cash Flow

$(20.1) million

$(71.5) million

$51.4 million


The following information was filed by Nutanix, Inc. (NTNX) on Wednesday, May 25, 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
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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
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Fair Value Measurements - Fair Value Of Financial Assets And Liabilities (Details)
Fair Value Measurements - Non-Recurring Basis (Details)
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Fair Value Measurements - Schedule Of Derivative Liability Measurement Inputs And Valuation Techniques (Details)
Income Taxes
Income Taxes - Additional Information (Details)
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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)
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Overview And Basis Of Presentation
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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: 0000950170-22-011081
Submitted to the SEC: Thu Jun 02 2022 4:08:29 PM EST
Accepted by the SEC: Thu Jun 02 2022
Period: Saturday, April 30, 2022
Industry: Prepackaged Software

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