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Oct 31, 2023
Nutanix Q1 2024 Earnings Report
Nutanix reported a solid first quarter financial performance with 24% YoY ACV billings growth and strong free cash flow, outperforming across all guided metrics.
Key Takeaways
Nutanix delivered a strong first quarter, demonstrating the value of its Cloud Platform and subscription model. The company saw 24% year-over-year ACV billings growth and strong free cash flow generation.
Delivered solid financial performance against an uncertain macro backdrop.
Achieved 24% year-over-year ACV billings growth.
Generated strong free cash flow.
Nutanix Hybrid Multicloud Platform Recognized as a Leader
Nutanix
Nutanix
Nutanix Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Nutanix anticipates continued growth and profitability in the coming periods.
Positive Outlook
- ACV Billings $295 - $305 million
- Revenue $545 - $555 million
- Non-GAAP Gross Margin 85-86%
- Non-GAAP Operating Margin 14% to 16%
- Free Cash Flow $340 - $360 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income