Today Nutanix reported its earnings for the first quarter of its 2018 fiscal year that ended on October 31, 2017. Overall the company saw a strong quarter and a big jump in revenue. Nutanix was also able to beat expectations by reporting a smaller loss per share that what was expected.
Today Nutanix reported its earnings for the first quarter of its 2018 fiscal year that ended on October 31, 2017. Overall the company saw a strong quarter and a big jump in revenue. Nutanix was also able to beat expectations by reporting a smaller loss per share that what was expected.
Looking at the numbers, Nutanix reported a revenue of $275.6 million up from last quarter’s $226.1 million and up significantly from last year’s $188.6 million. The company saw net losses of $61.5 million GAAP and $24.7 million non-GAAP, an improvement over last quarter’s $90.7 million GAAP and $50.6 million non-GAAP. This comes out to net loss per share of $0.39 GAAP and $0.16 non-GAAP beating the non-GAAP expectations of $0.26 loss per share. Nutanix is reporting cash and short-term investments of $349.1 million, deferred revenue of $526.1 million, operating cash flow of $5.9 million, and free cash flow of $6.5 million.
As stated, the company had a very good quarter. They were able to grow billings 32% year over year with $315.3 million this quarter. Nutanix added 760 end-customers bringing their total to 7,813. The company was able to land 49 contracts over $1 million. And saw new product releases and integrations.
Looking forward, Nutanix is expecting revenue between $280 and $285 million. A non-GAAP gross margin of 62.5%-63.5%. Non-GAAP operating expense of roughly $210 million. And non-GAAP net loss per share of $0.20-$0.22.
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