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Nutanix reports third quarter fiscal 2018 financial results

Nutanix recently announced financial results for its third quarter of fiscal 2018, ended April 30, 2018.

  • Revenue: 

US$289.4 million, growing 41% year-over-year from $205.7 million in the third quarter of fiscal 2017, reflecting the elimination of approximately $52 million in pass-through hardware revenue in the quarter as the company executes its shift toward increasing software revenue.

  • Billings:

$351.2 million, growing 50% year-over-year from $234.1 million in the third quarter of fiscal 2017.

  • Gross profit: 

GAAP gross profit of $193.8 million, up 58% year-over-year from $122.5 million in the third quarter of fiscal 2017; Non-GAAP gross profit of $197.8 million, up 57% year-over-year from $125.9 million in the third quarter of fiscal 2017.

  • Gross margin: 

GAAP gross margin of 67.0%, up from 59.5% in the third quarter of fiscal 2017; Non-GAAP gross margin of 68.4%, up from 61.2% in the third quarter of fiscal 2017.

  • Net Loss:

GAAP net loss of $85.7 million, compared to a GAAP net loss of $96.8 million in the third quarter of fiscal 2017; Non-GAAP net loss of $34.6 million, compared to a non-GAAP net loss of $45.7 million in the third quarter of fiscal 2017.

  • Net loss per share: 

GAAP net loss per share of $0.51, compared to a GAAP net loss per share of $0.67 in the third quarter of fiscal 2017; Non-GAAP net loss per share of $0.21, compared to a non-GAAP net loss per share of $0.32 in the third quarter of fiscal 2017.​

Nutanix CEO Dheeraj Pandey says, “Investment in our innovation engine is delivering strong results, we introduced major new products that extend our unique consumer-grade value into security, networking, database operations, and multi-cloud markets. 

“Our continued industry-leading Net Promoter Score proves that a relentless focus on our customers drives our continued success.”

“Demand for our solutions remains strong as we saw 67% growth in software and support billings and 55% growth in software and support revenue."

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