Have you evaluated the performance of Nutanix's (NTNX) international operations for the quarter ending April 2024? Given the extensive global presence of this enterprise cloud platform services provider, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37883 NUTANIX, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...

Investors in Nutanix, Inc. (NTNX) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $17.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

Core Insights - Nutanix reported strong Q3 earnings but provided disappointing Q4 revenue guidance, leading to a significant drop in stock price [1][2] - The company achieved a 17% year-over-year sales increase, reaching $524.5 million, and adjusted earnings rose from $0.04 to $0.28 per diluted share, surpassing analyst expectations [2] - Q4 revenue guidance was set at a maximum of $540 million, falling short of the market's expectation of $546 million [2] Financial Performance - Q3 sales increased to $524.5 million, a 17% rise year-over-year [2] - Adjusted earnings per diluted share increased to $0.28, compared to $0.04 in the previous year [2] - Analysts had anticipated earnings of approximately $0.16 per share on revenue near $517 million [2] Market Reaction - Following the earnings report, Nutanix shares fell by 22% [1] - The stock had previously gained 149% in the 52 weeks leading up to the Q3 update, indicating high investor expectations [2] - Despite the price drop, Nutanix shares are still trading at 49 times adjusted earnings, which is considered high given the company's annualized revenue growth below 20% [3] Industry Position - Nutanix is actively involved in the AI sector, forming partnerships and securing contracts for cloud-based AI systems management [3] - The company faces longer sales cycles with larger, more bureaucratic clients, which may delay revenue from AI contracts until 2025 and beyond [3] Investment Consideration - The stock may present a buying opportunity, but further price corrections could occur after upcoming earnings reports [4] - A strategy of purchasing shares in thirds is suggested to mitigate the impact of market volatility [4]

Nutanix (NTNX) reported third-quarter fiscal 2024 non-GAAP earnings of 28 cents per share, which surpassed the Zacks Consensus Estimate by 64.71%. The company had delivered an adjusted earnings per share of 4 cents in the year-ago quarter.Nutanix’s revenues climbed 17% year over year to $524.6 million, beating the Zacks Consensus Estimate by 1.64% and the guided range of $510-$520 million.The top line was primarily driven by growth in NTNX’s core hyper-converged infrastructure software and the solid adoptio ...

Financial Data and Key Metrics Changes - Nutanix reported quarterly revenue of $525 million, exceeding the guided range of $510 million to $520 million, representing a year-over-year growth rate of 17% [18] - Annual Recurring Revenue (ARR) grew 24% year-over-year to $1.82 billion [8][18] - Non-GAAP gross margin was 86.5%, higher than the guided range of approximately 85% [19] - Non-GAAP operating margin was 14%, exceeding the guided range of 7.5% to 8.5% [19] - Free cash flow in Q3 was $78 million, representing a free cash flow margin of 15% [20] Business Line Data and Key Metrics Changes - ACV billings in Q3 were $289 million, above the guided range of $265 million to $275 million, representing year-over-year growth of 20% [18] - The company experienced modestly elongated average sales cycles compared to historical levels, with average contract duration in Q3 being three years, higher than Q2 [18] Market Data and Key Metrics Changes - The number of opportunities greater than $1 million in ACV in the pipeline has grown at higher than 30% for each of the last three quarters compared to the corresponding quarters last year [23] - The dollar amount of pipeline from opportunities greater than $1 million in ACV has grown at well over 50% for each of the last three quarters compared to the corresponding quarters last year [23] Company Strategy and Development Direction - Nutanix is focusing on enhancing the functionality of its cloud platform and broadening partnerships, particularly in support of modern applications and enterprise AI [12] - The company announced partnerships with Hugging Face and NVIDIA to enhance its enterprise AI offerings [13] - Nutanix is also expanding its partnership with Dell to deliver integrated hyper-converged solutions [15] Management's Comments on Operating Environment and Future Outlook - Management noted steady demand for solutions driven by businesses prioritizing digital transformation and infrastructure modernization [7] - The company expects continued variability in timing and outcomes for larger deals due to longer sales cycles and strategic decision-making processes [24] - Management remains committed to driving top-line growth and strong free cash flow generation [52] Other Important Information - Nutanix's annual .NEXT conference in Barcelona attracted over 4,000 attendees, showcasing the company's innovations and partnerships [12] - The company has repurchased approximately $106 million worth of shares year-to-date through Q3 '24 [20] Q&A Session Summary Question: Insights on extending AHP to support compute-only nodes - Management explained that supporting AHP with Dell PowerFlex allows faster entry into accounts without requiring hardware refresh, facilitating migration to HCI architecture [28][29] Question: Size of the eight-figure deal and its impact on free cash flow guidance - Management refrained from disclosing specific deal sizes but confirmed that the deal's total contract value was larger than expected, contributing positively to free cash flow guidance [34] Question: Updates on partnerships with Cisco - Management reported good progress with Cisco, including new wins and certification of Nutanix's hypervisor to run on Cisco UCS servers [36][38] Question: Changes in guidance philosophy due to larger deal variability - Management stated that the guidance philosophy remains unchanged, focusing on creating visibility and scrutiny around pipeline opportunities [70] Question: Trends in repatriation and hybrid cloud - Management noted that while repatriation is not a major trend, there are instances of customers moving workloads back on-prem, emphasizing the need for modern applications in a hybrid cloud model [86][87]

For the quarter ended April 2024, Nutanix (NTNX) reported revenue of $524.58 million, up 16.9% over the same period last year. EPS came in at $0.28, compared to $0.04 in the year-ago quarter.The reported revenue represents a surprise of +1.64% over the Zacks Consensus Estimate of $516.13 million. With the consensus EPS estimate being $0.17, the EPS surprise was +64.71%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Nutanix (NTNX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 64.71%. A quarter ago, it was expected that this enterprise cloud platform services provider would post earnings of $0.29 per share when it actually produced earnings of $0.46, delivering a surprise of 58.62%.Over the last ...

Core Viewpoint - Nutanix reported fiscal third-quarter earnings and revenue that exceeded consensus estimates, but the revenue guidance for the upcoming quarter fell short of expectations, leading to a significant drop in stock price [1][2]. Financial Performance - For the quarter ended April 30, Nutanix reported earnings of 28 cents per share on an adjusted basis, compared to 4 cents a year earlier, surpassing estimates of 17 cents [1]. - Revenue increased by 17% to $524.6 million, exceeding the expected $516 million [1]. - Free cash flow was reported at $78.3 million, which was below the estimated $85.5 million [1]. Future Guidance - For the current quarter ending in July, Nutanix projected revenue between $530 million and $540 million, which is below the consensus estimate of $546 million [1]. Key Metrics - Annual Contract Value (ACV) billings rose by 20% to $288.9 million, surpassing estimates of $271.5 million [3]. - Nutanix has transitioned to a software subscription business model, moving away from hardware appliance sales [3]. Market Performance - Nutanix stock experienced a decline of over 11% to $64.90 in extended trading following the earnings report [2]. - The stock has gained 51% in 2024 and is currently trading above a 5% buy zone, with an entry point of 66.98 [3]. - Nutanix holds a Relative Strength Rating of 97 out of a best-possible 99 [3].

Exhibit 99.1 Nutanix Reports Third Quarter Fiscal 2024 Financial Results Reports 24% YoY ARR Growth and Strong Year-to-Date Free Cash Flow Delivers Outperformance Across All Third Quarter Guided Metrics SAN JOSE, Calif. – May 29, 2024 – Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its third quarter ended April 30, 2024. "We delivered solid third quarter results reflecting disciplined execution and the strength of our business model," said Rajiv ...