Short answer
Nutanix Inc (NTNX) filed its Q2 2019 10-Q quarterly report on Jun 5, 2019 for the quarter ended Apr 30, 2019.
Nutanix Inc Q2 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $287.6M, down 0.6% YoY from $289.4M
- Gross margin 73.9% vs 67.0% YoY, product revenue $184.8M vs $221.1M
- Best line: subscription revenue $168.4M vs $80.1M, worst: hardware revenue $21.9M vs $62.6M
- Operating cash flow used $36.5M vs $13.3M provided YoY, free cash flow use $58.9M vs $0.8M
- Outlook: continued sales, marketing and R&D investment, unpredictable sales cycles and subscription transition headwinds
Risk Factors
- Newly enacted California Consumer Privacy Act, effective January 1, 2020, requiring disclosures and consumer opt-outs
- Subscription transition: deferred revenue recognition and customer cancellation rights could pressure near-term results
- Public-sector compliance: False Claims Act violations could trigger fines, contract termination, suspension or debarment
- Dell concentration: approximately 9% of fiscal 2018 revenue, with Dell’s competing portfolio threatening OEM sales
- Convertible Notes: insufficient cash could impair conversion settlements, fundamental-change repurchases or maturity repayment
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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