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Nutanix, Inc. (NTNX) SEC Filing 10-K Annual report for the fiscal year ending Friday, July 31, 2020

Nutanix, Inc.

CIK: 1618732 Ticker: NTNX
Exhibit 99.1

Nutanix Reports Fourth Quarter and Fiscal 2020 Financial Results

-- Makes Strong Progress on Subscription Transition with 88% of Billings from Subscriptions and Record 83% Non-GAAP Gross Margin

-- Delivers Solid ACV Billings of $140 Million, up 13% YoY

-- Announces Investment of $750 Million in Convertible Notes from Bain Capital Private Equity

-- Announces Dheeraj Pandey’s CEO Succession Plan

SAN JOSE, Calif.--(BUSINESS WIRE)--August 27, 2020--Nutanix, Inc. (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced financial results for its fourth quarter and fiscal year ended July 31, 2020.

Q4 Fiscal 2020 Financial Highlights

  • Revenue: $327.9 million, up 9% year-over-year from $299.9 million in the fourth quarter of fiscal 20191
  • Billings: $388.5 million, up 5% year-over-year from $371.7 million in the fourth quarter of fiscal 20191
  • Software and Support (TCV)2 Revenue: $326.5 million, up 14% year-over-year from $286.9 million in the fourth quarter of fiscal 2019
  • Software and Support (TCV)2 Billings: $387.1 million, up 8% year-over-year from $358.7 million in the fourth quarter of fiscal 2019
  • Annual Contract Value (ACV)3 Billings: $139.9 million, up 13% year-over-year from $123.6 million in the fourth quarter of fiscal 2019
  • Run-rate (Book of Business) Annual Contract Value (ACV)4: $1.22 billion, up 29% year-over-year from $944.4 million as of the fourth quarter of fiscal 2019
  • Gross Margin: GAAP gross margin of 79.6%, up from 77.0% in the fourth quarter of fiscal 2019; Non-GAAP gross margin of 83.0%, up from 80.0% in the fourth quarter of fiscal 2019
  • Net Loss: GAAP net loss of $185.3 million, compared to a GAAP net loss of $194.3 million in the fourth quarter of fiscal 2019; Non-GAAP net loss of $79.0 million, compared to a non-GAAP net loss of $105.8 million in the fourth quarter of fiscal 2019
  • Net Loss Per Share: GAAP net loss per share of $0.93, compared to a GAAP net loss per share of $1.04 in the fourth quarter of fiscal 2019; Non-GAAP net loss per share of $0.39, compared to a non-GAAP net loss per share of $0.57 in the fourth quarter of fiscal 2019
  • Cash and Short-term Investments: $719.8 million, down from $908.8 million in the fourth quarter of fiscal 2019
  • Deferred Revenue: $1.18 billion, up 30% from the fourth quarter of fiscal 2019
  • Operating Cash Flow: Generation of $3.6 million, compared to use of $9.7 million in the fourth quarter of fiscal 2019
  • Free Cash Flow: Use of $13.8 million, compared to use of $33.3 million in the fourth quarter of fiscal 2019

The following information was filed by Nutanix, Inc. (NTNX) on Thursday, August 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-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 Nutanix, Inc.'s 10-K Annual Report:
Ticker: NTNX
CIK: 1618732
Form Type: 10-K Annual Report
Accession Number: 0001618732-20-000112
Submitted to the SEC: Wed Sep 23 2020 4:35:42 PM EST
Accepted by the SEC: Wed Sep 23 2020
Period: Friday, July 31, 2020
Industry: Prepackaged Software

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