Exhibit 99.1

Nutanix Reports Second Quarter Fiscal 2019 Financial Results

--Continued Shift to Recurring Revenue Model with 57% of Billings from Subscriptions

--Subscription Revenue Up 112% YoY to $157 Million

--21% of Deals Include Offerings Beyond Core HCI1

--Record AHV adoption of 40%1

SAN JOSE, Calif.--(BUSINESS WIRE)--February 28, 2019--

Nutanix, Inc. (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced financial results for its second quarter of fiscal 2019, ended January 31, 2019.

Q2 Fiscal 2019 Financial Highlights

  • Revenue: $335.4 million (at 76.8% non-GAAP gross margin), up from $286.7 million (at 63.5% non-GAAP gross margin) in the second quarter of fiscal 2018
  • Billings: $413.4 million, up from $355.9 million in the second quarter of fiscal 2018
  • Software and Support Revenue: $297.4 million, growing 42% year-over-year from $208.7 million in the second quarter of fiscal 2018
  • Software and Support Billings: $375.5 million, growing 37% year-over-year from $274.5 million in the second quarter of fiscal 2018
  • Gross Margin: GAAP gross margin of 74.4%, up from 62.2% in the second quarter of fiscal 2018; Non-GAAP gross margin of 76.8%, up from 63.5% in the second quarter of fiscal 2018
  • Net Loss: GAAP net loss of $122.8 million, compared to a GAAP net loss of $62.6 million in the second quarter of fiscal 2018; Non-GAAP net loss of $40.4 million, compared to a non-GAAP net loss of $23.2 million in the second quarter of fiscal 2018
  • Net Loss Per Share: GAAP net loss per share of $0.68, compared to a GAAP net loss per share of $0.39 in the second quarter of fiscal 2018; Non-GAAP net loss per share of $0.23, compared to a non-GAAP net loss per share of $0.14 in the second quarter of fiscal 2018
  • Cash and Short-term Investments: $965.9 million, up from $918.3 million in the second quarter of fiscal 2018
  • Deferred Revenue: $779.9 million, up 63% from the second quarter of fiscal 2018
  • Operating Cash Flow: $38.5 million, compared to $46.4 million in the second quarter of fiscal 2018
  • Free Cash Flow: Use of $4.1 million, compared to the generation of $32.4 million in the second quarter of fiscal 2018

The following information was filed by Nutanix, Inc. (NTNX) on Thursday, February 28, 2019 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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