Nutanix | 10-Q: Q3 2024 Earnings Report
Nutanix | 10-Q: Q3 2024 Earnings Report
Nutanix | 10-Q:2024財年三季報
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Nutanix reported strong financial results for Q3 FY2024, with total revenue increasing 17% year-over-year to $524.6 million. Subscription revenue grew to $486.6 million, representing 93% of total revenue, while non-GAAP operating income reached $73.3 million with a 14% operating margin. The company maintained a healthy gross margin of 84.8%.The company demonstrated solid operational execution with ARR growing to $1.82 billion and ACV billings increasing to $288.9 million. Free cash flow improved significantly to $78.3 million, compared to $52.7 million in the same period last year. The customer base expanded to over 25,000 end customers, with approximately 1,040 Global 2000 enterprises.Looking ahead, Nutanix announced that BCPE Nucleon will convert $817.6 million of convertible notes due 2026, to be settled with cash and approximately 16.9 million shares. The company continues to focus on profitable growth while improving operating efficiency, with sales and marketing expenses decreasing to 46.9% of revenue compared to 51.1% in the prior year period.