Exhibit

Exhibit 99.1

NUTANIX, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data, unaudited)



	Restated For New Revenue Standard						Previously Reported						Change
Year Ended July 31,	2016			2017			2016			2017			2016			2017
Revenue:
Product	$	413,910		$	673,297		$	350,798		$	583,011		$	63,112		$	90,286
Support and other services	89,500			172,606			94,130			183,858			(4,630		)	(11,252		)
Total revenue	503,410			845,903			444,928			766,869			58,482			79,034
Cost of revenue:
Product	133,541			249,393			133,541			249,393			—			—
Support and other services	37,246			77,938			37,246			77,938			—			—
Total cost of revenue	170,787			327,331			170,787			327,331			—			—
Gross profit	332,623			518,572			274,141			439,538			58,482			79,034
Operating expenses:
Sales and marketing	286,584			501,021			288,493			500,529			(1,909		)	492
Research and development	116,400			288,619			116,400			288,619			—			—
General and administrative	34,265			77,341			34,265			77,341			—			—
Total operating expenses	437,249			866,981			439,158			866,489			(1,909		)	492
Loss from operations	(104,626		)	(348,409		)	(165,017		)	(426,951		)	60,391			78,542
Other expense—net	(1,290		)	(26,377		)	(1,290		)	(26,377		)	—			—
Loss before provision for income taxes	(105,916		)	(374,786		)	(166,307		)	(453,328		)	60,391			78,542
Provision for income taxes	2,317			4,852			2,192			4,683			125			169
Net loss	$	(108,233	)	$	(379,638	)	$	(168,499	)	$	(458,011	)	$	60,266		$	78,373
Net loss per share —basic and diluted	$	(2.46	)	$	(2.96	)	$	(3.83	)	$	(3.57	)	$	1.37		$	0.61

Restated results reflect the adoption of the new revenue recognition standard. Previously reported results for fiscal year 2016 were derived from audited financial statements included in our prospectus filed pursuant to Rule 424(b)(4), as amended, on September 28, 2016. Results for fiscal year 2017 were derived from financial statements that will be included in the Annual Report on Form 10-K for the year ended July 31, 2017.

NUTANIX, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, unaudited)



	Restated For New Revenue Standard						Previously Reported						Change
As of July 31,	2016			2017			2016			2017			2016			2017

Assets
Current assets:
Cash and cash equivalents	$	99,209		$	138,359		$	99,209		$	138,359		$	—		$	—
Short-term investments	85,991			210,694			85,991			210,694			—			—
Accounts receivable—net	110,659			178,876			110,659			178,876			—			—
Deferred commissions—current	14,216			23,843			17,864			27,679			(3,648		)	(3,836		)
Prepaid expenses and other current assets	16,138			28,362			16,138			28,362			—			—
Total current assets	326,213			580,134			329,861			583,970			(3,648		)	(3,836		)
Property and equipment—net	42,218			58,072			42,218			58,072			—			—
Deferred commissions—non-current	35,306			49,684			19,029			33,709			16,277			15,975
Intangible assets-net	—			26,001			—			26,001			—			—
Goodwill	—			16,672			—			16,672			—			—
Other assets—non-current	7,978			7,649			7,978			7,649			—			—
Total assets	$	411,715		$	738,212		$	399,086		$	726,073		$	12,629		$	12,139
Liabilities, Convertible Preferred Stock and Stockholders’ (Deficit) Equity
Current liabilities:
Accounts payable	$	52,111		$	73,725		$	52,111		$	73,725		$	—		$	—
Accrued compensation and benefits	24,547			57,521			24,547			57,521			—			—
Accrued expenses and current other liabilities	5,662			9,707			5,537			9,414			125			293
Deferred revenue—current	101,607			170,123			130,569			233,498			(28,962		)	(63,375		)
Total current liabilities	183,927			311,076			212,764			374,158			(28,837		)	(63,082		)
Deferred revenue—non-current	116,874			198,933			165,896			292,573			(49,022		)	(93,640		)
Senior notes	73,260			—			73,260			—			—			—
Convertible preferred stock warrant liability	9,679			—			9,679			—			—			—
Early exercised stock options liability	2,320			851			2,320			851			—			—
Other liabilities—non-current	1,103			10,289			1,103			10,289			—			—
Total liabilities	387,163			521,149			465,022			677,871			(77,859		)	(156,722		)
Commitments and contingencies													—			—
Convertible preferred stock	310,379			—			310,379			—			—			—
Stockholders’ (deficit) equity:													—			—
Common stock	1			4			1			4			—			—
Additional paid-in capital	65,629			948,134			65,629			948,134			—			—
Accumulated other comprehensive loss	(12		)	(106		)	(12		)	(106		)	—			—
Accumulated deficit	(351,445		)	(730,969		)	(441,933		)	(899,830		)	90,488			168,861
Total stockholders’ (deficit) equity	(285,827		)	217,063			(376,315		)	48,202			90,488			168,861
Total liabilities, convertible preferred stock and stockholders’ (deficit) equity	$	411,715		$	738,212		$	399,086		$	726,073		$	12,629		$	12,139

NUTANIX, INC.

QUARTERLY FINANCIAL INFORMATION

(In thousands, except per share data, unaudited)



Fiscal Year 2016	Q1 2016									Q2 2016									Q3 2016									Q4 2016
	As Reported			Impact of Adoption			As Adjusted			As Reported			Impact of Adoption			As Adjusted			As Reported			Impact of Adoption			As Adjusted			As Reported			Impact of Adoption			As Adjusted

Product revenue	$	70,396		$	13,693		$	84,089		$	81,229		$	14,652		$	95,881		$	89,957		$	12,434		$	102,391		$	109,216		$	22,333		$	131,549
Support and other services	17,360			(904		)	16,456			21,468			(957		)	20,511			24,733			(1,156		)	23,577			30,569			(1,613		)	28,956
Total revenue	$	87,756		$	12,789		$	100,545		$	102,697		$	13,695		$	116,392		$	114,690		$	11,278		$	125,968		$	139,785		$	20,720		$	160,505
Gross profit	$	52,677		$	12,789		$	65,466		$	64,761		$	13,695		$	78,456		$	71,297		$	11,278		$	82,575		$	85,406		$	20,720		$	106,126
Gross margin	60.0		%	5.1		%	65.1		%	63.1		%	4.3		%	67.4		%	62.2		%	3.4		%	65.6		%	61.1		%	5.0		%	66.1		%
Operating expenses	$	89,831		$	(455	)	$	89,376		$	99,992		$	(900	)	$	99,092		$	116,000		$	(71	)	$	115,929		$	133,335		$	(483	)	$	132,852
Loss from operations	$	(37,154	)	$	13,244		$	(23,910	)	$	(35,231	)	$	14,595		$	(20,636	)	$	(44,703	)	$	11,349		$	(33,354	)	$	(47,929	)	$	21,203		$	(26,726	)
Net Loss	$	(38,545	)	$	13,228		$	(25,317	)	$	(33,205	)	$	14,565		$	(18,640	)	$	(46,820	)	$	11,317		$	(35,503	)	$	(49,929	)	$	21,157		$	(28,772	)
Basic and diluted net loss per share	$	(0.90	)	$	0.31		$	(0.59	)	$	(0.76	)	$	0.33		$	(0.43	)	$	(1.05	)	$	0.25		$	(0.80	)	$	(1.11	)	$	0.47		$	(0.64	)
Pro forma net loss per share -basic and diluted	$	(0.32	)	$	0.11		$	(0.21	)	$	(0.28	)	$	0.12		$	(0.16	)	$	(0.39	)	$	0.10		$	(0.29	)	$	(0.41	)	$	0.17		$	(0.24	)



Fiscal Year 2017	Q1 2017									Q2 2017									Q3 2017									Q4 2017
	As Reported			Impact of Adoption			As Adjusted			As Reported			Impact of Adoption			As Adjusted			As Reported			Impact of Adoption			As Adjusted			As Reported			Impact of Adoption			As Adjusted

Product revenue	$	129,657		$	23,879		$	153,536		$	138,508		$	19,705		$	158,213		$	143,142		$	16,934		$	160,076		$	171,704		$	29,768		$	201,472
Support and other services	37,152			$	(2,127	)	35,025			43,687			(2,686		)	41,001			48,621			(3,027		)	45,594			54,398			(3,412		)	50,986
Total revenue	$	166,809		$	21,752		$	188,561		$	182,195		$	17,019		$	199,214		$	191,763		$	13,907		$	205,670		$	226,102		$	26,356		$	252,458
Gross profit	$	97,047		$	21,752		$	118,799		$	105,349		$	17,019		$	122,368		$	108,557		$	13,907		$	122,464		$	128,585		$	26,356		$	154,941
Gross margin	58.2		%	4.8		%	63.0		%	57.8		%	3.6		%	61.4		%	56.6		%	2.9		%	59.5		%	56.9		%	4.5		%	61.4		%
Operating expenses	$	233,428		$	(150	)	$	233,278		$	197,639		$	130		$	197,769		$	218,224		$	(1,261	)	$	216,963		$	217,198		$	1,773		$	218,971
Loss from operations	$	(136,381	)	$	21,902		$	(114,479	)	$	(92,290	)	$	16,889		$	(75,401	)	$	(109,667	)	$	15,168		$	(94,499	)	$	(88,613	)	$	24,583		$	(64,030	)
Net Loss	$	(162,169	)	$	21,867		$	(140,302	)	$	(93,212	)	$	16,843		$	(76,369	)	$	(111,977	)	$	15,142		$	(96,835	)	$	(90,653	)	$	24,521		$	(66,132	)
Basic and diluted net loss per share	(2.18		)	$	0.29		$	(1.89	)	$	(0.66	)	$	0.12		$	(0.54	)	$	(0.78	)	$	0.11		$	(0.67	)	$	(0.59	)	$	0.16		$	(0.43	)
Pro forma net loss per share -basic and diluted *	$	(1.26	)	$	0.17		$	(1.09	)	$	(0.66	)	$	0.12		$	(0.54	)	$	(0.78	)	$	0.11		$	(0.67	)	$	(0.59	)	$	0.16		$	(0.43	)

Restated quarterly results reflect the adoption of the new revenue recognition standard. Previously reported quarterly results for fiscal year 2016 and 2017 were derived from unaudited quarterly financial results presented.

* Pro forma basic and diluted net loss per share was computed to give effect to the conversion of all outstanding convertible preferred stock upon closing of our initial public offering on October 5, 2016, as if the conversion had occurred at the beginning of the period.