Loading...
•
Oct 31, 2020
Nutanix Q1 2021 Earnings Report
Delivered a strong start to the fiscal year with ACV Billings up 10% YoY and grew Run-rate ACV to $1.3 Billion, up 29% YoY.
Key Takeaways
Nutanix reported strong financial results for the first quarter of fiscal year 2021, marked by increased adoption of new products and continued growth in core hyperconverged infrastructure software. Key financial metrics, including ACV billings and run-rate ACV, outperformed expectations due to the company's ACV-first strategy and solid go-to-market execution.
ACV billings grew by 10% year-over-year.
Run-rate ACV increased by 29% year-over-year.
Reached record-high new ACV from new products, up 87% year-over-year.
Entered into a partnership with Microsoft Azure to deliver a hybrid cloud solution.
Revenue by Segment
Forward Guidance
Nutanix provided the following outlook for the second quarter of fiscal year 2021:
Positive Outlook
- ACV Billings: $145-$148 million
- Non-GAAP Gross Margin: Approximately 81.5%
- Non-GAAP Operating Expenses: $360-$370 million
- Weighted Shares Outstanding: Approximately 202 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...