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Apr 30, 2022
Nutanix Q3 2022 Earnings Report
Reported solid execution with strong year-over-year top and bottom line improvement.
Key Takeaways
Nutanix reported a 17% year-over-year increase in revenue, reaching $403.7 million, and a 28% increase in ACV billings. The company experienced challenges from supply chain delays and sales rep attrition, but remains focused on mitigating these issues and executing on its opportunities.
ACV Billings grew 28% year-over-year to $204.7 million.
Annual Recurring Revenue (ARR) increased 46% year-over-year to $1.1 billion.
Revenue increased 17% year-over-year to $403.7 million.
Free cash flow improved by $51.4 million 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 provided the following outlook for the fourth quarter of fiscal year 2022: ACV Billings are expected to be between $175 million and $185 million. Revenue is projected to be between $340 million and $360 million. Non-GAAP Gross Margin is expected to be approximately 79% to 80%. Non-GAAP Operating Expenses are anticipated to be between $360 million and $365 million. Weighted Average Shares Outstanding are expected to be approximately 225 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income