Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced that its scale-out file storage solution, Nutanix Files, recently reached the significant milestone of 2,500 customers, including nearly 180 Global 2,000 companies.Nutanix Files provides simple, flexible and intelligent enterprise file storage for the cloud era. 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 necessary capital expenditures, and we define free cash flow as net cash (used in) provided by operating activities less purchases of property and equipment. Our decision to link to an external site should not be considered an endorsement of any content on such a site.Total liabilities and stockholders’ equity (deficit)Net loss per share attributable to Class A and Class B common stockholders—basic and dilutedWeighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders—basic and diluted(1) Includes the following stock-based compensation expense:Support, entitlements and other services cost of revenue(2) Includes the following amortization of intangible assets:Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Amortization of debt discount and debt issuance costsNet cash provided by (used in) operating activitiesPayments for acquisitions, net of cash and restricted cash acquiredNet cash provided by (used in) investing activitiesProceeds from sales of shares through employee equity incentive plans, net of repurchasesPayment of contingent consideration associated with an acquisitionPayment of issuance costs related to convertible senior notesNet increase (decrease) in cash, cash equivalents and restricted cashCash, cash equivalents and restricted cash—beginning of periodCash, cash equivalents and restricted cash—end of periodPurchases of property and equipment included in accounts payable and accrued liabilitiesIncluded within other assets—non-current in the condensed consolidated balance sheets.Tip: Try a valid symbol or a specific company name for relevant resultsCRA Cash: 3 Benefits You Can Still Get After the CERB EndsC$ ends July higher to notch best win streak in six yearsBill Gates: U.S. could return to ‘2,000 deaths a day’ not seen since peak of coronavirus outbreakCRA Benefits Coming in August: 3 Smart Stocks to Buy Next Month With an Extra $200Air Canada CEO calls for easing of travel rules as company loses $1.75BCoronavirus update: Fauci, CDC face Congress as US coronavirus cases spiral higherEnrichHER, an investing platform, is helping women's businesses weather the shutdownShaw launches Shaw Mobile for internet customers in B.C., AlbertaMarket Crash 2020: 3 Stocks I Wouldn’t Touch With a Barge PoleAphria sees $99M loss in Q4, sales and profit hot streak continuesStock market news live updates: Stocks post fourth straight monthly gain as tech shares surgeThe CRA Is Taking Back the $2,000 CERB for 3 ReasonsToronto condo sales fall to the lowest level since the Great RecessionPeople Fear They’ve Got Too Much Cash in Their Bank Accounts3 Stocks I’m Buying Before the Stock Market Crashes AgainFour cents per gram? 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. Nutanix executives will discuss the company’s third quarter fiscal 2020 financial results on a conference call at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time on Wednesday, May 27, 2020. Our near-term focus is on thoughtful cash and expense management, while proactively preparing to emerge from this time with the ability to drive long-term growth and scale our business with the market. To listen to the call via telephone, dial 1-833-968-2186 in the United States or 1-825-312-2107 from outside the United States. Change in software and support deferred revenue (TCV deferred revenue) We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. This press release contains links to external websites that are not part of Nutanix.com. 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 Revenue to Billings," "Disaggregation of Revenue and Billings," "Reconciliation of Subscription and Professional Services Revenue to Subscription and Professional Services Billings," "Reconciliation of Software and Support Revenue (TCV Revenue) to Software and Support Billings (TCV Billings)," "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 contains express and implied forward-looking statements, including, but not limited to, statements regarding: our business plans, initiatives and objectives, including changes we have made or anticipate making in response to the COVID-19 pandemic, our ability to manage our business during the pandemic, and the position we anticipate being in following the pandemic; our ability to execute such plans, initiatives and objectives in a timely manner, and the benefits and impact of such plans, initiatives and objectives, including our ability to manage our expenses and decrease our cash usage in future periods; our customer needs and our response to those needs; the benefits and capabilities of our platform, products, services and technology; our plans and expectations regarding new products, services, product features and technology, including those that are still under development or in process; our plans and timing for, and the success and impact of, our transition to a subscription-based business model; our plans to provide financial guidance in the future; and the timing and potential impact of the COVID-19 pandemic on our business, operations and financial results, including the actions we have taken to manage operating expenses.
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