NASDAQ$NTNX

Nutanix Inc A · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Delivered record ACV billings aided by strong emerging product attach rate and drove outperformance across all guided metrics with consistent execution.

Nutanix reported strong Q3 FY2021 financial results, outperforming across all guided metrics. Record ACV billings were achieved, with growth accelerating to 18% year-over-year, while disciplined spending led to operating expenses below guidance. The company also progressed on key priorities, such as bolstering its ecosystem with an extended partnership with Lenovo and driving increased attach rates of emerging products.

  • Record ACV billings were achieved, with growth accelerating to 18% year-over-year.
  • Disciplined spending delivered operating expenses below guidance.
  • Extended partnership with Lenovo to deliver As-a-Service Solution for Hosted Desktops.
  • Extended Nutanix Cloud Platform to AWS GovCloud.

Headline financials

Total Revenue

$345M

Previous: $318M+8.2%
EPS (adj)

-$0.41

Previous: -$0.69+40.6%
Annual Recurring Revenue

$1.45B

Previous: $1.12B+29.2%
Avg Contract Duration

3.3

No prior period
Capital Expenditures

-$41.1M

Previous: -$72.1M+43.0%
Free Cash Flow

-$116M

Previous: -$236M+50.6%
Net Income

-$124M

Previous: -$241M+48.6%
Operating Income

-$181M

Previous: -$230M+21.5%
Gross Profit

$270M

Previous: $246M+9.8%
Cash & Equivalents

$275M

Previous: $262M+4.7%
Total Assets

$2.27B

Previous: $1.77B+27.8%

Revenue & EPS history

Nutanix · Revenue · Quarterly

$345M

Q3 2021+8.2%vs Q3 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Nutanix · $327M total across 2 segments · Q3 2021

  • Subscription Revenue
    $307M+17.8%
  • Professional Services & Other
    $19.5M+67.7%

Forward guidance

Nutanix provided guidance for the fourth quarter of fiscal year 2021

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 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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