Apr 30, 2021

Nutanix Q3 2021 Earnings Report

Delivered record ACV billings aided by strong emerging product attach rate and drove outperformance across all guided metrics with consistent execution.

Key Takeaways

Nutanix reported strong Q3 FY2021 financial results, outperforming across all guided metrics. Record ACV billings were achieved, with growth accelerating to 18% year-over-year, while disciplined spending led to operating expenses below guidance. The company also progressed on key priorities, such as bolstering its ecosystem with an extended partnership with Lenovo and driving increased attach rates of emerging products.

Record ACV billings were achieved, with growth accelerating to 18% year-over-year.

Disciplined spending delivered operating expenses below guidance.

Extended partnership with Lenovo to deliver As-a-Service Solution for Hosted Desktops.

Extended Nutanix Cloud Platform to AWS GovCloud.

Total Revenue
$345M
Previous year: $318M
+8.2%
EPS
-$0.41
Previous year: -$0.69
-40.6%
Customers
1.45B
Previous year: 1.12B
+29.2%
Gross Profit
$270M
Previous year: $246M
+9.8%
Free Cash Flow
-$71.5M
Previous year: -$117M
-39.1%
Total Assets
$2.27B
Previous year: $1.77B
+27.8%

Nutanix

Nutanix

Nutanix Revenue by Segment

Forward Guidance

Nutanix provided guidance for the fourth quarter of fiscal year 2021

Revenue & Expenses

Visualization of income flow from segment revenue to net income