earnings
confidence high
sentiment negative
materiality 0.80
Nutanix Q3 FY22: ACV Billings up 28% to $204.7M; ARR $1.1B; revenue $403.7M; guides lower on supply chain delays
Nutanix, Inc.
2023-Q3 EPS reported
-$2.96
revenue$1,195,256,000
- ACV billings $204.7M (+28% YoY); ARR $1.1B (+46% YoY); revenue $403.7M (+17% YoY).
- GAAP gross margin 80.2% (up 180 bps); non-GAAP gross margin 83.3% (up 160 bps).
- GAAP operating expenses down 8% to $416.2M; free cash flow improved to -$20.1M from -$71.5M.
- CEO cites unexpected supply chain delays with hardware partners and higher sales rep attrition as headwinds to Q4 outlook.
- Rukmini Sivaraman comments as CFO; company reiterates focus on profitable growth.