NASDAQ$NTNX
Nutanix Inc A · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Increased remote work and demand for “zero touch” IT drove TCV revenue growth year-over-year and subscription billings represented 84% of total billings during continued transition to subscription business model.
Nutanix reported a solid third quarter, driven by increased remote work and demand for "Zero Touch" IT, with TCV revenue growth of 18% year-over-year. The company's transition to a subscription-based business model continued, with 84% of billings coming from subscriptions. Proactive operating expense management also aided bottom-line results.
- TCV revenue increased 18% year-over-year.
- Subscription billings were up 43% year-over-year, representing 84% of total billings.
- GAAP gross margin improved to 77.3%, up from 73.9% in the third quarter of fiscal 2019.
- Nutanix ended the third quarter with 16,580 end-customers.
Headline financials
Revenue & EPS history
Nutanix · Revenue · Quarterly
$318M
Revenue by segment
Nutanix · $273M total across 2 segments · Q3 2020
- Subscription Revenue$261M+54.9%95.7%
- Professional Services & Other$11.6M—4.3%
Forward guidance
Given the uncertainty created by the COVID-19 pandemic, Nutanix has withdrawn its guidance for fiscal 2020 as well as its business model targets for calendar 2021. Nutanix plans to resume providing formal guidance when visibility improves.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2020
+0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-1.9%
Avg return
30 days after
53%
20 / 38 earnings
Positive
+29.5%
Q4 2020
Best reaction
-33.7%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | +4.0% | +5.9% | -2.2% | |
| Q1 2026 | -17.8% | -19.7% | -10.1% | |
| Q4 2025 | -5.1% | -3.6% | +10.8% | |
| Q3 2025 | -3.9% | -1.5% | -4.5% | |
| Q2 2025 | +10.4% | +11.1% | +2.4% | |
| Q1 2025 | -8.4% | -10.3% | -12.5% | |
| Q4 2024 | +18.3% | +18.8% | +12.0% | |
| Q3 2024 | -21.5% | -26.1% | -20.8% | |
| Q2 2024 | +8.5% | +12.4% | +6.0% | |
| Q1 2024 | +6.4% | +9.8% | +17.7% | |
| Q4 2023 | +13.3% | +13.1% | +13.2% | |
| Q3 2023 | +16.2% | +15.3% | +7.1% | |
| Q2 2023 | -7.4% | -13.8% | -11.6% | |
| Q1 2023 | +12.5% | +11.3% | -4.0% | |
| Q4 2022 | +23.3% | +20.0% | +15.0% | |
| Q3 2022 | -21.2% | -19.4% | -26.1% | |
| Q2 2022 | -2.1% | -13.3% | +3.9% | |
| Q1 2022 | +6.4% | +4.5% | -1.9% | |
| Q4 2021 | +9.5% | +17.1% | +5.8% | |
| Q3 2021 | +3.0% | +1.7% | +29.0% | |
| Q2 2021 | -6.8% | -3.9% | -15.7% | |
| Q1 2021 | -0.9% | -1.4% | +16.6% | |
| Q4 2020 | +29.5% | +30.1% | +0.6% | |
| Q3 2020 | -6.5% | -1.6% | -7.2% | |
| Q2 2020 | -32.9% | -30.6% | -51.2% | |
| Q1 2020 | +14.2% | +27.5% | +10.1% | |
| Q4 2019 | +25.6% | +26.7% | +37.1% | |
| Q3 2019 | -16.7% | -16.8% | -23.0% | |
| Q2 2019 | -33.7% | -33.4% | -25.7% | |
| Q1 2019 | +3.3% | +7.2% | -4.3% | |
| Q4 2018 | -7.9% | -7.8% | -30.1% | |
| Q3 2018 | -6.7% | -7.7% | -3.4% | |
| Q2 2018 | +6.6% | +21.1% | +34.7% | |
| Q1 2018 | +10.9% | +4.9% | +8.5% | |
| Q4 2017 | +0.5% | -2.7% | +2.2% | |
| Q3 2017 | +12.3% | +4.0% | +10.7% | |
| Q2 2017 | -25.2% | -30.4% | -38.9% | |
| Q1 2017 | -4.0% | -16.7% | -21.5% | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — |
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