Thread by @OphirGottlieb

1/n

$NTNX Strong quarter

2.n

$NTNX

Producing more revenue and better margins than the consensus estimates.

3/n

$NTNX

* Revenue: $378.5M vs 369M
* EPS: -$0.22 vs -0.34

Guidance:
* Q2 Revenue: $405M vs $400M est.
* Full Year Revenue: $1.62B vs $1.6B est.

4/n

$NTNX

* Gain / Loss from Operations Margin (non-GAAP):
-11.1% vs -17.6% est

5/n

$NTNX

* Free cash flow: -1.9M vs -37.3M est

6/n

$NTNX

Strong

In total:

* Revenue: $378.5M vs 369M est
* EPS: -$0.22 vs -0.34
* Operating Margin: -11.1% vs -17.6%
* Free Cash Flow: -1.9M vs -37.3M
* ACV Billings: $183.3M vs $175.7

Guidance:
* Q2 Revenue: $405M vs $400M est.
* Full Year Revenue: $1.62B vs $1.6B est.

7/n

$NTNX

Most importantly, with revenue growth converging to ACV billings growth, and all of that guided to 25% in a few years, we are pleased to see that full year guidance is in fact for 25% growth this year.

...

8/n

$NTNX

And, finally, this is the first time the company has guided actual revenue growth (as opposed to just ACV billings) in a long-time and that reads as a signal to us that the CEO and CFO do believe that visibility is increasing and their goals are attainable.

9/9

$NTNX

While there are a lot of numbers, we just care that the company is building credibility, because if credibility is reached then all of a sudden we are looking at a software company headed to 25% revenue CAGR, turning free cash flow positive and priced at 3x 2023 sales