Nutanix, Inc. (NASDAQ:NTNX) Q2 2023 Earnings Call Transcript

Rukmini Sivaraman: Right. So I think if your question on NRR, our net dollar-based retention rate metric, Tom? Is that the question?

Thomas Blakey: Yes. From the renewals, yes.

Rukmini Sivaraman: Yes. So thank you for that. So I think I want to first clarify that when we talk about renewals billings, we’re purely talking only about renewals, right? It does not factor in any of the expansion that is factored into our new and expansion portion, right? That’s sort of incremental ACV. NRR, to your point on, we don’t actually disclose on a quarterly basis. So what I will say, though, is if we look back to our last Investor Day, we had given some ranges in that 120 to 125-ish percent sort of range, and it is still in that in that range in terms of the NRR number. And so yes, and as we’ve also talked about how for new and expansion is where we are baking in some caution as it relates to the full year guide, given what we’re seeing in the business.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.