Nutanix reports Q2 ACV billings up 23% YoY, but delays 10-Q due to software license investigation

Nutanix, Inc.

2023-Q2 EPS reported -$0.74 revenue$920,104,000

ACV Billings $267.6M (+23% YoY); ARR $1.38B (+32%); Revenue $486.5M (+18%).
Record free cash flow $63.0M vs $17.2M YoY; net cash from ops $74.1M.
Raises FY2023 guidance: Revenue $1.80-1.81B, ACV Billings $905-915M.
Audit Committee investigating unauthorized use of third-party evaluation software; expects delayed 10-Q filing.
Investor Day rescheduled to summer 2023; no expense or Q3 guidance provided due to investigation.

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 0.95

Nutanix, Inc. reported second quarter ended January 31, 2023 results: revenue $486.5 million. Guidance raised.

Period: second quarter ended January 31, 2023
Revenue: $486.5 million
Guidance: raised
Result: preliminary results

Exact text from the filing

1 Billings $267.6 million $217.9 million 23% Annual Recurring Revenue (ARR) 2 $1.38 billion $1.04 billion 32% Average Contract Term 3 3.0 years 3.1 years (0.1) year Revenue 4 $486.5 million $413.1 million 18% Net Cash Provided by Operating Activities $74.1 million $25.8 million $48.3 million Free Cash Flow $63.0 million $17.2 million $45.8 million A reconciliation

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Source: SEC EDGAR

accession 0001157523-23-000398

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