Short answer
Nutanix Inc (NTNX) filed its Q1 2019 10-Q quarterly report on Mar 12, 2019 for the quarter ended Jan 31, 2019.
Nutanix Inc Q1 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $335.4M, up 17.0% YoY from $286.7M, driven by support and services revenue of $98.4M
- Gross margin 74.4% vs 62.2% YoY, product gross margin 80.6% vs 62.7%
- Best line, subscription revenue $157.4M vs $74.2M; hardware revenue weakest at $37.9M vs $78.0M
- Operating cash flow $38.5M vs $46.4M; free cash flow $(4.1)M vs $32.4M, with $42.6M property-equipment purchases
- Outlook: continued sales, marketing and R&D investment; unpredictable sales cycles and subscription mix may pressure near-term profitability and revenue recognition
Risk Factors
- Newly enacted CCPA, effective January 1, 2020, may require costly changes to data-processing practices
- Convertible Notes may require cash settlement upon conversion, repurchase, or maturity, pressuring liquidity
- Transition to subscription and cloud services may delay revenue recognition and increase delivery costs
- Dell revenue concentration, approximately 9% of fiscal 2018 revenue, creates OEM partner and competitive risk
- International revenue 44% in six months ended January 31, 2019, exposes results to currency fluctuations without hedging
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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