Nutanix delivered solid Q4 FY2024 results with revenue reaching $548 million, up 11% YoY, while Annual Recurring Revenue grew 22% to $1.91 billion. The quarter saw robust free cash flow of $224.3 million, significantly higher than $45.5 million in the year-ago period. Non-GAAP operating margin held steady at 12.9%.For full fiscal 2024, the company achieved several milestones including its first year of positive GAAP operating income at $7.6 million, compared to a loss of $207.2 million in FY2023. Total revenue rose 15% to $2.15 billion, while free cash flow nearly tripled to $597.7 million. The company also strengthened strategic partnerships with Cisco, NVIDIA and Dell.Looking ahead, Nutanix provided Q1 FY2025 guidance with revenue of $565-575 million and non-GAAP operating margin of 14.5-15.5%. For full FY2025, the company expects revenue of $2.435-2.465 billion with non-GAAP operating margin of 15.5-17.0%.

Nutanix delivered solid Q4 FY2024 results with revenue reaching $548 million, up 11% YoY, while Annual Recurring Revenue grew 22% to $1.91 billion. The quarter saw robust free cash flow of $224.3 million, significantly higher than $45.5 million in the year-ago period. Non-GAAP operating margin held steady at 12.9%.For full fiscal 2024, the company achieved several milestones including its first year of positive GAAP operating income at $7.6 million, compared to a loss of $207.2 million in FY2023. Total revenue rose 15% to $2.15 billion, while free cash flow nearly tripled to $597.7 million. The company also strengthened strategic partnerships with Cisco, NVIDIA and Dell.Looking ahead, Nutanix provided Q1 FY2025 guidance with revenue of $565-575 million and non-GAAP operating margin of 14.5-15.5%. For full FY2025, the company expects revenue of $2.435-2.465 billion with non-GAAP operating margin of 15.5-17.0%.