Nutanix Q2 FY24: Revenue $565M, ARR +26% YoY, first GAAP operating profit

Nutanix, Inc.

2024-Q2 EPS reported $0.09 revenue$1,076,287,000

ARR reached $1.74B, up 26% YoY; ACV billings $329.5M, up 23% YoY.
Revenue $565.2M (+16% YoY); GAAP operating income $37M vs loss $56.5M prior year.
Non-GAAP operating income $123.9M; free cash flow $162.6M vs $63M a year ago.
GAAP gross margin 85.6% (82.2% Q2 FY23); non-GAAP 87.3% (84.8%).
CEO cites disciplined execution; CFO notes first-time GAAP operating profitability.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nutanix, Inc. reported second fiscal quarter ended January 31, 2024 results: revenue $565.2 million.

Period: second fiscal quarter ended January 31, 2024
Revenue: $565.2 million
Result: reported results

Exact text from the filing

Billings $329.5 million $267.6 million 23% Annual Recurring Revenue (ARR) 2 $1.74 billion $1.38 billion 26% Average Contract Duration 3 2.8 years 3.0 years (0.2) year Revenue 4 $565.2 million $486.5 million 16% GAAP Gross Margin 85.6% 82.2% 340 bps Non-GAAP Gross Margin 87.3% 84.8% 250 bps GAAP Operating Expenses $446.6 million $456.2 million (2)% Non-GAAP Operating

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Source: SEC EDGAR

accession 0000950170-24-022061

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