Nutanix announced financial results for its third quarter of fiscal 2017.

Third Quarter Fiscal Year 2017 Financial Highlights

• Revenue: $191.8 million, growing 67% year-over-year from $114.7 million in the third quarter of fiscal 2016
• Billings: $234.1 million, growing 47% year-over-year from $159.5 million in the third quarter of fiscal 2016
• Net Loss: GAAP net loss of $112.0 million, compared to a GAAP net loss of $46.8 million in the third quarter of fiscal 2016; Non-GAAP net loss of $60.8 million, compared to a non-GAAP net loss of $40.4 million in the third quarter of fiscal 2016
• Net Loss Per Share: GAAP net loss per share of $0.78, compared to a pro forma GAAP net loss per share of $0.39 in the third quarter of fiscal 2016; Non-GAAP net loss per share of $0.42, compared to a pro forma non-GAAP net loss per share of $0.33 in the third quarter of fiscal 2016
• Cash and Short-term Investments: $350.3 million, up 83% from the third quarter of fiscal 2016
• Deferred Revenue: $463.0 million, up 102% from the third quarter of fiscal 2016
• Operating Cash Flow: $(16.0) million, compared to $2.4 million in the third quarter of fiscal 2016, reflecting a $(9.6) million outflow of operating cash related to the purchase of ESPP shares
• Free Cash Flow: $(29.2) million, compared to $(11.0) million in the third quarter of fiscal 2016, also reflecting a $(9.6) million outflow of operating cash related to the purchase of ESPP shares

Dheeraj Pandey, Chief Executive Officer Nutanix said “We continue to execute on our strategy of building a cloud operating system that provides our customers maximum choice of hardware platforms. We recently established a partnership with IBM to bring to market the industry’s first hyperconverged solution on Power Systems, and introduced support for HPE ProLiant and Cisco UCS blade servers. Our third quarter results reflect our continued focus on the Global 2000 as well as a measurable improvement in the number of larger deals in the quarter.”

Recent Company Highlights

• Continued Customer Growth: Nutanix ended the third quarter of fiscal 2017 with 6,172 end-customers, adding approximately 790 new end-customers during the quarter. Third quarter customer wins included Caterpillar Inc., KYOCERA Communication Systems Co., Ltd., MobileIron, SAIC Volkswagen, Société Générale, and Sprint.
• Added Support for New Hardware Platforms: The company announced plans to expand the supported hardware platforms for its enterprise cloud OS Software to include Hewlett Packard Enterprise (HPE) ProLiant rackmount servers and Cisco UCS B-Series blade servers, allowing customers greater choice of hardware.
• Partnered with IBM for New HCI Solution: New partnership between Nutanix and IBM will bring a turnkey hyperconverged solution combining Nutanix’s software and IBM Power Systems targeting high-performance workloads and one-click private clouds for large enterprises.
• Increased Number of $1 Million+ Deals: 34 customers with over $1 million in the quarter as a result of an increased focus on large deals.