10-Q quarterly report · filed Dec 13, 2017

Nutanix Inc (NTNX) Q4 2017 10-Q Quarterly Report

Short answer

Nutanix Inc (NTNX) filed its Q4 2017 10-Q quarterly report on Dec 13, 2017 for the quarter ended Oct 31, 2017.

Nutanix Inc Q4 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $275.6M, up 46% YoY from $188.6M, product revenue $219.1M versus $153.5M
  • Net loss $61.5M versus $140.3M, operating margin (21%) versus (61%) YoY
  • Support and services gross margin best performer, increased YoY; product gross margin declined amid DRAM and NAND cost pressures
  • Operating cash flow $10.1M versus $4.2M, free cash flow outflow $7.9M versus $7.8M
  • Cash $132.5M plus short-term investments $233.5M; software-only transition expected over a year and a half, DRAM pressure continuing

Risk Factors

  • New risk trigger: ASC 606 adoption effective August 1, 2017, increasing quarterly volatility from software-only revenue timing
  • Regulatory risk: GDPR effective May 2018, introducing stricter EU data-protection requirements and large noncompliance penalties
  • Operational risk: Super Micro manufacturing agreement expires May 2018 without minimum-volume commitments
  • Market risk: DRAM and NAND supply constraints increased component prices, pressuring gross margins
  • Financial risk: International expenses in Euro, Pound Sterling, Indian Rupee, Canadian Dollar and Australian Dollar without hedging arrangements

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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