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Nutanix, Inc. (NTNX) SEC Filing 10-Q Quarterly report for the period ending Tuesday, April 30, 2019

Nutanix, Inc.

CIK: 1618732 Ticker: NTNX

Exhibit 99.1

Nutanix Reports Third Quarter Fiscal 2019 Financial Results

--Delivers Strong Growth in Subscription Revenue as Company Accelerates Business Model Transition

--Increases Billings from Subscriptions to 65% of Total Billings, Up from 41% in Q3’18

--Grows Deals that Include Offerings Beyond Core HCI to 23%1

SAN JOSE, Calif.--(BUSINESS WIRE)--May 30, 2019--Nutanix, Inc. (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced financial results for its third quarter of fiscal 2019, ended April 30, 2019.

Q3 Fiscal 2019 Financial Highlights

  • Revenue: $287.6 million (at 77.1% non-GAAP gross margin), down from $289.4 million (at 68.4% non-GAAP gross margin) in the third quarter of fiscal 2018
  • Billings: $346.0 million, down from $351.2 million in the third quarter of fiscal 2018
  • Software and Support Revenue: $265.8 million, up 17% year-over-year from $226.8 million in the third quarter of fiscal 2018
  • Software and Support Billings: $324.2 million, up 11% year-over-year from $292.0 million in the third quarter of fiscal 2018
  • Gross Margin: GAAP gross margin of 73.9%, up from 67.0% in the third quarter of fiscal 2018; Non-GAAP gross margin of 77.1%, up from 68.4% in the third quarter of fiscal 2018
  • Net Loss: GAAP net loss of $209.8 million, compared to a GAAP net loss of $85.7 million in the third quarter of fiscal 2018; Non-GAAP net loss of $103.0 million, compared to a non-GAAP net loss of $34.6 million in the third quarter of fiscal 2018
  • Net Loss Per Share: GAAP net loss per share of $1.15, compared to a GAAP net loss per share of $0.51 in the third quarter of fiscal 2018; Non-GAAP net loss per share of $0.56, compared to a non-GAAP net loss per share of $0.21 in the third quarter of fiscal 2018
  • Cash and Short-term Investments: $940.8 million, up from $923.5 million in the third quarter of fiscal 2018
  • Deferred Revenue: $838.3 million, up 55% from the third quarter of fiscal 2018
  • Operating Cash Flow: Use of $36.5 million, compared to generation of $13.3 million in the third quarter of fiscal 2018
  • Free Cash Flow: Use of $58.9 million, compared to use of $0.8 million in the third quarter of fiscal 2018

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

“While we faced a top-line impact in our third quarter as we continue to execute our strategic shift toward a recurring revenue business model, our strong foundation and commitment to our customers position us well for the long term,” said Dheeraj Pandey, Chairman, Founder and CEO of Nutanix. “Successful businesses are built over time on a bedrock of exceptional products, outstanding customer support and talented and committed employees. With solid sales hiring in Q3 and increased adoption of our AHV hypervisor, indicating a strong product and enthusiastic customers, I truly believe Nutanix has that foundation in place.”


The following information was filed by Nutanix, Inc. (NTNX) on Thursday, May 30, 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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Inside this 10-Q Quarterly Report

Document And Entity Information
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 Statement
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Accrued Compensation Benefits (Details)
Balance Sheet Components - Accrued Liabilities (Details)
Balance Sheet Components - Future Amortization Expense (Details)
Balance Sheet Components - Goodwill (Details)
Balance Sheet Components - Intangible Assets (Details)
Balance Sheet Components - Other Assets Noncurrent (Details)
Balance Sheet Components - Property, Plant And Equipment (Details)
Balance Sheet Components - Short-Term Investments (Details)
Business Combinations
Business Combinations (Tables)
Business Combinations - Additional Information (Details)
Business Combinations - Preliminary Aggregate Purchase Price Allocation (Details)
Commitments And Contingencies
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Convertible Senior Notes
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Fair Value Measurements - Fair Value Of Financial Assets And Liabilities (Details)
Fair Value Measurements - Level 3 Roll Forward (Details)
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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
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Related Party Transactions
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Revenue, Deferred Revenue And Deferred Commissions
Revenue, Deferred Revenue And Deferred Commissions (Tables)
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Revenue, Deferred Revenue And Deferred Commissions - Deferred Revenue/Commissions (Details)
Revenue, Deferred Revenue And Deferred Commissions - Schedule Of Revenue (Details)
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Segment Information (Tables)
Stockholders??? Equity
Stockholders??? Equity (Details)
Ticker: NTNX
CIK: 1618732
Form Type: 10-Q Quarterly Report
Accession Number: 0001618732-19-000060
Submitted to the SEC: Wed Jun 05 2019 4:38:07 PM EST
Accepted by the SEC: Wed Jun 05 2019
Period: Tuesday, April 30, 2019
Industry: Prepackaged Software

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