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Jan 31, 2020
Nutanix Q2 2020 Earnings Report
Nutanix's financial results for Q2 2020 were announced, revealing record TCV billings and revenue amidst a faster-than-expected subscription transition.
Key Takeaways
Nutanix reported Q2 fiscal year 2020 financial results with revenue of $346.8 million, up from $335.4 million in the second quarter of fiscal 2019. The company saw a GAAP net loss of $217.6 million, compared to a GAAP net loss of $122.8 million in the second quarter of fiscal 2019.
Revenue was $346.8 million, an increase from $335.4 million in Q2 2019.
Software and Support (TCV) Revenue was $338.2 million, up 14% year-over-year.
GAAP net loss was $217.6 million, compared to a GAAP net loss of $122.8 million in Q2 2019.
New product attach rate grew to 31%, up from 21% in Q2 2019, with TCV billings from new products increasing by 99% year-over-year.
Nutanix
Nutanix
Nutanix Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.comNon-Portable Software Revenue
CapyFin.com Forward Guidance
Nutanix’s TCV guidance for both the third quarter of fiscal 2020 and the full year of fiscal 2020 is impacted by the much faster than expected transition to subscription coupled with a more cautious view on business activities in the greater APJ region due to the anticipated impact of the coronavirus.