by Adam Armstrong

Nutanix Reports 2Q18 Earnings

Nutanix Inc. reported its earnings for the second quarter of its fiscal year that ended January 31, 2018. The company saw a modest increase in its revenue from the previous quarter as well as a small increase in net loss. Overall the company’s stock improved slightly over the quarter.

The company reported revenue of $286.7 million up 44% from the same time last year and up from $275.6 million of last quarter. Nutanix saw net losses of $62.6 million GAAP (slightly higher than last quarter’s $61.5 million) and $23.3 million non-GAAP (an improvement over last quarter’s $24.7 million). For net loss per share this comes out to $0.39 GAAP and $0.14 non-GAAP. The company reported cash and short-term investments of $918.3 million up 159% from the same time last year. Nutanix is also reporting an operating cash flow of $46.4 million and a free cash flow of $32.4 million.

The company is reporting another good quarter. They were able to add over 1,000 new customers bringing the total to nearly 9,000. Their billings grew to $355.9 million. Revenue was up even after the elimination of $14 million in hardware revenue (as they continue their transition to software). Nutanix signed five software deal worth over $3 million. And the company was named a leader in Gartner’s Magic Quadrant for HCI.

Outlook for next quarter sees revenue between $275 and $280 million; Non-GAAP gross margin between 67% and 68%; Non-GAAP operating expenses between $218 and $220 million; and Non-GAAP net loss per share between $0.19 and $0.21, using 167 million weighted shares outstanding.

Nutanix Investor Relations

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