Exceeding Financial Guidance
Nutanix reported results ahead of guidance with a revenue of $639 million, above the expected $620 million to $630 million range, marking a year-over-year growth of 22%.
Annual Recurring Revenue Growth
ARR grew 18% year-over-year to $2.14 billion, demonstrating strong demand and expansion within existing customer segments.
Strong New Logo Growth
The company noted strong new logo growth across all customer segments, highlighting significant wins with Fortune Global 500 companies and major asset managers.
Free Cash Flow and Margin Improvements
Free cash flow in Q3 was $203 million, representing a 32% free cash flow margin. Non-GAAP operating margin was 21.5%, higher than the guided range of 17% to 18%.
Partnerships and Innovation
Announced new partnerships and product innovations including support for Dell PowerFlex and Pure Storage, and expansion to support Google Cloud.