Nutanix, Inc. (NASDAQ:NTNX) Q1 2021 Earnings Conference Call - Final Transcript

Nov 23, 2020 • 04:30 pm ET


Nutanix, Inc. (NASDAQ:NTNX) Q1 2021 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the Nutanix Q1 Fiscal Year 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

Now I would like to hand the conference over to your speaker today, Ms. Tonya. Please go ahead.

Tonya Chin

Good afternoon and welcome to today's conference call to discuss the results of our first quarter of fiscal 2021. This call is also being broadcast over the web and can be accessed in our Investor Relations section at Joining me today are Dheeraj Pandey, Nutanix's CEO and Duston Williams, Nutanix's CFO.

After the market closed today, Nutanix issued a press release announcing financial results for its first quarter of fiscal year 2021. If you'd like to read the release, please visit the Press Release section of our IR website.

During today's call, management will make forward-looking statements, including statements regarding our business plans, strategies and outlook, including our financial performance, future financial targets and performance metrics and competitive position in future periods, the timing and impact of our current and future business model transition, the factors driving our growth, the timing and impact of our announced CEO transition plan and the current anticipated impact of the COVID-19 pandemic. These forward-looking statements involve 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. For a detailed description of these factors, please refer to our SEC filings, including our most recent annual report on Form 10-K for fiscal 2020 filed with the SEC on September 23, 2020, as well as our earnings press release issued today. These forward-looking statements apply as of today and we undertake no obligation to update these statements after this call. As a result, you should not rely on them as representing our views in the future.

Please note, unless otherwise specifically referenced, all financial measures we use on today's call are expressed on a non-GAAP basis, and have been adjusted to exclude certain charges. We have provided, to the extent available, reconciliations to these non-GAAP financial measures to GAAP financial measures on our IR website and in our earnings press release.

Lastly, Nutanix management will host virtual meeting with investors at the Credit Suisse 24th Annual Technology Conference on Tuesday, December 1, the Wells Fargo TMT Summit on December 2, the Raymond James Technology Conference on December 7, and the Needham Growth Conference on January 11. We hope to connect with many of you there.

And with that, I'll turn the call over to Dheeraj. Dheeraj?

Dheeraj Pandey

Thank you Tonya. And good afternoon everyone. Q1 was a very good quarter. Positioning us well for the rest of fiscal '21. While Duston will go into more details on the financials, the headline is that we outperformed across all our key metrics. ACV