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Jul 31, 2020
Nutanix Q4 2020 Earnings Report
Nutanix reported strong Q4 results, marked by subscription transition progress and solid ACV billings growth.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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