Business
Nutanix Reports Second Quarter Fiscal 2020 Financial Results
-- Delivers Record TCV Billings and Revenue as Company Continues Growth Amidst Faster Than Expected Subscription Transition -- Grows New Product Attach Rate
About this update from Nutanix, Inc.
[{"type":"text","content":"\n-- Delivers Record TCV Billings and Revenue as Company Continues Growth Amidst Faster Than Expected Subscription Transition\n\n\n-- Grows New Product Attach Rate to 31%, Up from 21% as of Q2 FY’19; Increases TCV Billings from New Products by 99% YoY\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nNutanix, Inc. (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced financial results for the second quarter of fiscal 2020 ended January 31, 2020.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200226005822/en/Nutanix Q2 FY20 Earnings Infographic (Graphic: Business Wire)\n\nQ2 Fiscal 2020 Financial Highlights\n\n\n\nRevenue: $346.8 million, up from $335.4 million in the second quarter of fiscal 20191\n\n\nBillings: $428.1 million, up from $413.4 million in the second quarter of fiscal 20191\n\n\nSoftware and Support (TCV)2 Revenue: $338.2 million, up 14% year-over-year from $297.4 million in the second quarter of fiscal 20191\n\n\nSoftware and Support (TCV)2 Billings: $419.5 million, up 12% year-over-year from $375.5 million in the second quarter of fiscal 20191\n\n\nGross Margin: GAAP gross margin of 78.3%, up from 74.4% in the second quarter of fiscal 2019; Non-GAAP gross margin of 81.4%, up from 76.8% in the second quarter of fiscal 2019\n\n\nNet Loss: GAAP net loss of $217.6 million, compared to a GAAP net loss of $122.8 million in the second quarter of fiscal 2019; Non-GAAP net loss of $116.3 million, compared to a non-GAAP net loss of $40.4 million in the second quarter of fiscal 2019\n\n\nNet Loss Per Share: GAAP net loss per share of $1.13, compared to a GAAP net loss per share of $0.68 in the second quarter of fiscal 2019; Non-GAAP net loss per share of $0.60, compared to a non-GAAP net loss per share of $0.23 in the second quarter of fiscal 2019\n\n\nCash and Short-term Investments: $819.0 million, compared to $965.9 million in the second quarter of fiscal 2019\n\n\nDeferred Revenue: $1.06 billion, up 35% from the second quarter of fiscal 2019\n\n\nOperating Cash Flow: Use of $52.5 million, compared to generation of $38.5 million in the second quarter of fiscal 2019\n\n\nFree Cash Flow: Use of $73.7 million, compared to use of $4.1 million in the second quarter of fiscal 2019\n\n\n\n\n\nReconciliations between GAAP and non-GAAP financial measures and ...