Nutanix reported revenue of $494.2 million for its fourth quarter ended July 31, 2023, up 28% compared to the same period last year. Non-GAAP operating income was $63.6 million compared to a loss of $(37.8) million a year earlier.
“Our fourth quarter capped off a fiscal year that showed healthy year-over-year top line growth and sharp year-over-year improvements in profitability and free cash flow,” said Rajiv Ramaswami, President and CEO of Nutanix. “Our consistent execution over the course of the year against an uncertain macro backdrop is a testament to the benefits of our subscription model, as well as the value our customers see in the Nutanix Cloud Platform as they look to modernize their IT footprints and implement hybrid multicloud operating models.”
