Nutanix Q4 2020 Earnings Report
Key Takeaways
Nutanix reported Q4 2020 financial results with revenue up 9% year-over-year to $327.9 million and ACV billings up 13% year-over-year to $139.9 million. The company made significant progress on its subscription transition, with 88% of billings coming from subscriptions, and delivered a record 83% non-GAAP gross margin. Nutanix also announced a $750 million investment in convertible notes from Bain Capital Private Equity.
Revenue was $327.9 million, up 9% year-over-year.
ACV billings were $139.9 million, up 13% year-over-year.
Non-GAAP gross margin reached a record 83.0%.
Nutanix announced a $750 million investment from Bain Capital Private Equity.
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Nutanix Revenue by Segment
Forward Guidance
Nutanix is shifting its guidance to Annual Contract Value (ACV) billings instead of Total Contract Value (TCV) billings and revenue.