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Jan 31, 2022
Nutanix Q2 2022 Earnings Report
Reported 37% YoY ACV Billings Growth and 19% YoY Revenue Growth
Key Takeaways
Nutanix's second quarter demonstrated solid execution with strong year-over-year top and bottom-line improvement. Record ACV billings were achieved, growing 37% year-over-year, and revenue grew 19% year-over-year. The company saw good execution on its building base of subscription renewals and generated positive free cash flow.
ACV billings grew 37% year-over-year.
Revenue increased by 19% year-over-year.
ARR reached $1.04 billion, a 55% increase year-over-year.
Generated positive free cash flow, reflecting progress on the subscription model.
Nutanix
Nutanix
Forward Guidance
Nutanix provided the following outlook for the third quarter of fiscal year 2022: ACV Billings are expected to be $195 - $200 million and Revenue is expected to be $395 - $400 million.