Short answer
Nutanix Inc (NTNX) filed its fiscal 2018 10-K annual report with the SEC on Sep 24, 2018. It reported revenue of $1.2B (+36.6% year over year) and net income of −$297M.
- Top risk flagged: GDPR, effective May 2018, raises compliance costs and penalties as Nutanix expands cloud services and becomes a data processor
FY2018 key financial metrics · XBRL
- Revenue
- $1.2B
- +36.6% YoY
- Net income
- −$297M
- +35.1% YoY
- Operating margin
- -24.3%
- +26.2 pp YoY
- Gross margin
- 66.6%
- +14.6 pp YoY
- ROE
- -90.9%
- +859.3 pp YoY
- Operating cash flow
- $93M
- +569.6% YoY
Source: XBRL data from the Nutanix Inc (NTNX) FY2018 10-K on SEC EDGAR. USD.
Nutanix Inc FY2018 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Enterprise cloud platform, converging private, public and edge infrastructure through software-based compute, storage, networking and security
- New offerings emphasized: acquired Frame desktop-as-a-service, Beam multi-cloud optimization, planned Xi Cloud Services and Era database automation
- Strategic shift toward hybrid and multi-cloud services, expanding beyond hyperconverged infrastructure through subscriptions and hosted delivery
- Over 10,600 end customers and approximately 4,000 employees as of July 31, 2018
- R&D expense reached $313.8 million, up from $288.6 million in fiscal 2017
- Competitive pressure intensified as HPE acquired SimpliVity and Cisco acquired Springpath to strengthen hyperconverged portfolios
Management Discussion & Analysis
- Revenue $1.155B, up 36.6% YoY, with product revenue $888.0M and services revenue $267.5M
- Gross margin 66.6% vs 61.3%; operating margin negative 24.3% vs negative 41.2%
- Best geography EMEA, revenue $224.4M, up 61.6%; product revenue increased $214.7M, or 31.9%
- Operating cash flow $92.6M, free cash flow $30.2M, capex $62.4M, no buybacks or dividends disclosed
- Outlook: continued sales, marketing and R&D investment; risks from unpredictable sales cycles and increasing software-only mix
Risk Factors
- GDPR, effective May 2018, raises compliance costs and penalties as Nutanix expands cloud services and becomes a data processor
- International revenue 44% in fiscal 2018, exposed to political instability, Chinese-import tariffs, and changing export controls
- Super Micro and Flextronics assemble NX appliances, with $23.1 million in component guarantees and no minimum manufacturing commitments
- Public-cloud competition from Amazon, Google, and Microsoft threatens on-premise demand, while VMware and Amazon announced a competing joint solution
- Net losses $297.2 million in fiscal 2018 and accumulated deficit $1,028.1 million, limiting financial flexibility during continued investment
Generated from the filing text; verify against the original. How to read a 10-K
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