Nutanix Q4 2021 Earnings Report
Key Takeaways
Nutanix reported a strong fourth quarter and fiscal year, with record ACV billings and revenue. The company's consistent execution and solid progress across financial and strategic objectives led to outperformance across all guided metrics.
ACV billings reached $176.3 million, a 26% year-over-year increase.
Revenue was $390.7 million, up 19% year-over-year.
Annual Recurring Revenue (ARR) grew to $878.7 million, an 83% increase year-over-year.
The company formed a strategic partnership with Red Hat to deliver open hybrid multicloud solutions.
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Nutanix
Nutanix Revenue by Segment
Forward Guidance
Nutanix provided guidance for the first quarter of fiscal year 2022, including ACV Billings between $172 million and $177 million, a non-GAAP gross margin of approximately 81.5%, non-GAAP operating expenses between $365 million and $370 million, and weighted average shares outstanding of approximately 216 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income