Nutanix Inc Q1 2022 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst : Great. Congrats guys on the quarter. Staying on that topic of Era, it was -- we picked up the data point in doing our channel work that Era is starting to drive 8-figure deals on its own might be an outlier, but I mean, I don't think people are really thinking of Era to drive such big deals. Is that -- is that what your -- I mean, is that a norm? Or do you feel like those could be large outliers?

Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst : Got it. And just taking a step back, I guess, when I look at the ACV growth, obviously really good. You are trying -- I think when you guided to it, you kind of guided a sequential dip in Q1. When I look at the actuals now, it seems like the sequential is even better than 2 years ago. What surprised you in the quarter? Is there anything that went much more positive than you thought in any particular areas to highlight?

Question: Daniel Robert Bergstrom - RBC Capital Markets, Research Division - Analyst : It's Dan Bergstrom for Matt Hedberg. Really like the guidance around revenue and for the full year. Could you expand upon that decision? What gave you the confidence to expand guidance and why now?

Question: Daniel Robert Bergstrom - RBC Capital Markets, Research Division - Analyst : Yes, that's great, Duston. And then could you drill down into a little bit what you saw from the federal vertical in the quarter with fiscal year-end sounded positive from the prepared remarks. It's been mentioned a few times, but just more details there would be helpful.