earnings
confidence high
sentiment positive
materiality 0.80
Nutanix Q3 FY2024: ARR $1.82B (+24% YoY), revenue $524.6M (+17%), beats guidance
Nutanix, Inc.
2024-Q3 EPS reported
$0.05
revenue$1,600,864,000
- ARR grew 24% YoY to $1.82B; ACV billings up 20% to $288.9M.
- Revenue $524.6M (+17% YoY); GAAP gross margin 84.8% (+320 bps).
- GAAP operating loss narrowed to $11.6M from $58.6M; non-GAAP OI $73.3M.
- Free cash flow $78.3M vs $52.7M YoY; year-to-date FCF strong.
- Company cited disciplined execution and generative AI innovation as growth drivers.