Nutanix: Soaring Backlog And Contract Durations, Modest FCF Multiples
Nutanix is experiencing significant growth in its recurring revenue and contract durations. The company reported a 10% year-over-year increase in Q3 revenue, surpassing market expectations. With a strong outlook for free cash flow, Nutanix remains a favorable investment option in the AI infrastructure sector.
- ▪Nutanix reported Q3 revenue of $703.1 million, which is a 10% increase year-over-year.
- ▪The company maintains its FY26 revenue guidance of $2.82 to $2.84 billion.
- ▪Nutanix's annual recurring revenue growth is approximately 15%, exceeding $2.4 billion.
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