-- Delivered 84% of Billings from Subscription During Continued Transition to Subscription Business Model with 340 Basis Point YoY Improvement in Gross Margins

-- Proactive Operating Expense Management Aided Bottom-Line Results

SAN JOSE, Calif.--(BUSINESS WIRE)--May 27, 2020--Nutanix, Inc. (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced financial results for the third quarter of fiscal 2020 ended April 30, 2020.

Q3 Fiscal 2020 Financial Highlights

Revenue: $318.3 million, up 11% year-over-year from $287.6 million in the third quarter of fiscal 2019¹
Billings: $383.5 million, up 11% year-over-year from $346.0 million in the third quarter of fiscal 2019¹
Software and Support (TCV)² Revenue: $314.5 million, up 18% year-over-year from $265.8 million in the third quarter of fiscal 2019
Software and Support (TCV)² Billings: $379.7 million, up 17% year-over-year from $324.2 million in the third quarter of fiscal 2019
Gross Margin: GAAP gross margin of 77.3%, up from 73.9% in the third quarter of fiscal 2019; Non-GAAP gross margin of 80.7%, up from 77.1% in the third quarter of fiscal 2019
Net Loss: GAAP net loss of $240.7 million, compared to a GAAP net loss of $209.8 million in the third quarter of fiscal 2019; Non-GAAP net loss of $135.2 million, compared to a non-GAAP net loss of $103.0 million in the third quarter of fiscal 2019
Net Loss Per Share: GAAP net loss per share of $1.23, compared to a GAAP net loss per share of $1.15 in the third quarter of fiscal 2019; Non-GAAP net loss per share of $0.69, compared to a non-GAAP net loss per share of $0.56 in the third quarter of fiscal 2019
Cash and Short-term Investments: $732.1 million, down from $940.8 million in the third quarter of fiscal 2019
Deferred Revenue: $1.12 billion, up 34% from the third quarter of fiscal 2019
Operating Cash Flow: Use of $84.9 million, compared to use of $36.5 million in the third quarter of fiscal 2019
Free Cash Flow: Use of $117.5 million, compared to use of $58.9 million in the third quarter of fiscal 2019

The following information was filed by Nutanix, Inc. (NTNX) on Wednesday, May 27, 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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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Nutanix, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: NTNX
CIK: 1618732
Form Type: 10-Q Quarterly Report
Accession Number: 0001618732-20-000051
Submitted to the SEC: Thu Jun 04 2020 4:39:59 PM EST
Accepted by the SEC: Thu Jun 04 2020
Period: Thursday, April 30, 2020
Industry: Prepackaged Software