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EX - 99.1 2 a52384448ex99_1.htm EXHIBIT 99.1 Nutanix Reports Second Quarter Fiscal 2021 Financial Results Delivers Record ACV Billings , Exceeds Guidance Across all Metrics Continues Momentum with Run - rate ACV up 28 % YoY , Bolstered by Over 100 % YoY Growth in Emerging Product New ACV 5 SAN JOSE , Calif .-- ( BUSINESS WIRE ) -- February 24 , 2021 -- Nutanix , Inc. ( NASDAQ : NTNX ) , a leader in private cloud , hybrid and multicloud computing , today announced financial results for its second quarter ended January 31 , 2021 . " We delivered a strong quarter across the board , exceeding guidance on all metrics and continuing our momentum with key customer wins and solid execution , ” said Rajiv Ramaswami , President and CEO of Nutanix . “ In my first two months as CEO of Nutanix , my conviction that we have a talented employee base , loyal customers who love the simplicity of our software , and a strong market opportunity ahead of us has only been reinforced . " " We delivered record ACV billings with growth of 14 percent year - over - year , bolstered by the strength of our emerging products , " said Duston Williams , CFO of Nutanix . " We continued to make progress on our transition to subscription and maintained our disciplined approach to managing operating expenses , which were lower than expected this quarter . We look forward to continuing to execute on our transformation and are confident Nutanix is well positioned for long - term value creation . " Second Quarter Fiscal 2021 Financial Summary Annual Contract Value ( ACV ) ¹ Billings Run - rate Annual Contract Value ( ACV ) ² Total Average Contract Term³ Total Revenue4 GAAP Gross Margin Non - GAAP Gross Margin GAAP Operating Expenses Non - GAAP Operating Expenses Free Cash Flow Q2 FY'21 $ 159.2 million $ 1.38 billion 3.4 years $ 346.4 million 79.5 % 82.7 % $ 431.7 million $ 353.5 million $ ( 28.5 ) million Q2 FY'20 $ 139.5 million $ 1.08 billion 3.9 years $ 346.8 million 78.3 % 81.4 % $ 478.6 million $ 396.3 million $ ( 73.7 ) million Exhibit 99.1 Y / Y Change 14 % 28 % ( 0.5 ) years Flat 120 bps 130 bps ( 10 ) % ( 11 ) % $ 45.2 million