Nutanix -4% despite above-consensus Q1 results, Q2 outlook

|About: Nutanix (NTNX)|By:, SA News Editor

Results – revenue $166.8M (+90.1% Y/Y, consensus $152.25M), EPS -$0.37 (consensus -$0.44), billings $239.8M (+86.9% Y/Y), net loss $47.8M (vs. $32.4M net loss Y/Y), cash and short-term investments $347.1M (+154.9% Y/Y), deferred revenue $375.4M (+160.5% Y/Y), operating cash flow $4.2M (vs. -$5.6M Y/Y), free cash flow -$7.8M (vs. -$15.3M Y/Y)

Q2 projections – revenue $175M-$180M (consensus $168.38M), gross margin 60%, EPS -$0.35 to -$0.36 (consensus -$0.37)

Nutanix (NASDAQ:NTNX) chairman and CEO Dheeraj Pandey: "The time warp between an enterprise-friendly VMware and a consumer-friendly AWS is our cloud opportunity. Our first quarter results are reflective of the strength of our thesis on how enterprise computing will morph in the coming three to five years."

Prior quarters overview

Conference call

Presentation

Press release