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Nutanix’s Next Phase: Expanding Large Deals, Partner-Led Growth, & Revenue Model Evolution!

Nutanix’s first quarter of fiscal year 2026 presented a mixed bag of financial outcomes, reflecting both the resilience and challenges inherent in its business model. A key point of interest in the quarter was a solid demand for Nutanix’s solutions, with bookings slightly exceeding expectations and steady collaboration with partners. However, this did not translate into immediate revenue realization as anticipated, due to an unexpected shift of business start dates into future periods, thereby deferring revenue recognition. In terms of financial performance, Nutanix generated $671 million in revenue for the quarter, aligning with the guided range but reflecting a 13% year-over-year growth. Importantly, while bookings were robust, the altered timing structure led Nutanix to adjust its full-year revenue guidance downward, although the expected long-term value of contracts remains unchanged. Encouragingly, the company’s Annualized Recurring Revenue (ARR) grew by 18% year-over-year to $2.28 billion.