Nutanix Inc - Ordinary Shares - Class A

Strong Financial Performance: Nutanix reported Q3 revenue of $639 million, exceeding guidance of $620 million to $630 million, representing a year-over-year growth of 22%. The Annual Recurring Revenue (ARR) grew 18% year-over-year to $2.14 billion. Free cash flow was strong at $203 million, with a free cash flow margin of 32%.

Guidance and Outlook: For Q4 FY25, Nutanix expects revenue between $635 million and $645 million. The full-year guidance was updated to revenue of $2.52 billion to $2.53 billion, reflecting an approximate 17.5% year-over-year growth at the midpoint, indicating robust overall growth.

Operating Margin Improvement: Non-GAAP operating margin for Q3 was reported at 21.5%, exceeding the guidance range of 17% to 18%. For FY25, management raised the operating margin guidance to approximately 20.5%, supported by timing-related hiring expenses and improved operational efficiencies.