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Publication Date: 2025-11-26 09:15:00
Hyperconverged infrastructure vendor Nutanix reported continued growth and increased profitability in its latest quarter, but forecast a slowdown due to sales push-outs.
Revenues in the first fiscal 2026 quarter ended October 31, 2025, were $670.6 million, a 13.4 percent annual increase, with a GAAP profit of $62.1 million, more than double the year-ago $19.9 million.
President and CEO Rajiv Ramaswami said: “We saw solid demand for our cloud platform in our first quarter, with bookings that were slightly ahead of our expectations, ARR growth of 18 percent year-over-year, another healthy quarter of new logo additions, and solid free cash flow performance.”
CFO Rukmini Sivaraman said: “Late in the quarter, we saw some revenue shift from Q1 into future periods. We expect that the revenue over time remains unchanged. We expect this dynamic to continue and have factored it in our Q2 and updated full-year revenue guidance.”
Financial summary
- Gross margin: 87 percent vs year-ago 86 percent
- Operating cash flow: $196.8 million vs year-ago $161.8 million
- Free cash flow: $174.5 million vs $151.9 million last year and up 15 percent
- Cash, cash equivalents & restricted cash: $780.4 million vs $716.9 million last year.
- Nutanix recruited 640 new customers, taking its total customer count to 29,930.
Nutanix is steadily expanding its partnerships and selling opportunities. Its Nutanix Cloud Platform…
