Q3 FY2025 Earnings May 28, 2025 Safe Harbor 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 expenses, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income per share (diluted), free cash flow, Annual Recurring Revenue (or ARR), ...

Core Insights - Nutanix reported revenue of $638.98 million for the quarter ended April 2025, marking a year-over-year increase of 21.8% and an EPS of $0.42 compared to $0.28 a year ago, exceeding the Zacks Consensus Estimate of $626.12 million by 2.06% [1] Financial Performance - Total Billings reached $647.05 million, below the average estimate of $676.02 million from four analysts [4] - Annual Recurring Revenue (ARR) was reported at $2.14 billion, slightly below the average estimate of $2.17 billion from four analysts [4] - Professional services billings were $18.48 million, significantly lower than the average estimate of $32.78 million from three analysts [4] - Subscription billings amounted to $627.25 million, surpassing the average estimate of $616.58 million from two analysts [4] - Other non-subscription product billings were $1.32 million, below the average estimate of $1.68 million from two analysts [4] Revenue Breakdown - Revenue from support, entitlements, and other services was $293.50 million, below the average estimate of $312.03 million from eight analysts, reflecting a year-over-year change of +9.1% [4] - Product revenue was $345.48 million, exceeding the average estimate of $310.26 million from eight analysts, representing a year-over-year increase of +35.2% [4] - Professional services revenue was $28 million, slightly below the average estimate of $28.12 million from seven analysts, with a year-over-year change of +6.7% [4] - Subscription revenue reached $609.66 million, above the average estimate of $594.37 million from seven analysts, indicating a year-over-year increase of +25.3% [4] - Non-portable software revenue was $0.50 million, significantly below the average estimate of $2.59 million from seven analysts, showing a drastic year-over-year decline of -95.5% [4] Stock Performance - Nutanix shares have returned +15.3% over the past month, outperforming the Zacks S&P 500 composite's +7.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Q1 revenue grew 12% year-over-year, reaching $830 million, with operating profit of $83 million and an operating margin of 10.6% [23][26] - Subscription services revenue increased 17% to $406 million, representing over half of total revenue, while annual recurring revenue (ARR) grew 18% to $1.7 billion [25][26] - Total remaining performance obligations (RPO) grew 17% to $2.7 billion, indicating strong renewals and new commitments [25][26] - Total gross margin improved to 70.9%, with subscription services margin at 77.2% [26][27] Business Line Data and Key Metrics Changes - Storage as a Service (SaaS) solutions saw a 70% increase in total contract value (TCV) sales, reaching $95 million, driven by large Evergreen One deals [23][25] - Product margin rose 1.1 points sequentially to 64%, with expectations for mid-60s product gross margin for the year [27] Market Data and Key Metrics Changes - U.S. revenue grew 9% to $531 million, while international revenue increased 21% to $248 million year-over-year [26] - The company added 235 new customers, achieving a penetration rate of 62% within the Fortune 500 [26] Company Strategy and Development Direction - The company is focused on modernizing IT infrastructure and breaking down data silos, with a strong emphasis on AI and high-performance computing solutions [10][15] - A major partnership with Nutanix was announced to integrate their cloud platform with Pure Storage, aimed at enhancing virtualization solutions [12][15] - The company is expanding its cloud block store integration into a fully managed service available through Azure VMware service [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties while maintaining strong performance [18][30] - The company anticipates continued growth in the second half of the year, with a revenue forecast of $845 million for Q2, representing a 10.6% year-over-year increase [30] Other Important Information - The CFO, Kevan Krysler, will be leaving the company after more than five years, with a smooth transition planned [20][21] - The company has a strong balance sheet with $1.6 billion in cash and investments, and Q1 operating cash flow was $284 million [28] Q&A Session Summary Question: Update on hyperscale opportunity with Meta - Management indicated that the evaluation and testing process with Meta is on track, with expectations for significant progress in the second half of the year [39][40] Question: Size of the newly announced AXA offering - The opportunity is seen as niche but substantial, targeting markets like government and large-scale GPU clusters, with expected margins at or above company standards [45][46] Question: Changes in buyer behavior during macro uncertainty - Management noted no significant changes in customer sentiment or purchasing behavior in Q1, with broad-based strength across traditional sales and Evergreen One [51][54] Question: Clarification on subscription margins amid tariff costs - Management stated that they can absorb any potential tariff costs without significantly impacting subscription gross margins [94] Question: Revenue contribution from Meta's one to two exabytes - Some de minimis revenue contribution has been contemplated in the annual guide, expected to be recognized in the second half [72][73] Question: Time to close larger deals - Management reported that larger deals are tracking as expected, with solid momentum in both larger and higher velocity transactions [78]

Financial Data and Key Metrics Changes - Q1 revenue grew by 12%, reaching $830 million, with an operating profit of $83 million and an operating margin of 10.6% [23][28] - Subscription services revenue in Q1 reached $406 million, up 17%, representing over half of total revenue [25] - Annual recurring revenue (ARR) grew 18% to $1.7 billion, while total remaining performance obligations (RPO) grew 17% to $2.7 billion [25][26] - Total gross margin improved to 70.9%, with subscription services margin at 77.2% [26][27] Business Line Data and Key Metrics Changes - TCV sales for Storage as a Service solutions jumped 70% to $95 million, driven by large Evergreen One deals [23] - Product margin rose by 1.1 points sequentially to 64%, with expectations for mid-60s product gross margin for the year [27] Market Data and Key Metrics Changes - U.S. revenue was $531 million, growing 9%, while international revenue was $248 million, growing 21% year over year [26] - The company added 235 new customers, achieving a penetration rate of 62% of the Fortune 500 [26] Company Strategy and Development Direction - The introduction of Fusion 2.0 has been well received, with nearly 100 customers using or testing it [8] - The company is focusing on modernizing IT infrastructure and breaking down data silos, with a strong emphasis on AI and high-performance computing [10][15] - A major agreement with Nutanix was announced to integrate their cloud platform with Pure Storage, enhancing virtualization solutions [12] Management's Comments on Operating Environment and Future Outlook - The near-term view for the year remains largely unchanged despite increased uncertainty in the macro environment [18] - The company expects to deliver 1 to 2 exabytes of solutions to Meta in the second half of the year, with production validation testing on schedule [16][39] - Management remains confident in the ability to outpace competition and grow market share [19][30] Other Important Information - CFO Kevan Krysler will be leaving the company, with a transition plan in place [20] - The company returned $120 million to shareholders through share repurchases and paid $61 million in employee award withholding taxes [29] Q&A Session Summary Question: Update on hyperscale opportunity with Meta - Management indicated that the evaluation and testing process with Meta is on track, with expectations for significant progress in the second half of the year [39][40] Question: Size of the newly announced AXA offering - The opportunity is seen as niche but substantial, targeting government and large-scale GPU clusters, with margins expected to be at or above company standards [45][46] Question: Changes in buyer behavior during macro uncertainty - Management noted no significant changes in customer sentiment or purchasing behavior in Q1, with broad-based strength across sales [51][54] Question: Clarification on subscription margins amid tariff costs - Management expressed confidence in managing tariff costs without significantly impacting subscription gross margins [93] Question: Revenue contribution from Meta's 1 to 2 exabytes - Some de minimis revenue contribution has been contemplated in the annual guide, primarily through a licensing fee model [72] Question: Time to close larger deals - Management reported that larger deals are tracking as expected, with solid momentum continuing into Q1 [78] Question: Comparison of project timelines with Meta and others - The lengthy timeline is attributed to the design cycles of hyperscalers, which include multiple components beyond storage [84][86]

Financial Data and Key Metrics Changes - The company reported quarterly revenue of $639 million, exceeding the guided range of $620 million to $630 million, representing a year-over-year growth rate of 22% [14][15] - Annual Recurring Revenue (ARR) at the end of Q3 was $2.14 billion, reflecting an 18% year-over-year growth [15] - Non-GAAP gross margin in Q3 was 88.2%, and non-GAAP operating margin was 21.5%, higher than the guided range of 17% to 18% [16] - Non-GAAP net income in Q3 was $125 million, translating to a fully diluted EPS of $0.42 per share [17] - Free cash flow in Q3 was $203 million, representing a free cash flow margin of 32% [18] - The company ended Q3 with cash, cash equivalents, and short-term investments of $1.882 billion, up from $1.743 billion at the end of Q2 [19] Business Line Data and Key Metrics Changes - The company experienced strong new logo growth across all customer segments, with significant wins in the EMEA region and North America [9][10] - The net dollar-based retention rate (NRR) at the end of Q3 was 110%, remaining flat quarter-over-quarter [16] - Average contract duration was 3.1 years, slightly higher than expectations and up slightly quarter-over-quarter [16] Market Data and Key Metrics Changes - The company noted a dynamic macro environment affecting deal cycles, particularly in the federal business, leading to longer deal cycles and variability [26][30] - The company is optimistic about the federal business benefiting from its platform's focus on modernization and total cost of ownership [26] Company Strategy and Development Direction - The company aims to become the leading platform for running applications and managing data anywhere, focusing on hybrid multi-cloud capabilities and partnerships [13] - Recent partnerships with Dell and Pure Storage are expected to enhance the company's offerings, with new solutions being introduced [12][63] - The company is expanding its cloud platform to support Google Cloud and announced a new solution, Cloud Native AOS, to enable modern applications [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment remaining similar to Q3, with expectations to continue adding new customers [21] - The company plans to increase investments in sales, marketing, and research and development to address market opportunities [21] - Management acknowledged the challenges of year-over-year comparisons for new logo additions in Q4 due to strong performance in the previous year [21] Other Important Information - The company repurchased $38 million worth of common stock under its existing share repurchase authorization [19] - The updated guidance for fiscal year 2025 includes revenue of $2.52 billion to $2.53 billion, representing a year-over-year growth of approximately 17.5% [20] Q&A Session Summary Question: Can you walk us through the linearity seen throughout the quarter? - Management noted that while linearity can vary, they have not seen significant changes in deal cycles, although some variability exists in the federal business [30][31] Question: What is the delta between NCIC and the core standard NCI license? - The NCIC offering includes the platform minus the storage, and early customer feedback has been positive [36][39] Question: What is driving the increase in operating margin guidance? - The increase is attributed to timing of hiring and expected ramp-up in investments in Q4 [41][42] Question: Can you explain the difference between ARR and revenue growth rates? - Revenue is a flow metric while ARR is a stock metric, and factors like contract duration can affect their relative growth rates [50][51] Question: How is the pricing environment and share gains versus VMware? - The pricing environment has been stable, and the company has seen strong traction in acquiring new customers, particularly with its hypervisor [75][72] Question: What is the status of partnerships with Dell and Cisco? - Cisco has been a consistent contributor to new logo growth, while the Dell partnership is still in early stages but expected to ramp up [61][63]

Financial Data and Key Metrics Changes - The company reported quarterly revenue of $639 million, exceeding the guided range of $620 million to $630 million, representing a year-over-year growth rate of 22% [14][15] - Annual Recurring Revenue (ARR) at the end of Q3 was $2.14 billion, reflecting an 18% year-over-year growth [15][18] - Non-GAAP gross margin in Q3 was 88.2%, and non-GAAP operating margin was 21.5%, higher than the guided range of 17% to 18% [16][18] - Non-GAAP net income in Q3 was $125 million, translating to a fully diluted EPS of $0.42 per share [17][18] - Free cash flow in Q3 was $203 million, representing a free cash flow margin of 32% [18] Business Line Data and Key Metrics Changes - The company experienced strong new logo growth across all customer segments, with significant wins in large organizations modernizing their IT infrastructure [9][10] - The average contract duration increased to 3.1 years, slightly higher than expectations [16] - The net dollar-based retention rate (NRR) at the end of Q3 was 110%, remaining flat quarter-over-quarter [16] Market Data and Key Metrics Changes - The company noted strong demand for its solutions, particularly in the federal business, despite longer deal cycles due to changes in the federal government [26][27] - The company is optimistic about opportunities in the federal sector, focusing on modernization and total cost of ownership (TCO) improvements [26] Company Strategy and Development Direction - The company aims to become the leading platform for running applications and managing data anywhere, focusing on hybrid multi-cloud capabilities and partnerships [12][13] - Recent partnerships with Dell and Pure Storage are expected to enhance the company's offerings and market reach [12][63] - The company is expanding its cloud platform to support Google Cloud and announced new solutions to enable modern applications [12][13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a dynamic macro environment affecting deal cycles and customer engagement but remains optimistic about continued demand for their solutions [25][26] - The company expects to continue adding new customers while noting that Q4 presents a tough year-over-year comparison for new logo additions [21] - Management raised full-year guidance across all metrics, reflecting confidence in sustained growth and profitability [22][20] Other Important Information - The company repurchased $38 million worth of common stock during Q3 and used approximately $65 million to retire shares related to employee tax liabilities [19] - The updated guidance for fiscal year 2025 includes revenue of $2.52 billion to $2.53 billion, representing a year-over-year growth of approximately 17.5% [20] Q&A Session Summary Question: Can you walk us through the linearity seen throughout the quarter? - Management noted that while linearity can vary, they have not seen significant changes in deal cycles, although some variability exists in the federal business [30][31] Question: What is the delta between NCIC and the core standard NCI license? - The NCIC offering includes the platform minus the storage, and early customer feedback has been positive [39] Question: What is driving the increase in operating margin guidance? - The increase is attributed to timing of hiring and expected productivity improvements, along with prudent investments in areas with anticipated returns [41][45] Question: How did the renewals business perform versus land and expand? - The company saw strong new logo growth and solid renewals in Q3, with a greater mix of larger deals in the pipeline [78][79] Question: What is the pricing environment like? - The pricing environment has been stable, with no significant changes noted, and the company continues to see traction in new customer acquisitions [74][75] Question: How is the company addressing the competitive landscape, particularly with VMware? - The company is gaining traction with new customers, many of whom are adopting their hypervisor, and is optimistic about opportunities arising from VMware's changes [72][74]

Financial Data and Key Metrics Changes - The company reported quarterly revenue of $639 million, exceeding the guided range of $620 million to $630 million, representing a year-over-year growth rate of 22% [13] - Annual Recurring Revenue (ARR) at the end of Q3 was $2.14 billion, reflecting an 18% year-over-year growth [6][13] - Non-GAAP gross margin in Q3 was 88.2%, and non-GAAP operating margin was 21.5%, higher than the guided range of 17% to 18% [14] - Non-GAAP net income in Q3 was $125 million, translating to a fully diluted EPS of $0.42 per share [15] - Free cash flow in Q3 was $203 million, representing a free cash flow margin of 32% [16] Business Line Data and Key Metrics Changes - The company experienced strong new logo growth across all customer segments, with significant wins in the EMEA region and North America [7][9] - The net dollar-based retention rate (NRR) at the end of Q3 was 110%, remaining flat quarter-over-quarter [14] - Average contract duration increased to 3.1 years, slightly higher than expectations [14] Market Data and Key Metrics Changes - The company noted a dynamic macroeconomic environment affecting deal cycles, particularly in the federal business sector [25][30] - The company is optimistic about opportunities in the federal business, focusing on modernization and total cost of ownership (TCO) improvements [25] Company Strategy and Development Direction - The company aims to become the leading platform for running applications and managing data anywhere, focusing on hybrid multi-cloud capabilities and partnerships [12] - Recent product announcements include support for Google Cloud and enhancements to the Nutanix Cloud Platform, indicating a commitment to innovation [11] - The company is expanding its partner ecosystem, particularly with Dell and Cisco, to drive new logo growth and market penetration [62] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic uncertainties but expressed confidence in continued demand for their solutions [30][88] - The company expects to maintain strong performance in Q4, with guidance for revenue between $635 million and $645 million [17][18] - Management highlighted the importance of investing in sales, marketing, and R&D to capture market opportunities [19] Other Important Information - The company repurchased $38 million worth of common stock during Q3 [17] - The updated guidance for fiscal year 2025 includes revenue of $2.52 billion to $2.53 billion, representing a year-over-year growth of approximately 17.5% [18] Q&A Session Summary Question: Can you walk us through the linearity seen throughout the quarter? - Management noted that while linearity can vary, they have not seen significant changes in deal cycles, although some variability exists in the federal business [29][30] Question: What is the delta between NCIC and the core standard NCI license? - The NCIC offering includes the platform minus the storage, and early customer feedback has been positive [36][39] Question: What is driving the increase in operating margin guidance? - The increase is attributed to timing of hiring and expected investments in sales and marketing, with a focus on sustainable growth [41][44] Question: Can you explain the difference between ARR and revenue growth rates? - Revenue is a flow metric while ARR is a stock metric, and various factors such as contract duration can affect their relative growth rates [50][52] Question: How is the company performing against VMware in terms of share gains? - The company is seeing strong traction with new customers, particularly those adopting their hypervisor, indicating competitive wins against VMware [74][76] Question: What is the outlook for partnerships with Dell and Cisco? - The company continues to expand its partner ecosystem, with Cisco contributing steadily to new logo growth and Dell's PowerFlex solution just entering the market [62][108]

Financial Performance - Nutanix reported an 18% year-over-year growth in Annual Recurring Revenue (ARR), reaching $2.14 billion compared to $1.82 billion in the previous year[3]. - Total revenue for Q3 FY'25 was $639.0 million, representing a 22% increase from $524.6 million in Q3 FY'24[3]. - GAAP operating income improved to $48.6 million from a loss of $11.6 million year-over-year, marking a $60.2 million increase[3]. - Non-GAAP operating income rose to $137.1 million, up $63.8 million from $73.3 million in the same quarter last year[3]. - Free cash flow for the third quarter was $203.4 million, significantly higher than $78.3 million in Q3 FY'24, an increase of $125.1 million[3]. - Total revenue for the three months ended April 30, 2025, was $638,983,000, representing a 21.7% increase from $524,577,000 in the same period of 2024[21]. - Total revenue for the nine months ended April 30, 2025, reached $1,884,660,000, up 17.7% from $1,600,864,000 in the prior year[21]. - Gross profit for the three months ended April 30, 2025, was $555,992,000, compared to $444,958,000 for the same period in 2024, indicating a 24.9% increase[21]. - Total billings for the three months ended April 30, 2025, were $647,045,000, compared to $557,285,000 in the same period of 2024, reflecting a 16.1% increase[28]. - Total revenue for the nine months ended April 30, 2024, was $1.60 billion, compared to $1.88 billion for the same period in 2025, indicating a year-over-year increase of about 17.7%[30]. - Gross profit for the nine months ended April 30, 2025, was $1,633,711,000, with a gross margin of 86.7%[40]. - Net income for the nine months ended April 30, 2025, was $149,716,000, with diluted net income per share of $0.52[40]. Revenue Breakdown - Subscription revenue for the three months ended April 30, 2024, was $486.62 million, an increase from $609.66 million for the same period in 2025, representing a growth of approximately 25.2%[30]. - Subscription billings for the three months ended April 30, 2024, were $515.92 million, increasing to $627.25 million for the same period in 2025, representing a growth of approximately 21.6%[30]. - Professional services revenue for the three months ended April 30, 2024, was $26.24 million, compared to $28.00 million for the same period in 2025, showing a slight increase of approximately 6.7%[30]. - Other non-subscription product revenue for the three months ended April 30, 2024, was $11.72 million, significantly decreasing to $1.32 million for the same period in 2025, indicating a decline of approximately 88.7%[30]. Cash Flow and Expenses - Cash provided by operating activities for the nine months ended April 30, 2025, was $601,927,000, compared to $428,234,000 in the same period of 2024[25]. - Total operating expenses for the nine months ended April 30, 2025, were $1,492,378,000, resulting in an operating margin of 7.5%[40]. - Research and development expenses totaled $471,596, with a reduction of $117,664 compared to previous periods[46]. - Sales and marketing expenses were $717,926, reflecting a decrease of $61,110[46]. Future Projections - The company expects fourth quarter revenue to be between $635 million and $645 million, with a non-GAAP operating margin projected between 15.5% and 16.5%[5]. - For the full fiscal year 2025, Nutanix anticipates revenue between $2.52 billion and $2.53 billion, with a non-GAAP operating margin of approximately 20.5%[6]. - The company plans to use a long-term projected non-GAAP tax rate of 20% starting in fiscal 2025[48]. Stockholder Information - Total current liabilities decreased to $1,244,341,000 from $1,281,555,000 year-over-year[20]. - Total assets as of April 30, 2025, were $3,096,630,000, down from $2,143,918,000 in the previous year[20]. - Stockholders' deficit improved slightly to $(711,434,000) from $(728,148,000) year-over-year[20]. - The company reported a total stock-based compensation expense of $266,419,000 for the nine months ended April 30, 2025[25]. - The company included 56,094 potentially dilutive shares related to convertible senior notes and employee equity incentive plans[46]. Operational Highlights - Nutanix announced the general availability of Nutanix Cloud Infrastructure (NCI) for external storage, enhancing its cloud platform capabilities[4]. - A partnership with Pure Storage was established to deliver integrated solutions for mission-critical workloads, particularly in AI applications[4]. - The average contract duration increased to 3.1 years from 3.0 years, indicating a slight extension in customer commitments[3].

Core Insights - Nutanix is set to report earnings on May 28, 2025, with historical data indicating notable stock volatility following earnings announcements [1][2] - Analysts expect Nutanix to announce earnings of $0.38 per share on revenues of $627 million, compared to $0.28 per share on revenues of $525 million in the same quarter last year [2] - Nutanix has a market capitalization of $21 billion and generated $2.3 billion in revenue over the past twelve months, achieving operational profitability with $69 million in operating profits despite a net loss of $55 million [2] Historical Performance - Over the last five years, Nutanix has recorded positive one-day returns in approximately 60% of instances following earnings announcements, with a median positive return of 9.9% and a maximum increase of 29.2% [1][5] - The percentage of positive one-day returns rises to 73% when analyzing data from the last three years [5] - There have been 20 earnings data points documented over the last five years, with 12 positive and 8 negative one-day returns observed [5] Post-Earnings Strategy - Traders can analyze the correlation between short-term and medium-term returns after earnings to guide trading strategies, particularly focusing on pairs with the highest correlation [3][4] - A comparatively lower-risk approach involves assessing historical probabilities and establishing a position before the earnings announcement [4] - Peer performance can impact post-earnings stock reactions, with historical insights indicating that pricing may begin even before earnings are revealed [6]

Core Insights - Analysts project Nutanix (NTNX) will report quarterly earnings of $0.38 per share, a 35.7% increase year over year, with revenues expected to reach $626.12 million, reflecting a 19.4% increase from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1][2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [2] Revenue Projections - Analysts estimate 'Revenue- Support, entitlements and other services' at $311.14 million, a 15.6% increase year over year [4] - 'Revenue- Product' is projected to reach $307.45 million, indicating a year-over-year change of 20.4% [4] - 'Disaggregation of Revenue- Professional services revenue' is expected to be $28.12 million, a 7.2% increase from the prior year [5] - 'Disaggregation of Revenue- Subscription revenue' is estimated at $594.37 million, reflecting a 22.1% increase from the previous year [5] Additional Revenue Insights - 'Disaggregation of Revenue- Non-portable software revenue' is forecasted to be $2.59 million, showing a significant decline of 76.7% year over year [6] - 'Annual Contract Value Billings (ACV Billings)' is expected to be $364.13 million, up from $288.85 million in the same quarter last year [6] Billing and Customer Metrics - Total Billings are projected to reach $676.02 million, compared to $557.29 million a year ago [7] - Annual Recurring Revenue (ARR) is expected to be $2.17 billion, up from $1.82 billion in the same quarter last year [7] - Total end customers are estimated to be 28,457, an increase from 25,860 year over year [7] Disaggregation of Billings - 'Disaggregation of billings - Professional services billings' is estimated at $32.78 million, compared to $29.65 million last year [8] - 'Disaggregation of billings - Subscription billings' is projected to reach $616.58 million, up from $515.92 million in the same quarter last year [8] Stock Performance - Nutanix shares have increased by 21.5% in the past month, outperforming the Zacks S&P 500 composite, which rose by 10.7% [8]