Exhibit 99.1

Nutanix Reports First Quarter Fiscal 2019 Financial Results

--Software and Support Billings Grow 50% YoY to $351 Million

--Company Evolves Toward a Recurring Revenue Model with 51% of Billings from Subscriptions--Up from 31% in the Year-Ago Period

--Subscription Revenue Up 104% YoY to $127 Million

SAN JOSE, Calif.--(BUSINESS WIRE)--November 27, 2018--Nutanix, Inc. (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced financial results for its first quarter of fiscal 2019, ended October 31, 2018.

Q1 Fiscal 2019 Financial Highlights

  • Revenue: $313.3 million (at 78.6% non-GAAP gross margin), up from $275.6 million (at 61.9% non-GAAP gross margin) in the first quarter of fiscal 2018. This reflects the elimination of approximately $104 million in pass-through hardware revenue in the first quarter of fiscal 2019, up from $8 million in the first quarter of fiscal 2018, as the company nears the completion of its shift toward increasing software revenue1
  • Billings: $383.6 million, up from $315.3 million in the first quarter of fiscal 2018. This reflects the elimination of approximately $104 million in pass-through hardware revenue in the first quarter of fiscal 2019, up from $8 million in the first quarter of fiscal 2018, as the company nears the completion of its shift toward increasing software revenue1
  • Software and Support Revenue: $280.7 million, growing 44% year-over-year from $194.7 million in the first quarter of fiscal 2018
  • Software and Support Billings: $351.0 million, growing 50% year-over-year from $234.5 million in the first quarter of fiscal 2018
  • Gross Margin: GAAP gross margin of 76.3%, up from 60.6% in the first quarter of fiscal 2018; Non-GAAP gross margin of 78.6%, up from 61.9% in the first quarter of fiscal 2018
  • Net Loss: GAAP net loss of $94.3 million, compared to a GAAP net loss of $61.5 million in the first quarter of fiscal 2018; Non-GAAP net loss of $23.7 million, compared to a non-GAAP net loss of $24.7 million in the first quarter of fiscal 2018
  • Net Loss Per Share: GAAP net loss per share of $0.54, compared to a GAAP net loss per share of $0.39 in the first quarter of fiscal 2018; Non-GAAP net loss per share of $0.13, compared to a non-GAAP net loss per share of $0.16 in the first quarter of fiscal 2018
  • Cash and Short-term Investments: $965.0 million, up 164% from the first quarter of fiscal 2018
  • Deferred Revenue: $701.8 million, up 72% from the first quarter of fiscal 2018
  • Operating Cash Flow: $49.8 million, compared to $10.1 million in the first quarter of fiscal 2018
  • Free Cash Flow: $20.0 million, compared to negative free cash flow of $7.9 million in the first quarter of fiscal 2018

The following information was filed by Nutanix, Inc. (NTNX) on Tuesday, November 27, 2018 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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