Nutanix Q1 FY23: ACV billings +27% YoY, first positive non-GAAP operating income

Nutanix, Inc.

2022-Q1 EPS reported -$0.43 revenue$433,609,000

ACV Billings $231.9M (+27% YoY), ARR $1.28B (+34% YoY), revenue $433.6M (+15% YoY).
Non-GAAP operating income of $10.6M (first positive quarter) vs $(41.9)M loss in prior year.
GAAP operating loss improved to $(80.3)M from $(137.3)M; free cash flow $45.8M vs $(1.9)M.
GAAP gross margin 81.0% (+250 bps); non-GAAP gross margin 83.4% (+130 bps).
CEO cited NC2 on Azure GA and strength of subscription model driving outperformance.

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 first quarter ended October 31, 2022 results: revenue $433.6 million.

Period: first quarter ended October 31, 2022
Revenue: $433.6 million
Result: reported results

Exact text from the filing

1 Billings $231.9 million $183.3 million 27% Annual Recurring Revenue (ARR) 2 $1.28 billion $952.6 million 34% Average Contract Term 3 3.0 years 3.1 years (0.1) year Revenue 4 $433.6 million $378.5 million 15% GAAP Gross Margin 81.0% 78.5% 250 bps Non-GAAP Gross Margin 83.4% 82.1% 130 bps GAAP Operating Expenses $431.4 million $434.3 million (1)% Non-GAAP Operating

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Source: SEC EDGAR

accession 0001157523-22-001693

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