Nutanix Inc. has reported a significant earnings beat, with a 26% year-over-year growth in Annual Recurring Revenue (ARR) and record margins, cash flow, and customer numbers. The cloud computing company announced a $430 million Free Cash Flow (FCF) guidance and now boasts $1.7 billion in recurring revenue, with 25,300 customers, an increase of 1,750 from the previous year. Billings grew by 23%, showing sequential strength, and the company achieved GAAP profits with a 22% Operating Cash Flow (OCF) margin, and $73m net new ARR. In an interview, Nutanix CEO Rajiv Ramaswami discussed the earnings beat and the drivers for the 2024 results. Despite an uncertain macroeconomic backdrop, Nutanix comfortably exceeded Wall Street's expectations. The company's stock rose 4% after surpassing quarterly estimates, posting earnings of 46 cents per share on revenues of $565 million. Amidst competition, particularly from VMware, which is navigating its initial months under Broadcom ownership, Nutanix's second-quarter revenue surged 16% year over year, prompting the company to raise all of its guidance for the remaining two quarters of the fiscal year.