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Jan 31, 2023
Nutanix Q2 2023 Earnings Report
Nutanix's Q2 2023 financial performance was solid, driven by its subscription-based business model and demonstrating a balance of topline performance and profitability.
Key Takeaways
Nutanix reported a solid Q2 financial performance with a 23% year-over-year growth in ACV billings and a record free cash flow margin. The company is dealing with an audit committee investigation regarding the use of third-party software, which has led to a delay in filing the 10-Q and an inability to provide expense information.
ACV billings grew by 23% year-over-year.
Annual Recurring Revenue (ARR) increased by 32% year-over-year.
The company is undergoing an audit committee investigation regarding the use of third-party software.
Fiscal year 2023 revenue and ACV billings guidance were raised.
Revenue by Segment
Forward Guidance
Nutanix provided revenue guidance of $430 - $440 million and ACV Billings of $220 - $225 million for Q3 2023. For fiscal year 2023, Nutanix provided revenue guidance of $1.80 - $1.81 billion and ACV Billings of $905 - $915 million.
Positive Outlook
- Reaffirming free cash flow guidance of $100 to $125 million for fiscal year 2023.
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
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