Financial Performance - Total revenue for the three months ended October 31, 2023, was $511,054,000, compared to $590,956,000 for the same period in 2024, representing a year-over-year increase of approximately 15.5%[18]. - Net loss for the three months ended October 31, 2023, was $(15,853,000), while net income for the same period in 2024 was $29,926,000, indicating a significant turnaround[19]. - Total revenue for the three months ended October 31, 2024, was $590.96 million, up from $511.05 million in the same period of 2023, representing a growth of approximately 15.6%[39]. - Subscription revenue increased to $560.70 million for the three months ended October 31, 2024, compared to $479.48 million in the same period of 2023, reflecting a growth of about 17%[39]. - Professional services revenue rose to $27.29 million in Q4 2024, up from $22.84 million in Q4 2023, marking an increase of approximately 19.5%[39]. - Total revenue for the fiscal year 2023 was $511,054,000, with a projected increase to $590,956,000 for 2024, representing a growth of approximately 15.5%[140]. - Non-GAAP gross profit increased from $439,250,000 in 2023 to $517,085,000 in 2024, reflecting a growth of about 17.8%[140]. - Free cash flow (non-GAAP) rose from $132,453,000 in 2023 to $151,920,000 in 2024, marking an increase of approximately 14.7%[140]. Assets and Liabilities - Total current assets increased from $1,481,294 thousand as of July 31, 2024, to $1,523,459 thousand as of October 31, 2024, reflecting a growth of approximately 2.8%[16]. - Total liabilities decreased slightly from $2,872,066 thousand to $2,866,647 thousand, a reduction of approximately 0.2%[16]. - The accumulated deficit improved from $(4,847,199) thousand to $(4,831,804) thousand, showing a reduction of approximately 0.3%[16]. - Total cash, cash equivalents, and short-term investments amounted to $1,075,450 thousand as of October 31, 2024[51]. - The company had cash, cash equivalents, and restricted cash of $614,659,000 at the end of the period for October 31, 2023, compared to $716,994,000 at the end of October 31, 2024, indicating a year-over-year increase of about 16.7%[24]. - Total accrued compensation and benefits as of October 31, 2024, is $164,670,000, down from $195,602,000 as of July 31, 2024, representing a decrease of approximately 15.8%[63]. - Total accrued expenses and other current liabilities as of October 31, 2024, is $18,968,000, down from $24,967,000 as of July 31, 2024, indicating a decrease of approximately 24.0%[64]. Revenue Recognition and Business Model - The company recognizes subscription revenue ratably over the contractual service period, with significant contributions from both software entitlement and support subscriptions and upfront software licenses[124]. - Nutanix's subscription term-based licenses typically range from one to five years, with cloud-based SaaS subscriptions extending up to five years[38]. - The company operates a subscription-based business model, with revenue from subscription term-based licenses recognized upfront, while revenue from support subscriptions is recognized ratably[145]. - As of October 31, 2024, contracted not recognized revenue was approximately $2.1 billion, with an expectation to recognize about 52% over the next 12 months[49]. Operating Expenses and Cash Flow - Operating expenses for the three months ended October 31, 2023, totaled $434,801,000, compared to $481,036,000 in 2024, reflecting a decrease of about 9.5%[18]. - Cash provided by operating activities for the three months ended October 31, 2023, was $145,473,000, increasing to $161,751,000 in 2024, an increase of approximately 11.1%[24]. - The company expects operating expenses to continue to increase in absolute dollars as part of its long-term growth strategy[160]. - Total operating lease cost for the three months ended October 31, 2024, was $9.0 million, compared to $9.6 million for the same period in 2023[79]. Shareholder Actions - The company authorized a share repurchase program of up to $350 million, with $198.9 million remaining available for future repurchases as of October 31, 2024[87]. - During the three months ended October 31, 2024, Nutanix repurchased 0.3 million shares at a weighted average price of $58.81 per share, totaling $20 million[87]. - As of October 31, 2024, Nutanix had 267.8 million shares of Class A common stock issued and outstanding[85]. Research and Development - Expectations include continued investment in research and development, particularly in generative artificial intelligence and hybrid cloud environments[7]. - Research and development expenses rose to $173,959 thousand for the three months ended October 31, 2024, from $151,975 thousand in the prior year[172]. - The company aims to enhance its research and development efforts to improve integration with ecosystem partners and expand its technology offerings, particularly in generative AI[143]. Market and Customer Insights - The company had over 27,000 end customers as of October 31, 2024, including approximately 1,060 Global 2000 enterprises[117]. - Total end customers increased to 24,930 as of October 31, 2023, with a forecasted growth to 27,160 by the end of 2024[120]. - As of October 31, 2024, approximately 76% of end customers who have been with the company for 18 months or longer made repeat purchases, with total lifetime orders averaging 8.9 times greater than their initial order[149]. Risks and Challenges - The company anticipates challenges in recruiting and retaining sufficient sales personnel to support growth initiatives[7]. - The reliance on channel and OEM partners for hardware platforms exposes the company to potential supply chain delays, impacting service delivery[147]. - A hypothetical 10% decrease in the U.S. dollar against other currencies would increase operating loss by approximately $15.9 million and $17.5 million for the three months ended October 31, 2023 and 2024, respectively[203].

| --- | --- | --- | |-------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | Q1 FY2025 | | | | Earnings | | | | November 26, 2024 | | | | | | | | | | | Safe Harbor 2 Non-GAAP Financial Measures and Other Key Performance Measures To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, this presentation includes the following non-GAAP financial and other key performance measures: non-GAAP gross margin, non-GAAP operating exp ...

Group 1 - The S&P 500 crossing the ~6,000 threshold raises minor concerns despite stock markets being at all-time highs, indicating a shaky economy [1] - Many consumer-facing companies have reported periods of instability, suggesting potential vulnerabilities in the market [1] Group 2 - Gary Alexander has extensive experience in covering technology companies and has been a contributor on Seeking Alpha since 2017, providing insights into industry trends [1]

SAN JOSE, Calif., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that its management will present at the following upcoming financial community event: Barclays 22nd Annual Global Technology Conference Thursday, December 12, 2024 10:25 a.m. PST; 1:25 p.m. EST A live webcast and replay of the presentation will be accessible on the Nutanix Investor Relations website at ir.nutanix.com About Nutanix Nutanix is a global leader in cloud soft ...

Nutanix, Inc. NTNX shares are trading lower on Wednesday. The company’s annual recurring revenue grew 18%, while revenue jumped 16%.Needham analyst Mike Cikos reiterated the Buy rating on Nutanix, raising the price forecast to $90 from $80. He raised the fiscal 2025 estimate from $1.36 to $1.42.Cikos highlights that Nutanix’s early success with new go-to-market partnerships and share gains from M&A disruption contributed to strong results in the first quarter of fiscal 2025.Despite revenue guidance being ab ...

Nutanix, Inc. NTNX reported better-than-expected first-quarter financial results on Tuesday. Read This Next: Nutanix hc has a consensus price torget of $76.6 based on the ratings of 17 analysts. The Imleh is $0 lssued by Needham on reles and are and arger by brybander, and Morgan Nutanix reported quarterly earnings of 42 cents per share which beat the analyst consensus estimate of 31 cents per share. The company reported quarterly sales of $590.96 million which beat the analyst consensus estimate of $571.78 ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Core Viewpoint - Nutanix (NTNX) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with stock price movements, particularly due to institutional investors adjusting their valuations based on these estimates [4][6]. - For the fiscal year ending July 2025, Nutanix is expected to earn $1.44 per share, reflecting a 9.9% increase from the previous year, with a 2% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Nutanix to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for price appreciation in the near term [11].

Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, November 27: Powell Industries, Inc. (POWL) : This custom equipment manufacturer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13% over the last 60 days. Powell Industries' shares gained 64.9% over the last three months compared with the S&P 500's advanced of 7.6%. The company possesses a Momentum Score of A. Nutanix, Inc. (NTNX) : This company whic ...

Nutanix (NTNX) reported first-quarter fiscal 2025 non-GAAP earnings of 42 cents per share, which surpassed the Zacks Consensus Estimate by 35.48% and increased 44.8% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Nutanix’s revenues climbed 16% year over year to $591 million, beating the Zacks Consensus Estimate by 3.3% and the guided range of $565-$575 million.The top line was primarily driven by growth in NTNX’s extending partnerships and clientele, as well as the sol ...