Nutanix, Inc. (NASDAQ:NTNX) Q2 2019 Earnings Conference Call Transcript

Feb 28, 2019 • 04:30 pm ET


Nutanix, Inc. (NASDAQ:NTNX) Q2 2019 Earnings Conference Call Transcript


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Good afternoon. My name is Amy, and I will be your conference operator today. At this time, I would like to welcome everyone to the Nutanix Second Quarter Fiscal Year 2019 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions).

Thank you. Tonya Chin, VP of Investor Relations and Corporate Communications, you may begin your conference.

Tonya Chin

Good afternoon and welcome to today's conference call to discuss the results of our second quarter of fiscal 2019. This call is also being broadcast over the web and can be accessed in the Investor Relations section of the Nutanix website. Joining me today are Dheeraj Pandey, Nutanix's CEO; and Duston Williams, Nutanix's CFO.

After the market close today, Nutanix issued a press release announcing the financial results for its second quarter of fiscal 2019. If you'd like a copy of the release, you can find it in the Press Releases section of the Company's website.

We'd like to remind you that during today's call, management will make forward-looking statements within the meaning of the Safe Harbor provision of Federal Securities laws regarding the Company's anticipated future revenue, billings, gross margin, operating expenses, net loss, net loss per share, free cash flow; our business plans and objectives; demand for and customer adoption of our products and services; plans for and timing for the impact of our transition to a subscription-based and recurring revenue business model; our continued investment in technology, talent and sales and marketing efforts; and any expected impacts from these investments; the benefits and capabilities of our platform; competitive and industry dynamics; market size and potential market opportunities; and other financial and business related information.

These forward-looking statements involve a number of risks and uncertainties, some of which are beyond our control, which could cause actual results to differ materially and adversely from those anticipated by these statements. These forward-looking statements apply as of today, and you should not rely on them as representing our views in the future. We undertake no obligation to update these statements after this call. For a more detailed description of these risks and uncertainties, please refer to our Form 10-Q for the first quarter of fiscal 2019 filed with the SEC on December 10th, 2018, as well as our earnings release posted a few minutes ago on our website. Copies of these documents may be obtained from the SEC or by visiting the IR section of our website.

Also, please note that unless otherwise specifically referenced, all financial measures we use on this call today are expressed on a non-GAAP basis and have been adjusted to exclude certain charges. We've provided reconciliations of these non-GAAP financial measures to GAAP financial measures in the Investor Relations section of our website and in our earnings press release.

Lastly, Nutanix will be hosting its Investor Day 2019 in New York City on Wednesday, March 20th. The event will be webcast on our