secwatch.observer — SEC 8-K summary
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Issuer:     Nutanix, Inc. (NTNX)
CIK:        0001618732
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001157523-22-001693
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618732/000115752322001693/0001157523-22-001693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618732/000115752322001693/a52988982.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001693

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer