Nutanix Q1 FY2024: ACV Billings +24% YoY to $287M; Non-GAAP OI $79.5M

Nutanix, Inc.

2024-Q1 EPS reported -$0.07 revenue$511,054,000

ACV Billings $287.2M, up 24% YoY; ARR $1.66B, up 30% YoY.
Revenue $511.1M (+18% YoY); GAAP operating loss narrowed to $(5.7)M from $(80.7)M.
Non-GAAP operating income $79.5M vs. $10.2M a year ago; free cash flow $132.5M up from $45.8M.
GAAP gross margin 84.0% (up 300 bps); non-GAAP gross margin 85.9% (up 250 bps).
Management cited solid execution, large market opportunity, and ramping partnerships.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.