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Nutanix
🇺🇸 NASDAQ:NTNX
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OverviewEarningsDividends
•
Jan 31, 2021

Nutanix Q2 2021 Earnings Report

Delivered record ACV billings, exceeded guidance across all metrics, and continued momentum with Run-rate ACV up 28% year-over-year.

Key Takeaways

Nutanix delivered a strong quarter, exceeding guidance on all metrics. Record ACV billings were achieved, with a 14% year-over-year growth, bolstered by emerging products. Progress was made on the transition to subscription, and a disciplined approach to managing operating expenses was maintained.

Delivered a strong quarter across the board, exceeding guidance on all metrics and continuing momentum with key customer wins and solid execution.

Delivered record ACV billings with growth of 14 percent year-over-year, bolstered by the strength of emerging products.

Continued to make progress on our transition to subscription and maintained disciplined approach to managing operating expenses, which were lower than expected this quarter.

Continued to execute on our transformation and are confident Nutanix is well positioned for long-term value creation.

Total Revenue
$346M
Previous year: $347M
-0.1%
EPS
-$0.37
Previous year: -$0.6
-38.3%
Customers
1.38B
Previous year: 15.88K
+8690076.3%
Gross Profit
$275M
Cash and Equivalents
$299M
Previous year: $212M
+41.1%
Free Cash Flow
-$28.5M
Previous year: -$73.7M
-61.4%

Nutanix

Nutanix

Nutanix Revenue by Segment

Forward Guidance

Nutanix provided guidance for the third quarter of fiscal year 2021.

Positive Outlook

  • ACV Billings are expected to be between $150 million and $155 million
  • Non-GAAP Gross Margin is expected to be approximately 81%
  • Non-GAAP Operating Expenses are expected to be between $365 million and $370 million
  • Weighted Average Shares Outstanding are expected to be approximately 207 million
  • Company expects to see continued growth in the subscription based business model

Challenges Ahead

  • The transition to a subscription-based business model will slow revenue growth during such transition and make forecasting future performance more difficult
  • The timing and magnitude of orders, shipments and acceptance of solutions in any given quarter could fluctuate significantly
  • Changes in the pricing of certain components of the company's solutions could impact results
  • Fluctuations in demand and competitive pricing pressures for solutions could impact results
  • Delays in or lack of customer or market acceptance of new products, services, product features or technology could impact results

Company Overview

Full financial data and analysis

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