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Jul 31, 2023
Nutanix Q4 2023 Earnings Report
Nutanix's Q4 2023 financial results were reported, demonstrating strong growth in ACV billings and free cash flow.
Key Takeaways
Nutanix reported a strong Q4 and fiscal year 2023, with significant year-over-year growth in ACV billings and improvements in profitability and free cash flow. The board also authorized a $350 million stock repurchase program.
ACV Billings increased by 44% year-over-year to $278.7 million.
Annual Recurring Revenue (ARR) grew by 30% year-over-year to $1.56 billion.
Revenue increased by 28% year-over-year to $494.2 million.
Free cash flow was $45.5 million, compared to $23.2 million in the same quarter last year.
Revenue by Segment
Forward Guidance
Nutanix provided its outlook for Q1 2024.
Positive Outlook
- ACV Billings: $260 - $270 million
- Revenue: $495 - $505 million
- Non-GAAP Gross Margin: ~84%
- Non-GAAP Operating Margin: 9% to 11%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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