Nutanix Q3 FY2023 ACV Billings +17% YoY, completes audit probe, files Q2 10-Q

Nutanix, Inc.

2023-Q3 EPS reported -$1.04 revenue$1,368,685,000

Q3 ACV Billings $239.8M (+17% YoY); ARR $1.47B (+32%); Revenue $448.6M (+11%).
Non-GAAP operating income $7.0M vs loss $5.8M; Free cash flow $42.5M vs ($20.1M).
Audit committee found non-compliant evaluation software use over multi-year period.
Cumulative $11M expense accrued; ongoing annual impact low-single-digit millions.
Material weakness in internal controls identified; filed delinquent Q2 FY2023 10-Q.

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 third quarter ended April 30, 2023 results: revenue $448.6 million.

Period: third quarter ended April 30, 2023
Revenue: $448.6 million
Result: reported results

Exact text from the filing

cal 2023 Financial Summary Q3 FY’23 Q3 FY’22* Y/Y Change Annual Contract Value (ACV) 1 Billings $239.8 million $204.7 million 17% Annual Recurring Revenue (ARR) 2 $1.47 billion $1.11 billion 32% Average Contract Term 3 3.0 years 3.2 years (0.2) year Revenue 4 $448.6 million $403.7 million 11% GAAP Gross Margin 81.4% 80.2% 120 bps Non-GAAP Gross Margin 83.8% 83.3% 50 bps GAAP Operating Expenses $434.1 million $416.5 million 4% Non-GAAP Operating Expenses $369.1 million $342.1 million 8% GAAP Operating Loss $(68.9) million $(92.7) million $23.8 million Non-GAAP Operating Income (Loss) $7.0 million $(5.8) million $12.8 million GAAP Operating Margin (15.3)% (23.0)% 7.7% pts Non-GAAP Operating Margin 1.6% (1.4)% 3.0% pts Net Cash Provided by (Used in) Operating Activities $64.3 million $(3.2) million $67.5 million Free Cash Flow $42.5 million $(20.1) million $62.6 million * Q3 FY’22 results r

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Source: SEC EDGAR

accession 0001157523-23-000905

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