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Apr 30, 2024
Nutanix Q3 2024 Earnings Report
Nutanix reported solid Q3 results with strong ARR growth and year-to-date free cash flow, outperforming across all guided metrics.
Key Takeaways
Nutanix announced its Q3 Fiscal Year 2024 financial results, showcasing a 24% year-over-year growth in ARR and strong free cash flow generation. The company's performance exceeded expectations across all guided metrics for the third quarter.
ARR grew 24% year-over-year, reaching $1.82 billion.
Revenue increased by 17% year-over-year, totaling $524.6 million.
Free cash flow for the quarter was $78.3 million.
Nutanix expanded partnerships with NVIDIA and Dell Technologies to enhance hybrid multicloud solutions.
Revenue by Segment
Forward Guidance
Nutanix anticipates ACV billings between $295 and $305 million and revenue between $530 and $540 million for the fourth quarter of fiscal year 2024. They also expect a non-GAAP gross margin of 85% to 86% and a non-GAAP operating margin of 9% to 10%.
Positive Outlook
- ACV Billings: $295 - $305 million
- Revenue: $530 - $540 million
- Non-GAAP Gross Margin: 85% to 86%
- Non-GAAP Operating Margin: 9% to 10%
- Weighted Average Shares Outstanding (Diluted): Approximately 302 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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