Please check your download folder.Our goal has always been to serve as an easily accessible, high quality source of investment research for both professionals and amateurs alike. However, these non-GAAP financial and key performance measures have limitations as analytical tools and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP net loss, and non-GAAP net loss per share are financial measures which our management believes provide useful information to investors because they provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense that may not be indicative of our ongoing core business operating results. Over the last four quarters, Nutanix's revenue has grown by 20.6%. Our adoption of ASU 2016-18 did not have any significant impact on our consolidated statement of cash flows.Net loss per share attributable to Class A and Class B common stockholders—basic and dilutedAdjustments to reconcile net loss to net cash provided by operating activities:Proceeds from sales of shares through employee equity incentive plans, net of repurchasesIncome tax effect primarily related to stock-based compensation expenseFor the first quarter of fiscal 2020, Nutanix expects:Accrued compensation and benefitsIncome tax effect primarily related to release of valuation allowance due to acquisitions, stock-based compensation expense and the migration of certain intangible assetsWeighted shares outstanding, basic and dilutedAmount for the fiscal year ended July 31, 2019 excludes approximately $0.3 million of deferred revenue assumed in a business combination.Amortization of debt discount and issuance costsPayment of debt in conjunction with business combinationsWeighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders—basic and dilutedAccumulated other comprehensive (loss) incomeDeferred commissions—non-currentTotal liabilities and stockholders’ equityTotal stock-based compensation expenseChange in professional services deferred revenueSupport, entitlements and other servicesAmortization of intangible assetsCash and cash equivalents—end of periodIncome tax effect primarily related to stock-based compensation expense and the migration of certain intangible assetsIncome tax effect primarily related to stock-based compensation expense and the partial release of valuation allowance in connection with a business combination and tax effect of a change in lawAmortization of debt discount and debt issuance costsAccrued expenses and other current liabilitiesPayments for the cost of convertible note hedgesPayments for acquisitions, net of cash and restricted cash acquiredNet cash provided by financing activitiesNet cash provided by (used in) operating activitiesChange in fair value of contingent consideration assumed in a business combinationNet loss per share, basic and dilutedProceeds from issuance of warrantsReconciliations between GAAP and non-GAAP financial measures and key performance measures are provided in the tables of this press release.Support, entitlements and other services cost of revenueAccrued expenses and other liabilitiesStock-based compensation expenseTo supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial and other key performance measures: billings, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP net loss, non-GAAP net loss per share, free cash flow, software and support revenue, subscription revenue, software and support billings, subscription billings, and professional services billings. We adopted the standard retrospectively for the prior period presented. We have a strong set of tenured sales leaders in place and continue to lead the industry as an innovator with technology at the forefront of hybrid cloud transformation.”Total amortization of intangible assets
Revenue: $335 million vs. $331 million expected, per Refinitiv Nutanix expects revenue between $290 million to $300 million in the third quarter, compared to the $348 million analysts expected.