My thoughts about Nutanix’s results are the same as those of Bert and others: the results were misunderstood by robo-analyzers. They were great results.
Let’s look at some figures:
Gross revenue was only up 20% from last year, but that’s only because they weren’t counting $95 million of hardware that they would have counted in the same quarter last year. Put that back in for apples-to-apples and revenue was up 58%
Subscription revenue was up 49%, which is the future of the company.
Deferred revenue is huge (more than twice as large as this quarters entire revenue) and was up 71% yoy!!! And up 17% sequentially.
Gross Billings were “only” up 37%, but subscription billings were up 66%.
Free Cash Flow was positive $6.5 million, up from negative $6.5 million a year ago. For the fiscal year ending this quarter, Free Cash Flow was positive $30 million up from negative $36 million a year ago!!!
Operating Cash Flow was $23 million up from $6 million yoy.
For the fiscal year ending this quarter, Operating Cash Flow was $93 million up from $14 million a year ago!!!
Is there anyone left who doesn’t think that this was a blow-out quarter?
Adjusted Net Loss was 6% of revenue, improved from 10% of revenue a year ago.
Adjusted loss per share was 11 cents, improved from 17 cents yoy and from 21 cents sequentially, and which is the smallest loss in cents that it’s ever been.
Customers were 10,600, adding 1000 new customers in the quarter. Note that’s not in the year, that’s in the quarter.
They had their biggest deal ever this quarter, a $20 million deal with a part of the Dept of Defense. (We know from previously that it was the US Air Force.)
That’s just some of the information. This was a great report. I added a tiny bit just after the opening at $56.92.
Just my opinion. Draw your own conclusions.
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