Delivers 33% YoY ACV Billings Growth and 21% YoY Revenue Growth Drives Outperformance Across All Guided Metrics With Continued Execution on Hybrid Multicloud Vision Nutanix , Inc. (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211123006039/en/ Nutanix Q1 Fiscal 2022 Earnings Summary (Graphic: Business Wire) “Our first quarter was a good start to our fiscal year, demonstrating strong year-over-year top and bottom-line improvement,” said Rajiv Ramaswami, President and CEO of Nutanix. “We continued to execute towards our targets of free cash flow break-even in the second half of calendar 2022 and a 25 percent-plus ACV billings CAGR through fiscal 2025.” “In our first quarter, we achieved record ACV billings, which grew 33 percent year-over-year, and saw 21 percent year-over-year revenue.