Filing Flows › Nutanix (NTNX) › Q2 FY25
Nutanix (NTNX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Mar 6, 2025
Nutanix (NTNX) reported revenue of $655M for the second quarter fiscal 2025 (Q2 FY25), +16% from a year earlier and +11% from the quarter before. Operating margin was 10.0%, net earnings $56.4M (8.6% of revenue).
Nutanix, Q2 FY25: revenue $655M (+16% year over year), operating margin 10.0%, net earnings $56.4M, operating cash flow $222M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $655M | +11% | +16% |
| Gross profit | $569M | +12% | +18% |
| Operating profit | $65.4M | +140% | +77% |
| Net earnings | $56.4M | +89% | +72% |
| Operating cash flow | $222M | +37% | +19% |
| Free cash flow | $187M | +23% | +15% |
What changed
Revenue was $654.7M in Q2 FY25, up 16% year over year and up 11% from the previous quarter. Subscriptionand Circulation Software Termbased Licenses was the largest line at 52% of revenue. Subscriptionand Circulation Software Termbased Licenses added $58.9M year over year (up 21%), 66% of the total change. Software declined 93%.
Gross margin was 87.0%, up 1.4 points from a year earlier. Operating profit was $65.4M, a 10.0% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 7% margin then. Operating expenses grew 13% against revenue growth of 16%. The fastest-growing cost line was General & admin (+21%). Net earnings were $56.4M, up 72% year over year. The effective tax rate was 13.3%.
Operating cash flow was $221.7M (up 19% year over year), 393% of net earnings. Non-cash charges added back $18.2M of depreciation and amortization and $93.4M of share-based compensation. Working capital and other items added $53.6M. Capital expenditures of $34.6M left free cash flow of $187.1M.
Questions
What was Nutanix's revenue in the second quarter fiscal 2025?
Nutanix (NTNX) reported revenue of $655M for the second quarter fiscal 2025 (Q2 FY25), +16% from a year earlier and +11% from the quarter before.
Was Nutanix profitable in the second quarter fiscal 2025?
Operating profit was $65.4M (10.0% of revenue) and net earnings $56.4M.
Source: Nutanix 10-Q on SEC EDGAR.