From GlobeNewswire: 2024-11-26 16:01:00

Nutanix, Inc. reports strong financial results for the first quarter ended October 31, 2024. They achieved outperformance across all guided metrics, with an 18% year-over-year ARR growth and robust free cash flow generation. The company remains focused on delivering sustainable, profitable growth.

In the first quarter of fiscal 2025, Nutanix reported revenue of $591.0 million, a 16% increase from the previous year. They also saw a 18% year-over-year growth in Annual Recurring Revenue (ARR), reaching $1.97 billion. The company’s GAAP and non-GAAP operating margins increased significantly, demonstrating their financial strength and stability.

Nutanix expanded its partnership with Amazon Web Services (AWS) to offer access to AWS services for customers migrating to NC2 on AWS. The company was named a Leader in the 2024 Gartner Magic Quadrant for Distributed Hybrid Infrastructure and positioned furthest in vision in the 2024 Gartner Magic Quadrant for File and Object Storage Platforms. Nutanix also extended its AI platform to public cloud services like AWS EKS, Azure AKS, and Google GKE.

For the second quarter of fiscal 2025, Nutanix expects revenue to be between $635 – $645 million, with a non-GAAP operating margin of 20% to 21%. For the full fiscal year 2025, they project revenue to be between $2.435 – $2.465 billion, with a non-GAAP operating margin of 16% to 17% and free cash flow of $560 – $610 million.

Overall, Nutanix’s strong financial results and strategic partnerships position them as a leader in hybrid multicloud computing, with a focus on innovation, growth, and profitability. Interested parties can access the full earnings presentation and supplementary materials on their Investor Relations website.



Read more at GlobeNewswire:: Nutanix Reports First Quarter Fiscal 2025 Financial