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Nutanix, Inc. (NTNX) SEC Filing 10-Q Quarterly report for the period ending Friday, January 31, 2020

Nutanix, Inc.

CIK: 1618732 Ticker: NTNX
 
Exhibit 99.1


Nutanix Reports Second Quarter Fiscal 2020 Financial Results

-- Delivers Record TCV Billings and Revenue as Company Continues Growth Amidst Faster Than Expected Subscription Transition

-- Grows New Product Attach Rate to 31%, Up from 21% as of Q2 FY’19; Increases TCV Billings from New Products by 99% YoY

SAN JOSE, Calif.--(BUSINESS WIRE)--February 26, 2020--Nutanix, Inc. (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced financial results for the second quarter of fiscal 2020 ended January 31, 2020.

Q2 Fiscal 2020 Financial Highlights

  • Revenue: $346.8 million, up from $335.4 million in the second quarter of fiscal 20191
  • Billings: $428.1 million, up from $413.4 million in the second quarter of fiscal 20191
  • Software and Support (TCV)2 Revenue: $338.2 million, up 14% year-over-year from $297.4 million in the second quarter of fiscal 20191
  • Software and Support (TCV)2 Billings: $419.5 million, up 12% year-over-year from $375.5 million in the second quarter of fiscal 20191
  • Gross Margin: GAAP gross margin of 78.3%, up from 74.4% in the second quarter of fiscal 2019; Non-GAAP gross margin of 81.4%, up from 76.8% in the second quarter of fiscal 2019
  • Net Loss: GAAP net loss of $217.6 million, compared to a GAAP net loss of $122.8 million in the second quarter of fiscal 2019; Non-GAAP net loss of $116.3 million, compared to a non-GAAP net loss of $40.4 million in the second quarter of fiscal 2019
  • Net Loss Per Share: GAAP net loss per share of $1.13, compared to a GAAP net loss per share of $0.68 in the second quarter of fiscal 2019; Non-GAAP net loss per share of $0.60, compared to a non-GAAP net loss per share of $0.23 in the second quarter of fiscal 2019
  • Cash and Short-term Investments: $819.0 million, compared to $965.9 million in the second quarter of fiscal 2019
  • Deferred Revenue: $1.06 billion, up 35% from the second quarter of fiscal 2019
  • Operating Cash Flow: Use of $52.5 million, compared to generation of $38.5 million in the second quarter of fiscal 2019
  • Free Cash Flow: Use of $73.7 million, compared to use of $4.1 million in the second quarter of fiscal 2019

The following information was filed by Nutanix, Inc. (NTNX) on Wednesday, February 26, 2020 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

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??? Equity Statement
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Accrued Compensation Benefits (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)
Commitments And Contingencies
Commitments And Contingencies (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Additional Information (Details)
Convertible Senior Notes - Components Of Notes (Details)
Convertible Senior Notes - Interest Expense (Details)
Convertible Senior Notes - Proceeds From Notes (Details)
Equity Award Plans
Equity Award Plans (Tables)
Equity Award Plans - Additional Information (Details)
Equity Award Plans - Espp (Details)
Equity Award Plans - Rsu (Details)
Equity Award Plans - Stock Based Compensation Expense (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Fair Value Of Financial Assets And Liabilities (Details)
Fair Value Measurements - Non-Recurring Basis (Details)
Income Taxes
Income Taxes (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Remaining Maturity Under Topic 840 (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 - Antidilutive Securities (Details)
Net Loss Per Share - Computation Of Basic And Diluted Net Loss Per Share (Details)
Overview And Basis Of Presentation
Overview And Basis Of Presentation (Details)
Overview And Basis Of Presentation (Policies)
Overview And Basis Of Presentation (Tables)
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/Commissions (Details)
Revenue, Deferred Revenue And Deferred Commissions - Schedule Of Revenue (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Stockholders??? Equity
Stockholders??? Equity (Details)
Ticker: NTNX
CIK: 1618732
Form Type: 10-Q Quarterly Report
Accession Number: 0001618732-20-000012
Submitted to the SEC: Thu Mar 05 2020 5:18:42 PM EST
Accepted by the SEC: Thu Mar 05 2020
Period: Friday, January 31, 2020
Industry: Prepackaged Software

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