Delivers Outperformance Across All First Quarter Guided Metrics Reports 18% YoY ARR Growth and Strong Free Cash Flow SAN JOSE, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2024. "During our first quarter we delivered outperformance across our guided metrics,” said Rajiv Ramaswami, President and CEO of Nutanix. "We also continued to bring innovations to the market supporting our vision of becoming the leading platform for running apps and managing data, anywhere, while strengthening our partner ecosystem.” "Our first quarter results demonstrated a good balance of top and bottom line performance with 18% year-over-year ARR growth and strong free cash flow generation,” said Rukmini Sivaraman, CFO of Nutanix. "We remain focused on delivering sustainable, profitable growth.” First Quarter Fiscal 2025 Financial Summary Recent Company Highlights Webcast and Conference Call Information Nutanix executives will discuss the Company's first quarter fiscal 2025 financial results on a conference call today at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. Interested parties may access the conference call by registering at this link to receive dial in details and a unique PIN number. The conference call will also be webcast live on the Nutanix Investor Relations website at ir.nutanix.com . An archived replay of the webcast will be available on the Nutanix Investor Relations website at ir.nutanix.com shortly after the call. Footnotes 1 Annual Recurring Revenue , or ARR , for any given period, is defined as the sum of ACV for all subscription contracts in effect as of the end of a specific period. For the purposes of this calculation, we assume that the contract term begins on the date a contract is booked, unless the terms of such contract prevent us from fulfilling our obligations until a later period, and irrespective of the periods in which we would recognize revenue for such contract. Excludes all life-of-device contracts. ACV is defined as the total annualized value of a contract. The total annualized value for a contract is calculated by dividing the total value of the contract by the number of years in the term of such contract. Excludes amounts related to professional services and hardware. 2 Average Contract Duration represents the dollar-weighted term, calculated on a billings basis, across all subscription contracts, as well as our limited number of life-of-device contracts, using an assumed term of five years for life-of-device licenses, executed in the period. 3 Weighted average share count used in computing diluted non-GAAP net income per share. Non-GAAP Financial Measures and Other Key Performance Measures To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, this press release includes the following non-GAAP financial and other key performance measures: non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, free cash flow, Annual Recurring Revenue (or ARR), and Average Contract Duration. In computing non-GAAP financial measures, we exclude certain items such as stock-based compensation and the related income tax impact, costs associated with our acquisitions (such as amortization of acquired intangible assets, income tax-related impact, and other acquisition-related costs), restructuring charges, litigation settlement accruals and legal fees related to certain litigation matters, the amortization and conversion of the debt discount and issuance costs related to convertible senior notes, interest expense related to convertible senior notes, and other non-recurring transactions and the related tax impact. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, and non-GAAP operating margin are financial measures which we believe provide useful information to investors because they provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense that may not be indicative of our ongoing core business operating results. Free cash flow is a performance measure that we believe provides useful information to our management and investors about the amount of cash generated by the business after capital expenditures, and we define free cash flow as net cash provided by (used in) operating activities less purchases of property and equipment. ARR is a performance measure that we believe provides useful information to our management and investors as it allows us to better track the topline growth of our subscription business because it takes into account variability in term lengths. We use these non-GAAP financial and key performance measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. However, these non-GAAP financial and key performance measures have limitations as analytical tools and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, and free cash flow are not substitutes for gross margin, operating expenses, operating income (loss), operating margin, or net cash provided by (used in) operating activities, respectively. There is no GAAP measure that is comparable to ARR or Average Contract Duration, so we have not reconciled the ARR or Average Contract Duration data included in this press release to any GAAP measure. In addition, other companies, including companies in our industry, may calculate non-GAAP financial measures and key performance measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures and key performance measures as tools for comparison. We urge you to review the reconciliation of our non-GAAP financial measures and key performance measures to the most directly comparable GAAP financial measures included below in the tables captioned "Reconciliation of GAAP to Non-GAAP Profit Measures” and "Reconciliation of GAAP Net Cash Provided By Operating Activities to Non-GAAP Free Cash Flow,” and not to rely on any single financial measure to evaluate our business. This press release also includes the following forward-looking non-GAAP financial measures as part of our second quarter fiscal 2025 outlook and/or our fiscal 2025 outlook: non-GAAP operating margin and free cash flow. We are unable to reconcile these forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures without unreasonable efforts, as we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact the GAAP financial measures for these periods but would not impact the non-GAAP financial measures. Forward-Looking Statements This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding: our business momentum and prospects; our innovations supporting our vision of becoming the leading platform for running applications and managing data, anywhere; strengthening our partner ecosystem; our focus on delivering sustainable, profitable growth; our second quarter fiscal 2025 outlook; and our fiscal 2025 outlook. These forward-looking statements are not historical facts and instead are based on our current expectations, estimates, opinions, and beliefs. Consequently, you should not rely on these forward-looking statements. The accuracy of these forward-looking statements depends upon future events and involves risks, uncertainties, and other factors, including factors that may be beyond our control, that may cause these statements to be inaccurate and cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by such statements, including, among others: the inherent uncertainty or assumptions and estimates underlying our projections and guidance, which are necessarily speculative in nature; any failure to successfully implement or realize the full benefits of, or unexpected difficulties or delays in successfully implementing or realizing the full benefits of, our business plans, strategies, initiatives, vision, objectives, momentum, prospects and outlook; our ability to achieve, sustain and/or manage future growth effectively; the rapid evolution of the markets in which we compete, including the introduction, or acceleration of adoption of, competing solutions, including public cloud infrastructure; failure to timely and successfully meet our customer needs; delays in or lack of customer or market acceptance of our new solutions, products, services, product features or technology; macroeconomic or geopolitical uncertainty; our ability to attract, recruit, train, retain, and, where applicable, ramp to full productivity, qualified employees and key personnel; factors that could result in the significant fluctuation of our future quarterly operating results (including anticipated changes to our revenue and product mix, the timing and magnitude of orders, shipments and acceptance of our solutions in any given quarter, our ability to attract new and retain existing end-customers, changes in the pricing and availability of certain components of our solutions, and fluctuations in demand and competitive pricing pressures for our solutions); our ability to form new or maintain and strengthen existing strategic alliances and partnerships, as well as our ability to manage any changes thereto; our ability to make share repurchases; and other risks detailed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2024 filed with the U.S. Securities and Exchange Commission, or the SEC, on September 19, 2024. Additional information will be set forth in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024, which should be read in conjunction with this press release and the financial results included herein. Our SEC filings are available on the Investor Relations section of our website at ir.nutanix.com and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this press release and, except as required by law, we assume no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any of these forward-looking statements to reflect actual results or subsequent events or circumstances. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix. © 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. ("Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Investor Contact: Richard Valera [email protected] Media Contact: Lia Bigano [email protected] CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) 2024 2024 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) October 31,In a closed-door trial Tuesday, a Russian court sentenced a journalist to four years in prison for her work with foreign media outlets. Nika Novak was arrested in December 2023 on accusations of “preparing inaccurate materials” to discredit the Russian armed forces. The FSB security service said that Novak’s work was "aimed at causing reputational damage” to Russia and an attempt to destabilize the country and its war in Ukraine, according to the Interfax news agency. The court, which is in the Siberian region of Zabaykalsky Krai, did not say which foreign media outlet Novak is accused of working for. Novak worked previously for the Russian news websites Chita and Zab.ru, and had been a freelance reporter at Radio Free Europe/Radio Liberty or RFE/RL. A sister network to VOA, RFE/RL is an independent U.S.-funded media outlet. Moscow designates RFE/RL a so-called foreign agent. RFE/RL President Stephen Capus on Tuesday condemned the sentence handed to Novak. “These politically motivated charges are intended to silence individual reporters and cause a chilling effect. We call for Nika's immediate release to her family,” Capus said in a statement shared with VOA. Russia has ramped up its arrests and harassment of independent journalists since its full-scale invasion of Ukraine in February 2022. Shortly after, the government issued directives on how media could report the war, and legislators enacted a law to penalize anyone authorities deemed to be spreading false news or information that could discredit the military. Russian authorities have also issued several arrest warrants in absentia. In October, authorities ordered the arrest in absentia of a CNN correspondent who had reported from Russia’s Kursk region as Ukraine forces made advances. The Memorial human rights group described Novak as a "political prisoner." It added that the journalist appeared to “hold anti-Ukrainian views," based on social media posts, but had criticized local authorities for supporting the offensive, according to AFP. The Coalition for Women in Journalism has also condemned Novak’s detention. In a statement at the time of her arrest, the group said, “The Kremlin is continuously abusing legislation to target journalists and activists. This must stop.” “The serious charges and lengthy prison term facing Novak are deeply worrying,” the statement said, adding that the coalition called on Russia to drop the charges and release the journalist. This report contains information from Agence France-Presse.
Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his deathEnvironment Secretary Steve Reed has been asked to review “incompetence” at the Met Office that led to a “clear underestimation” of the impact of Storm Bert. Labour MP for Cardiff West, Alex Barros-Curtis, said warnings should have been “amber or red”, as Mr Reed told MPs that more flooding is “likely”. Hundreds of homes were left under water, roads were turned into rivers and winds of more than 80mph were recorded across parts of the UK. More than 130 flood warnings and 160 alerts remained in place across the UK on Monday. In the Commons on Monday, Mr Barros-Curtis asked: “Can I ask that the Secretary of State speak to his Department for Science, Innovation and Technology (DSIT) colleagues to carefully look into the role of the Met Office here? “It is clear that their response was slow and that there was a clear underestimation of the impact of Storm Bert. “They put it yellow rather than amber or red. Our constituents have been let down by this incompetence before, and it cannot keep happening.” Mr Reed said: “In most parts of the countries that were affected, warnings were given with adequate time for people to prepare and I would encourage people to sign up on the Defra website, or the Environment Agency website for warnings and alerts if they live in an area that could be affected by flooding. “I’m aware of the particular concern that he mentions regarding the Met Office, and I will indeed be speaking to colleagues in DSIT as they review the circumstances of that and look at how the situation can be improved for future events of this kind.” During his update to the House, the Environment Secretary said that more flooding this week is “likely” but its impact “should be less severe” than has been seen. He said: “Around 28,000 properties are being protected by Environment Agency flood defences. “Unfortunately, an estimated 107 properties have flooded across England, principally from river and surface water flooding.” He added: “The Environment Agency and local responders have also been busy protecting properties elsewhere in England, including flooding from the River Teme in Tenbury Wells where around 40 properties have flooded. “The river has now peaked and local responders will be focusing on the lower reaches of rivers over the next few days.” He further stated: “Further flooding is sadly likely over the next few days as water levels rise in slower flowing rivers such as the Severn and the Ouse. “The Environment Agency anticipates that any impacts should be less severe than we have seen in recent days.” Mr Reed also described the flood defences they inherited from the previous government as being “in the worst condition on record following years of underinvestment”. He added: “Over 3,000 of our key flood defences are below an acceptable standard. “That is why we are investing £2.4 billion over the next two years to build and maintain flood defences.” Elsewhere in the session, Labour MP for Coventry South, Zarah Sultana, was among the MPs to call for a legal duty on fire services to respond to flooding. She said: “I want to express my solidarity and thanks to all of our emergency services, including firefighters on the front line. “Extreme weather events are on the rise and becoming ever more frequent due to climate change, highlighting the urgent need for proper funding and resources. “England is the only part of the UK without a statutory duty for flooding, leaving fire services underfunded and under-resourced to respond effectively. This must change, as the FBU (Fire Brigades Union) has long called for.” “When will the Government finally provide a statutory duty for Fire and Rescue authorities to respond to flooding incidents in England?” Mr Reed replied: “The fire and rescue authorities have the powers to intervene, but she’s quite right to point out there’s not a duty, and officials in my department, working with the Home Office, will review that to see that that remains appropriate.” Conservative MP for Mid Buckinghamshire Greg Smith said some communities in his constituency are flooding “for the first time in decades” as he accused the Government of wanting to “concrete over the countryside”. He said: “That is a result of some of the big infrastructure we are seeing being built, particularly HS2 where they will concrete over a field completely, it seems, unaware that that will have a knock-on effect to farmland next door. “So will the Secretary of State commit to working with the Transport Secretary (Louise Haigh) and I also suggest the Deputy Prime Minister (Angela Rayner) given their plans to concrete over the countryside to ensure that where construction takes place proper, and I really mean proper, flood mitigation measures are put into place.” Mr Reed replied: “This needs to operate across Government, and we will have those conversations and ensure that measures are put in place to support communities as much as is possible from the more severe weather events that we’re seeing as a result of climate change.”
WASHINGTON (AP) — President-elect Donald Trump named Pam Bondi, former Florida Attorney General, as the United States Attorney General on Thursday, just hours after his other option, Matt Gaetz, withdrew his name from the list of candidates. PUBLICIDAD Bondi is a long-time ally of Trump and was one of his attorneys during his first impeachment trial, when he was accused —but not convicted— of abusing his power by attempting to condition U.S. military assistance to Ukraine in exchange for that country investigating then-former Vice President Joe Biden. PUBLICIDAD Bondi was among a group of Republicans who showed up to support Trump in his criminal trial in New York for hush money, which ended in May with a guilty plea on 34 felony charges. She has served as the chair of the America First Policy Institute, a think tank established by former members of the Trump administration. “For too long, the partisan Department of Justice has been used against me and other Republicans. That ends now,” declared Trump in a social media post. “Pam will refocus the department on its original purpose of fighting crime and making America safe again.” Donald Trump Jr., the son of Trump, told Fox Business on Sunday that the transition team had alternatives in mind for their controversial nominees in case they failed to be confirmed. The swift selection of Bondi occurred about six hours after Gaetz withdrew. That announcement capped a turbulent eight-day period in which Trump sought to leverage his decisive electoral victory to force Republican senators to accept controversial selections such as that of Gaetz, who had been investigated by the Justice Department before being selected last week to lead it. The decision could increase scrutiny on other controversial Trump nominees, including the Pentagon candidate, Pete Hegseth, who faces accusations of sexual assault that he denies. "Although the impulse was strong, it is clear that my confirmation was unjustly becoming a distraction for the crucial work of the Trump/Vance Transition," Gaetz, a Republican from Florida who met with senators a day earlier in an attempt to gain their support, said in a statement. "There is no time to waste in an unnecessarily prolonged dispute in Washington, so I will withdraw my name from the list of those considered to serve as Attorney General. The Trump Department of Justice must be established and ready from day one," he added. Hours later, Gaetz posted on social media that he hopes to "continue the fight to save our country," and added, "Maybe from a different position." In a social media post, Trump said: "Aprecio mucho los recientes empeños de Matt Gaetz con el fin de buscar la aprobación para ser secretario de Justicia. Lo estaba haciendo muy bien pero, al mismo tiempo, no quería ser una distracción para el gobierno, por el cual tiene mucho respeto. ¡Matt tiene un futuro maravilloso, y espero ver todas las grandes cosas que hará!". Last week, Trump appointed personal attorneys Todd Blanche, Emil Bove, and D. John Sauer to high positions in the department. On Wednesday, it was announced that Matt Whitaker, another potential contender for Attorney General, will be the United States ambassador to NATO. Bondi has also been loyal to Trump for a long time. She has openly criticized the criminal cases against Trump, as well as Jack Smith, the special prosecutor who indicted Trump in two federal cases. In a radio appearance, Bondi criticized Smith and other prosecutors who have charged Trump, calling them "horrible" people who, she said, were trying to make a name for themselves by “attacking Donald Trump and weaponizing our legal system.” If the Republican-led Senate confirms her, Bondi would instantly become one of the most closely watched members of Trump's cabinet, given the Republican's desire to retaliate against those he considers his adversaries, and the concern among Democrats that she will seek to bend the Department of Justice to his will. A recent Supreme Court opinion not only granted broad immunity to former presidents but also reaffirmed the exclusive authority of a sitting president over the investigative functions of the Department of Justice. Bondi would inherit a Department of Justice that is expected to change drastically regarding civil rights, enforcing companies to comply with the law, and the trials of hundreds of Trump supporters charged in the January 6, 2021, Capitol riot in the United States, whom Trump has promised to pardon. It is unlikely that Bondi will be confirmed in time to coincide with Smith, who presented two federal indictments against Trump expected to conclude before the incoming president takes office. Special prosecutors are expected to draft reports on their work that historically are made available to the public, but it remains unclear when such a document could be released. In 2013, while serving as Florida's attorney general, Bondi publicly apologized for requesting a delay in the execution of a man convicted of murder because it coincided with a campaign fundraising event. Bondi said she was wrong and regretted having asked then-Governor Rick Scott to postpone the execution of Marshall Lee Gore for three weeks. Before running for state attorney general in 2010, Bondi worked for the state attorney's office in Hillsborough County. Lo siento, pero no has proporcionado ningún artículo para traducir. Por favor, proporciona el texto que deseas que traduzca al inglés, y estaré encantado de ayudarte. The journalists from The Associated Press Zeke Miller, Michelle L. Price, Lisa Mascaro, Mary Clare Jalonick, and Adriana Gómez Licón contributed to this report. Sure! Please provide the text you need to be translated. This story was translated from English by an AP editor with the help of a generative artificial intelligence tool.