---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001693"
form_type: "8-K"
ticker: "NTNX"
cik: "0001618732"
company_name: "Nutanix, Inc."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:41:05.854285+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-22-001693
- form_type: 8-K
- ticker: NTNX
- cik: 0001618732
- company_name: Nutanix, Inc.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618732/000115752322001693/0001157523-22-001693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618732/000115752322001693/a52988982.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001693
- JSON: https://secwatch.observer/filing/0001157523-22-001693.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001693.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618732/000115752322001693/0001157523-22-001693-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.