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Nutanix, Inc. (NTNX) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, July 31, 2019

Nutanix, Inc.

CIK: 1618732 Ticker: NTNX
Exhibit 99.1

Nutanix Reports Fourth Quarter and Fiscal 2019 Financial Results

-- Delivers 71% of Billings from Subscriptions and Record 80% Gross Margin, Highlighting the Company’s Shift to Subscription Business Model

-- Grows Deals that Include Offerings Beyond Core HCI to 26%1

-- Expands Customer Base to Over 14,000 with 16% QoQ Growth in Number of Deals Over $1M and Strong QoQ Growth in New Global 2000 Customers

SAN JOSE, Calif.--(BUSINESS WIRE)--August 28, 2019--Nutanix, Inc. (Nasdaq: NTNX), a leader in enterprise cloud computing, today announced financial results for its fourth quarter and fiscal year ended July 31, 2019.

Q4 Fiscal 2019 Financial Highlights

  • Revenue: $299.9 million, down from $303.7 million in the fourth quarter of fiscal 2018, reflecting the reduction of pass-thru hardware from $35.9 million in the fourth quarter of fiscal 2018 to $13.0 million in the fourth quarter of fiscal 2019, and the revenue compression from the company’s ongoing transition to subscription
  • Billings: $371.7 million, down from $395.1 million in the fourth quarter of fiscal 2018, reflecting the reduction of pass-thru hardware from $35.9 million in the fourth quarter of fiscal 2018 to $13.0 million in the fourth quarter of fiscal 2019, and the billings compression from the company’s ongoing transition to subscription
  • Software and Support Revenue: $286.9 million, up 7% year-over-year from $267.9 million in the fourth quarter of fiscal 2018, reflecting the revenue compression from the company’s ongoing transition to subscription
  • Software and Support Billings: $358.7 million, down slightly year-over-year from $359.2 million in the fourth quarter of fiscal 2018, reflecting the billings compression from the company’s ongoing transition to subscription
  • Gross Margin: GAAP gross margin of 77.0%, up from 75.9% in the fourth quarter of fiscal 2018; Non-GAAP gross margin of 80.0%, up from 77.7% in the fourth quarter of fiscal 2018
  • Net Loss: GAAP net loss of $194.3 million, compared to a GAAP net loss of $87.4 million in the fourth quarter of fiscal 2018; Non-GAAP net loss of $105.8 million, compared to a non-GAAP net loss of $19.0 million in the fourth quarter of fiscal 2018
  • Net Loss Per Share: GAAP net loss per share of $1.04, compared to a GAAP net loss per share of $0.51 in the fourth quarter of fiscal 2018; Non-GAAP net loss per share of $0.57, compared to a non-GAAP net loss per share of $0.11 in the fourth quarter of fiscal 2018
  • Cash and Short-term Investments: $908.8 million, down from $934.3 million in the fourth quarter of fiscal 2018
  • Deferred Revenue: $910.0 million, up 44% from the fourth quarter of fiscal 2018
  • Operating Cash Flow: Use of $9.7 million, compared to generation of $22.7 million in the fourth quarter of fiscal 2018
  • Free Cash Flow: Use of $33.3 million, compared to generation of $6.5 million in the fourth quarter of fiscal 2018

The following information was filed by Nutanix, Inc. (NTNX) on Wednesday, August 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-K Annual 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-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Convertible Preferred Stock And Stockholders??? (Deficit) Equity
Consolidated Statements Of Operations
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 - Intangible Assets (Details)
Balance Sheet Components - Prepaid Expenses And Other Current Assets (Details)
Balance Sheet Components - Property, Plant And Equipment (Details)
Balance Sheet Components - Short-Term Investments (Details)
Balance Sheet Components Balance Sheet Components - Goodwill (Details)
Balance Sheet Components Balance Sheet Components - Other Assets, Non-Current (Details)
Business Combinations
Business Combinations (Tables)
Business Combinations - Additional Information (Details)
Business Combinations - Minjar Acquisition (Details)
Business Combinations - Netsil Acquisition (Details)
Business Combinations - Preliminary Aggregate Purchase Price Allocation (Details)
Business Combinations Business Combinations - Mainframe2, Inc. (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Debt
Debt - Additional Information (Details)
Debt - Components Of Debt (Details)
Debt - Interest Expense Recognized (Details)
Debt - Proceeds From Debt (Details)
Debt Debt (Tables)
Equity Award Plans
Equity Award Plans (Tables)
Equity Award Plans - Additional Information (Details)
Equity Award Plans - Determination Of Fair Value (Details)
Equity Award Plans - Espp (Details)
Equity Award Plans - Rsu (Details)
Equity Award Plans - Stock Based Compensation Expense (Details)
Equity Award Plans - Stock Options (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Fair Value Of Financial Assets And Liabilities (Details)
Fair Value Measurements - Level 3 Roll Forward (Details)
Fair Value Measurements Fair Value Measurements - Convertible Senior Notes (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Schedule Of Income Before Provision For Income Taxes, Domestic And Foreign (Details)
Income Taxes - Schedule Of Provision For Income Taxes, Current And Deferred (Details)
Income Taxes Income Taxes - Schedule Of Unrecognized Tax Benefits (Details)
Net Loss And Unaudited Net Loss Per Share Attributable To Common Stockholders
Net Loss And Unaudited Net Loss Per Share Attributable To Common Stockholders (Tables)
Net Loss And Unaudited Net Loss Per Share Attributable To Common Stockholders - Antidilutive Securities (Details)
Net Loss And Unaudited Net Loss Per Share Attributable To Common Stockholders - Computation Of Basic And Diluted Net Loss Per Share (Details)
Overview And Summary Of Significant Accounting Policies
Overview And Summary Of Significant Accounting Policies (Policies)
Overview And Summary Of Significant Accounting Policies (Tables)
Overview And Summary Of Significant Accounting Policies - Additional Information (Details)
Overview And Summary Of Significant Accounting Policies - Concentration Risk (Details)
Overview And Summary Of Significant Accounting Policies - Schedule Of Allowance For Doubtful Accounts (Details)
Related Party Transactions
Related Party Transactions (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 - Changes In Deferred Revenue (Details)
Revenue, Deferred Revenue And Deferred Commissions - Disaggregation Of Revenue (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited) (Details)
Selected Quarterly Financial Data (Unaudited) (Tables)
Stockholders??? Equity
Stockholders??? Equity (Details)
Stockholders??? Equity Stockholders' Equity (Tables)
Ticker: NTNX
CIK: 1618732
Form Type: 10-K Annual Report
Accession Number: 0001618732-19-000114
Submitted to the SEC: Tue Sep 24 2019 4:18:58 PM EST
Accepted by the SEC: Tue Sep 24 2019
Period: Wednesday, July 31, 2019
Industry: Prepackaged Software

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