Nutanix Reports First Quarter Fiscal 2017 Financial Results

Nutanix, Inc. (NASDAQ:NTNX), a leader in enterprise cloud computing, today announced financial results for its first quarter of fiscal 2017, ended October 31, 2016.

First Quarter Fiscal Year 2017 Financial Highlights
  • Revenue: $166.8 million, growing 90.1% year-over-year from $87.8 million in the first quarter of fiscal 2016
  • Billings: $239.8 million, growing 86.9% year-over-year from $128.3 million in the first quarter of fiscal 2016
  • Net Loss: GAAP net loss of $162.2 million, compared with a net loss of $38.5 million in the first quarter of fiscal 2016; Non-GAAP net loss of $47.8 million, compared to a net loss of $32.4 million in the first quarter of fiscal 2016
  • Net Loss Per Share: GAAP loss per share of $(2.18), compared to a net loss per share of $(0.90) in the first quarter of fiscal 2016; Pro forma non-GAAP net loss per share of $(0.37), compared to a pro forma non-GAAP net loss per share of $(0.27) in the first quarter of fiscal 2016
  • Cash and Short-term investments: $347.1 million, up 154.9% from the first quarter of fiscal 2016
  • Deferred Revenue: $375.4 million, up 160.5% from the first quarter of fiscal 2016
  • Operating Cash Flow: $4.2 million, compared to $(5.6) million in the first quarter of fiscal 2016
  • Free Cash Flow: $(7.8) million, compared to $(15.3) million in the first quarter of fiscal 2016

Reconciliations between GAAP and non-GAAP financial measures and key performance measures are provided in the tables of this press release.

"The time warp between an enterprise-friendly VMware and a consumer-friendly AWS is our cloud opportunity," said Dheeraj Pandey, chairman and CEO of Nutanix. "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."

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